✨ Financial Statements




17 DECEMBER NEW ZEALAND GAZETTE 4639

NELSON ELECTRICITY LIMITED

Statement of Financial Position as at 31 March 1999

1999 1998
Line Business Line
$000 $000 $000

EQUITY

Share Capital 5 3,702 5,000
Retained Earnings 830 1,163


                                 4,532          6,163

Represented by

CURRENT ASSETS

Bank and Cash 2,001 2,439
Accounts Receivable 780 597
Tax Refund Due 476


                                 3,257          3,036

CURRENT LIABILITIES

Creditors 129 132


                                  129            132

Working Capital 3,128 2,904

NON CURRENT ASSETS

Fixed Assets 6 3,543 5,140


                                 3,543          5,140

NON CURRENT LIABILITIES

Deferred Taxation 4 344 87
Term Loans 7 1,795 1,794


                                 2,139          1,881

NET ASSETS

                                 4,532          6,163

The Accompanying Notes form an Integral part of These Financial Statements



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