✨ Financial Statement
17 SEPTEMBER
NEW ZEALAND GAZETTE
ELECTRICITY ASHBURTON LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 1999
| Notes | 1999 $ | 1998 $ |
|---|
CURRENT ASSETS :
Bank and Short Term Deposits | 595,615 | (1,423,501)
Refund Taxation | 320,098 | -
Inventories | 650,000 | 857,797
Current A/c ARL | 141,878 | -
Accounts Receivable | 4 | 483,485 | 950,341
Total Current Assets: | 2,191,077 | 384,637 |
FIXED ASSETS : ||
System Fixed Assets | 2 & 3 | 51,604,319 | -
Centralised Load Control Equipment | 105,616 | -
Information System Assets | 564,094 | -
Motor Vehicles | 201,136 | -
Office Equipment | 224,403 | -
Land & Buildings | 2,316,065 | -
Capital Works Under Construction | 253,265 | -
Total Fixed Assets: | 65,268,898 | 63,994,837 |
TOTAL ASSETS | $67,459,975 | $64,379,474 |
CURRENT LIABILITIES : ||
Provision for Taxation | 100,000 | 35,680
Accounts Payable | 5 | 3,440,820 | 1,075,048
Bank Loan | - | 2,250,000 | 1,000,000
Total Current Liabilities | 5,790,820 | 2,110,728 |
FUNDING : ||
Issued Capital: |
Deferred Shares | 7 | 23,191,670 | 23,191,670
Rebate Shares | 1,008,330 | 1,008,330
Share Premium Reserve | 1,756,173 | 1,756,173
Revaluation Reserve | 28,194,798 | 25,863,345
Retained Earnings | - | 2,755,012 | 3,249,692
Total Shareholders Equity | 56,905,983 | 55,069,210 |
Other Funding : |
Deferred Taxation | 4,738,649 | 7,199,536
Industry Loan | 24,523 | -
Total Other Funding | 4,763,172 | 7,199,536 |
TOTAL EQUITY & LIABILITIES | $67,459,975 | $64,379,474 |
For and on behalf of the Board
DIRECTOR .................................. DIRECTOR
DATE 26 August 1999
The accompanying notes form part of these financial statements
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VUW Te Waharoa —
NZ Gazette 1999, No 126
NZLII —
NZ Gazette 1999, No 126
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🏭 Statement of Financial Position for Electricity Ashburton Limited
🏭 Trade, Customs & Industry26 August 1999
Financial Statement, Assets, Liabilities, Equity, Electricity Ashburton Limited
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