New Zealand Gazette – 1999 – No. 185

Page 4387

✨ Financial Statements



3 DECEMBER NEW ZEALAND GAZETTE

6. Share Capital

Authorised Capital:

1999 1998
Distribution - 5,264,435 Ordinary shares of $1 each Fully Paid Up $5,264,435 $5,264,435
Retail - 199,835 Ordinary shares of $1 each Fully Paid Up $199,835 $199,835

7. Long Term Liabilities

Distribution Retail
1999 1998
$ $
Westpac Banking Corporation
Multi Option Credit Line Facility $5,406,478 $4,024,655
Less Current Portion $- $-
Long-Term Portion $5,406,478 $4,024,655

Term: Three years to December 1999
Repayments: The Term Loan matures in December 1999. The intention is to roll forward the Term Debt beyond the next 12 months.
Security: First ranking debenture providing for fixed and floating charges over all assets.
Average Interest Rate Over Year: 7.06%

8. Imputation Credit Account

Distribution Retail
1999 1998
$ $
Opening Balance $1,354,400 $1,170,696

PLUS:

| Income tax paid | $411,404 | $475,225 | $51,357 | $96,682 |
| Imputations on dividends received | $ - | $ - | $ - | $ - |

LESS:

| Terminal Tax Refund | $- | $17,633 | $- | $3,587 |
| Imputations Attached to Dividends Paid | $1,143,817 | $273,888 | $186,034 | $46,262 |

| Balance 30 June 1999 | $621,987 | $1,354,400 | $42,009 | $92,669 |



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Wanganui Gas Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Share Capital, Long Term Liabilities, Imputation Credit Account, Wanganui Gas Limited