✨ Financial Statements




13 SEPTEMBER NEW ZEALAND GAZETTE 2815

Central Electric Limited

Line Business Unit

Notes to the financial statements for the year ended 31 March 1999

(1) Net surplus

The overall net surplus is stated in the statement of financial performance

31.3.99

After charging

  • Depreciation on system fixed assets ... 1,928
  • Legal and consultancy expenditure ... 263
  • Transmission charges ... 3,049
  • Avoided transmission charges ... 816
  • Advertising and Marketing ... 12
  • Employee salaries and expenses ... 519
  • Human resources expenses ... 117
  • Corporate and administration ... 1,727

After crediting

  • Interest income ... 297
  • Revenue from line/access charges invoiced to consumers by electricity retailers ... 13,967

(2) Current assets

31.3.99 31.3.98
Cash at bank ... 1,366 0
Short term deposits ... 2,450 0
Taxation refund ... 616 97
Trade debtors ... 409 1,362
Stock ... 1,813 1,857
Other current assets ... 8,320 339
Total ... 14,974 3,655

(3) Current liabilities

31.3.99 31.3.98
Bank overdraft ... 0 4,573
Trade Creditors ... 2,660 992
Provision for dividend ... 150 0
Provision for holiday pay ... 100 65
Other current liabilities ... 13,148 0
Total ... 16,058 5,630


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VUW Te Waharoa PDF NZ Gazette 1999, No 117


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✨ LLM interpretation of page content

🏭 Central Electric Limited Statement of Accounting Policies (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Financial Statements, Net Surplus, Current Assets, Current Liabilities