New Zealand Gazette – 1998 – No. 194

Page 4573

✨ Financial Statement



30 NOVEMBER NEW ZEALAND GAZETTE 4573

Natural Gas Corporation – Gas Distribution Activities

Statement of Financial Position

As at 30 June 1998

For the purposes of the Gas (Information Disclosure) Regulations 1997

Note $ Thousands
1998 1997

Fixed and Long Term Assets
Fixed Assets 4. 100,045 98,202
Deferred Expenditure 5. 1,376 1,351
Total Non Current Assets 101,421 99,553

Current Assets
Cash and Short Term Deposits - -
Trade Debtors 2,495 2,689
Current tax 819 354
Inventories – Consumable Spares 400 599
Total Current Assets 3,714 3,642
Total Assets 105,135 103,195

Equity
Notional Reserves 6. 86,046 84,072
Total Equity 86,046 84,072

Non Current Liabilities
Deferred Income 7. 5,564 5,817
Deferred Taxation 11,046 10,590
Total Non Current Liabilities 16,610 16,407

Current Liabilities
Accounts Payable and Accruals 2,479 2,716
Total Current Liabilities 2,479 2,716
Total Liabilities and Equity 105,135 103,195

The notes form an integral part of these financial statements



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✨ LLM interpretation of page content

🏭 Financial Performance Statement of Natural Gas Corporation (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Revenue, Surplus, Taxation, Natural Gas