New Zealand Gazette – 1999 – No. 128

Page 3085

✨ Financial Statements



20 SEPTEMBER NEW ZEALAND GAZETTE 3085

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 1999

1999 1998
$000 $000
  1. Retained Earnings

Opening Balance (Refer Accounting Policies 1.8) (434) 6,982
Dividend from Other Business Activities - 783
Net Surplus 3,196 2,024

Total Retained Earnings 2,762 9,789

  1. Fixed Assets
Cost or Valuation Accumulated Depreciation Book Value Book Value
($000) ($000) 31.03.99 31.03.98
($000) ($000)
Distribution System 81,874 - 81,874 28,507
Load Control Equipment 3,063 - 3,063 -
Land - - - 747
Buildings - - - 3,682
Motor Vehicles 929 770 159 287
Computer Equipment 1,527 903 624 -
Plant & Equipment 495 184 311 518
Furniture & Fittings 262 134 128 106
Total 88,150 1,991 86,159 33,847
  1. Receivables
1999 ($000) 1998 ($000)
Lines Receivables 1,418 2,032
Prepayments 349 -
Other 245 423

Total Receivables | 2,012 | 2,455 |

  1. Accounts Payable and Accruals
1999 ($000) 1998 ($000)
Accounts Payable 750 1,562
Accrued Payroll 121 27
Other 283 -

Total Accounts Payable and Accruals | 1,154 | 1,589 |

  1. Related Parties Disclosure

(i) MainPower Trust

The major related party of MainPower is the MainPower Trust and during the current financial year there were no related party transactions and no related party debts written off or forgiven and no transaction took place at nil or nominal value.



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✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Retained Earnings, Fixed Assets, Receivables, Accounts Payable, Related Parties, MainPower New Zealand Ltd