New Zealand Gazette – 1998 – No. 192

Page 4517

✨ Financial Statements

27 NOVEMBER NEW ZEALAND GAZETTE 4517

6. Share Capital

Authorised Capital:

Distribution - 5,264,435 Ordinary shares of $1 each Fully Paid Up 1998 1997
$ 5,264,435 $ 5,264,435
Retail - 199,835 Ordinary shares of $1 each Fully Paid Up $ 199,835 $ 199,835

7. Long Term Liabilities

Westpac Banking Corporation Distribution Retail
Multi Option Credit Line Facility 1998 1997 1998 1997
$ $ $ $
Less Current Portion $ - $ - $ - $ -
Long-Term Portion $ 4,024,655 $ 4,303,104 $ 117,731 $ 163,343

Term: Three years to December 1999
Repayments: No further repayments required until December 1999
Security: First ranking debenture providing for fixed and floating charges over all assets.
Average Interest Rate Over Year: 8.84%

8. Imputation Credit Account

                                                             Distribution           Retail
                                                             1998      1997         1998      1997

Opening Balance $ 1,170,696 $ 817,972 $ 45,836 $ 20,894
PLUS:
Income tax paid $ 475,225 $ 507,748 $ 96,682 $ 42,307
Imputations on dividends received $ - $ - $ - $ -
LESS:
Terminal Tax Refund -$ 17,633 $ - -$ 3,587 $ -
Imputations Attached to Dividends Paid -$ 273,888 -$ 155,024 -$ 46,262 -$ 17,365
Balance 30 June 1998 $ 1,354,400 $ 1,170,696 $ 92,669 $ 45,836

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VUW Te Waharoa — NZ Gazette 1998, No 192

NZLII — NZ Gazette 1998, No 192

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Wanganui Gas Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Share capital, Long-term liabilities, Imputation credit account

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