✨ Financial Statements




NEW ZEALAND GAZETTE

No. 186

Natural Gas Corporation – Gas Transmission Activities

Statement of Financial Position

As at 30 June 1999

For the purposes of the Gas (Information Disclosure) Regulations 1997
Note $Thousands
1999 1998

Fixed and Long Term Assets

Fixed Assets 4 389,865 394,197
Deferred Expenditure 5 8,541 9,866
Total Non Current Assets 398,406 404,063

Current Assets

Cash and Short Term Deposits 6 18 -
Accounts Receivable 9,254 9,607
Inventories – Consumable Spares 980 898
Total Current Assets 10,252 10,505
Total Assets 408,658 414,568

Equity

Notional Reserves 7 348,850 352,272
Total Equity 348,850 352,272

Non Current Liabilities

Deferred Income 8 3,619 5,529
Deferred Taxation 51,446 51,090
Total Non Current Liabilities 55,065 56,619

Current Liabilities

Bank Overdraft - 25
Accounts Payable and Accruals 3,650 4,574
Current Taxation 1,093 1,078
Total Current Liabilities 4,743 5,677
Total Liabilities and Equity 408,658 414,568


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Natural Gas, Financial Performance, Gas (Information Disclosure) Regulations 1997