NEW ZEALAND GAZETTE

No. 164

BULLER ELECTRICITY LIMITED – LINE BUSINESS

10. Disclosure of Information to be Disclosed in Financial Statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999 Part 2 of Schedule 1

(i) Current Assets

(a) Bank, cash, short-term investments | 1,467,166 | 54,381 |
(b) Trade Debtors | 427,271 | 217,243 |
(c) Other Debtors | 5,217 | 1,403 |
(d) Prepayments | 0 | 0 |
(e) Electricity hedges | 0 | 0 |
(f) Other current assets not listed in (a) to (e) | 368,005 | 11,533 |
(g) Total current assets | 2,267,659 | 284,560 |

(ii) Fixed Assets

a) System fixed assets | 12,945,559| 4,119,828 |
(b) Centralised load control equipment | 257,952 | 262,598 |
(c) Customer billing and information system assets | 50,573 | 17,917 |
(d) Motor vehicles | 48,272 | 29,290 |
(e) Office equipment | 62,543 | 52 |
(f) Land & buildings | 184,398 | 216,837 |
(g) Capital works under construction | 0 | 0 |
(i) Subtransmission assets (transfer payments) | 754 | 0 |
(ii) Zone substations (transfer payments) | 0 | 0 |
(iii) Distribution lines & cables (transfer payments) | 0 | 42,022 |
(iv) Medium voltage switchgear (transfer payments) | 0 | 0 |
(v) Distribution transformers (transfer payments) | 0 | 0 |
(vi) Distribution substations (transfer payments) | 0 | 0 |
(vii) Low voltage lines and cables (transfer payments) | 0 | 0 |
(viii) Other system fixed assets (transfer payments) | 0 | 0 |
(h) Other fixed assets not listed in (a) to (g) | 980 | 1,081 |
(i) Total fixed assets listed in (a) to (g) | 13,551,031| 4,689,625 |
(j) Other tangible assets not listed above | 154,151 | 132,443 |

(iii) Total Intangible Assets

(a) Goodwill | 15,972,841| 5,106,628 |
(b) Other intangible not listed in (a) | 0 | 0 |
(c) Total intangible | 0 | 0 |

(iv) Total Assets

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

(v) Current Liabilities

(a) Accounts payable | 161,836 | 126,708 |
(b) Accrued payroll | 6,255 | 2,318 |
(c) Other accruals | 90,415 | 117,375 |
(d) Dividend provision | 258,762 | 135,879 |
(e) Electricity hedges | 0 | 0 |
(f) Other current liabilities not listed in (a) to (e) | 154,093| 107,317 |
(g) Total current liabilities | 671,361 | 489,597 |

(vi) Funding

(a) Long term debt | 0 | 0 |
(b) Equity | 15,301,480| 4,617,031 |
(c) Other funding not listed in (a) or (b) | 0 | 0 |
(d) Total funding | 15,301,480| 4,617,031 |

(vii) Total Equity and Liabilities (Total Assets)

Total Equity and Liabilities | 15,972,841| 5,106,628 |

The accompanying notes form part of these financial statements