✨ Financial Statements




5 NOVEMBER NEW ZEALAND GAZETTE 3927

BULLER ELECTRICITY LIMITED – LINE BUSINESS

STATEMENT OF FINANCIAL POSITION AS AT MARCH 31 1999

Line Business
1999 Note 1998
$ $

Shareholders Equity

Share Capital 4,964,358 3,573,579
Reserves 9,338,799 (8) 306,867
Retained Earnings 998,323 736,585

| Total Equity | 15,301,480 | | 4,617,031|

Represented by:

Assets

Current Assets

Cash and Bank 1,467,166 54,381
Accounts Receivable and Prepayments 432,488 (4) 218,646
Tax Refund Due 368,005 11,533

| | 2,267,659 | | 284,560 |

Non Current Assets

Long Term Investments 154,151 (9) 132,443
Fixed Assets 13,551,031 4,689,625

| | 13,705,182 | | 4,822,068|

| Total Assets | 15,972,841| | 5,106,628|

Liabilities

Current Liabilities

Accounts Payable 258,506 (5) 246,401
Deferred Tax 154,093 107,317
Provision for Dividend 258,762 135,879

| Total Liabilities | 671,361 | | 489,597|

| Net Assets | 15,301,480| | 4,617,031|

For and on Behalf of the Board

Directors:

Signature M Sawyers Signature F T Dooley

The accompanying notes form part of these financial statements



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🏭 Buller Electricity Limited Financial Performance (continued from previous page)

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Electricity, Financial Statements, Buller Electricity Limited
  • M Sawyers, Director
  • F T Dooley, Director