β¨ 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 —
NZ Gazette 1999, No 117
NZLII —
NZ Gazette 1999, No 117
β¨ LLM interpretation of page content
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Central Electric Limited Statement of Accounting Policies
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π Trade, Customs & IndustryAccounting Policies, Financial Statements, Net Surplus, Current Assets, Current Liabilities