✨ Financial Statements




NEW ZEALAND GAZETTE

25 SEPTEMBER

WESTPOWER LIMITED

STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 1998

Note LINES BUSINESS GENERATION BUSINESS OTHER BUSINESSES
1998 1997 1998
$ '000 $ '000 $ '000

TOTAL EQUITY
| | 3 | 31,412 | 29,373 | 30,457 | 29,525 | 2,386 | 2,563 |

CURRENT ASSETS:
| Bank & Cash | (1,733) | (2,243) | 4,064 | 3,790 | (589) | 272 |
| Debtors | 790 | 656 | 41 | 14 | 1,314 | 1,810 |
| Income Tax Refund Due | (67) | 167 | (41) | 253 | 7 | 34 |
| Inventories - Reticulation | 0 | 610 | 0 | 0 | 485 | 0 |
| - Appliance Sales & Servicing | 0 | 0 | 0 | 0 | 0 | 43 |
| | (1,010) | (810) | 4,064 | 4,057 | 1,217 | 2,159 |

NON-CURRENT ASSETS:
| Investments | 94 | 85 | 140 | 128 | 190 | 293 |
| Fixed Assets | 37,912 | 37,295 | 39,360 | 40,271 | 2,268 | 1,388 |
| | 38,006 | 37,380 | 39,500 | 40,399 | 2,458 | 1,681 |

TOTAL ASSETS
| | 36,996 | 36,570 | 43,564 | 44,456 | 3,675 | 3,840 |

CURRENT LIABILITIES:
| Creditors, Accruals & Consumer Deposits | 1,177 | 1,783 | 316 | 368 | 973 | 1,047 |

NON-CURRENT LIABILITIES:
| Borrowings | 4,265 | 5,027 | 12,749 | 14,508 | 0 | 0 |
| Provision for Retiring Gratuities | 142 | 387 | 42 | 55 | 316 | 230 |
| | 4,407 | 5,414 | 12,791 | 14,563 | 316 | 230 |

TOTAL LIABILITIES
| | 5,584 | 7,197 | 13,107 | 14,931 | 1,289 | 1,277 |

NET ASSETS
| | 31,412 | 29,373 | 30,457 | 29,525 | 2,386 | 2,563 |

The accompanying notes form part of and are to be read in conjunction with these financial statements.



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🏭 Certification of Financial Statements by Westpower Limited (continued from previous page)

🏭 Trade, Customs & Industry
31 August 1998
Financial Statements, Certification, Audit, Electricity, Westpower Limited