Financial Statements




28 SEPTEMBER NEW ZEALAND GAZETTE 3877

Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1998

Statement of financial position

Note Line Energy
1998 1997 1998 1997
$000 $000 $000 $000
Shareholders’ funds 61,415 59,567 67 205

Current liabilities

| Accounts payable and accruals | 3 | 5,826 | 7,184 | 1,326 | 1,332 |
| Other provisions | | 200 | 378 | - | - |
| | | 6,026 | 7,562 | 1,326 | 1,332 |

| Total liabilities and shareholders’ funds | | $67,441 | $67,129 | $1,393 | $1,537 |

Fixed assets

| | 4 | 62,477 | 60,633 | 99 | 126 |

Current assets

| Cash | | 2,934 | 4,703 | - | - |
| Receivables and Accruals| 5 | 2,030 | 1,793 | 1,294 | 1,411 |
| | | 4,964 | 6,496 | 1,294 | 1,411 |

| Total assets | | $67,441 | $67,129 | $1,393 | $1,537 |


For and on behalf of the Board

Signature Signature

W R Thessman
Chairman

P A T Hamid
Director

29 May 1998

The accompanying notes form part of these financial statements.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1998, No 161


NZLII PDF NZ Gazette 1998, No 161





✨ LLM interpretation of page content

🏭 Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1998 (continued from previous page)

🏭 Trade, Customs & Industry
29 May 1998
Financial Performance, Annual Report, Horowhenua Energy Limited, Line Business, Energy Business, Financial Statements, Balance Sheet
  • W R Thessman, Chairman
  • P A T Hamid, Director