New Zealand Gazette – 1999 – No. 130

Page 3132

✨ Financial Statement



3132
NEW ZEALAND GAZETTE
No. 130

POWERCO LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 1999

Notes 31 March 1999 Gas Distribution $000 31 March 1998 Gas Distribution $000
EQUITY
Share capital 2 17,219 17,219
Reserves 3
Asset Revaluation Reserves 4 10,318 9,262
Retained earnings 3,650 801
31,187 27,282
NON CURRENT LIABILITIES
Term advances facility 5 842 (8,142)
Commercial Paper 6 11,544
Deferred taxation 1,722 1,558
2,564 4,960
CURRENT LIABILITIES
Overdraft 1,111 39
Accounts payable 703 817
Provision for dividend 76 1,456
Provision for employee entitlements 233 164
2,123 2,476
TOTAL EQUITY AND LIABILITIES $35,874 $34,718
NON CURRENT ASSETS 7
Fixed assets 36,592 29,308
Current account (3,038) 3,905
33,554 33,213
CURRENT ASSETS
Receivables 2,048 1,318
Tax receivable 170 58
Inventories 101 129
2,320 1,505
TOTAL ASSETS $35,874 $34,718


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🏭 Certification of Financial Statements and Performance Measures for Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
Gas, Information Disclosure, Financial Statements, Performance Measures, Powerco Limited