New Zealand Gazette – 1999 – No. 125

Page 2996

✨ Financial Statement



2996 NEW ZEALAND GAZETTE

No. 125

2.2 STATEMENT OF FINANCIAL POSITION

As at 31 March 1999

Notes 1999 1998
($000) ($000)
Current assets
Bank, cash, short-term investments 38,510 69
Trade debtors 38,270 21,951
Other debtors 1,460 2,008
Taxation receivable 395 -
Prepayments 366 177
Electricity hedges - -
Lease 17 62 55
Inventory 1,062 1,054
Other current assets 6,353 3,460
Total current assets 86,478 28,774
Fixed assets
System fixed assets 9 1,082,807 589,787
Non-reticulation assets 9 40,352 26,294
Total fixed assets 1,123,159 616,081
Other tangible assets
Lease 17 1,670 1,785
Total tangible assets 1,211,307 646,640
Intangible assets
Goodwill assets 18 1,731 -
Other intangibles 19 531,523 -
Total intangible assets 533,254 **-
Total assets 1,744,561 646,640
Current liabilities
Accounts payable 8 46,213 12,796
Bank loan - current 20 36,500 2,000
Provision for dividend 5 21,984 25,157
Provision for taxation - 513
Electricity hedges - -
Sundry payables 8 4,727 376
Total current liabilities 109,424 40,842
Funding
Shareholders’ equity
Share capital 6 129,351 129,359
Revaluation reserves 7 384,991 403,921
Other reserves 7 66,678 66,678
Retained earnings 7 16,580 31,825
Total shareholders’ equity 597,600 631,783
Non-current liabilities
Loans 20 989,500 8,500
Deferred taxation 4 10,768 7,280
Inter-business unit funding 37,269 (41,765)
Total non-current liabilities 1,037,537 (25,985)
Total funding 1,635,137 605,798
Total equity and liabilities 1,744,561 646,640

The accompanying notes and accounting policies form part of and are to be read in conjunction with this statement.



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✨ LLM interpretation of page content

💰 Financial Statements for the year ended 31 March 1999 (continued from previous page)

💰 Finance & Revenue
Financial Performance, Revenue, Expenditure, Profit, Taxation, Assets, Liabilities