New Zealand Gazette – 1999 – No. 92

Page 2180

✨ Financial Statements



2180 NEW ZEALAND GAZETTE No. 92

WAIPA POWER LIMITED - LINE BUSINESS

5 RESERVES

Capitalisation of Assets Reserve

Balance at begining of year                            1,705,826          1,705,826
Transfer to Owners for Investing Activities            1,000,000          -
Balance at end of year                                705,826            1,705,826

Revaluation of Assets Reserve

Balance at beginning of year                         32,827,736         32,827,736
Asset Revaluation Reticulation                        884,582            -
Balance at end of year                               33,712,318         32,827,736

Total Reserves 34,418,144 34,533,562

6 RETAINED EARNINGS

Balance at beginning of year                          2,449,631          1,512,170
Net Surplus after Taxation                            3,001,433          2,190,142
Interim Dividend                                      460,000          661,917
Proposed final Dividend                             1,466,498          590,764
Balance at end of year                                3,524,566          2,449,631

7 RECEIVABLES

Trade debtors                                     1,348,181          873,503
Provision for Doubtful Debts                             -             (10,406)
                                                 1,348,181          863,097
Accrued Income                                      2,884              433
Prepayments                                        26,309            6,896
                                                 1,377,374          870,426


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✨ LLM interpretation of page content

🏭 Notes to Financial Statements for Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Net Surplus, Taxation, Share Capital, Financial Statements