β¨ Financial Statements
4438 NEW ZEALAND GAZETTE No. 189
Electricity Corporation of New Zealand Limited
Notes to the Financial Statements
| 1998 $M | 1997 $M | |
|---|---|---|
| Imputation credit account | ||
| Imputation credits at start of the year | 704 | 576 |
| Plus: Income tax paid | 104 | 131 |
| Imputation credits attached to dividends received | - | 1 |
| Transfers to subsidiaries | - | (4) |
| Imputation credits at end of the year | 809 | 704 |
6. Dividends
Ordinary shares:
-
Interim dividend paid | 68 | 81 |
-
Final dividend recommended by directors (note 10) | - | 67 |
Total ordinary dividends | 68 | 148 |
-
Special dividend paid | - | 158 |
Total dividends paid or provided | 68 | 306 |
7. Current assets
-
Cash | 3 | 8 |
-
Short term deposits | 88 | 1 |
-
Fuel stocks | 38 | 39 |
-
Consumable spares | 12 | 12 |
-
Prepayments | 7 | 2 |
-
Accounts receivable | 165 | 176 |
-
Taxation receivable | - | 5 |
-
Other current assets | 5 | 3 |
Total current assets | 318 | 246 |
8. Term assets
-
Investment in subsidiaries | 45 | 48 |
-
Resource consents | 8 | 8 |
-
Other term assets | 59 | 3 |
Total term assets | 112 | 59 |
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VUW Te Waharoa —
NZ Gazette 1998, No 189
NZLII —
NZ Gazette 1998, No 189
β¨ LLM interpretation of page content
π
Electricity Corporation of New Zealand Limited Statement of Financial Position
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Imputation Credits, Dividends, Current Assets, Term Assets