Financial Statements




NEW ZEALAND GAZETTE

No. 95

Statement of Financial Position

As at 31 March 1999

As required under the Electricity (Information Disclosure) Regulations 1999

| Note | 1999
| $000 | 1998
| $000 |
|------|------------|---------------|
| Equity | | |
| | 4 | 31,181 | 29,531 |

Current Liabilities:

| ANZ Banking Group Creditors | 5 | 1,223 | 282 |
| Long Term Debt | | - | - |
| Long Term Funding | | 1,223 | 282 |

| Total Shareholder’s Funds and Liabilities | | 32,404 | 29,813 |

Current Assets

| Cash and Bank | | 212 | 85 |
| Debtors and Prepayments | 6 | 34 | 542 |
| Inventories | 7 | 392 | 7 |
| Investments – Short Term | 9 | 2,990 | - |
| Provision for Taxation | | - | - |

| Total Current Assets | | 3,628 | 634 |

Fixed Assets

| | 8 | 27,950 | 28,953 |
| Investments | 9 | 91 | 151 |
| Future Tax Benefits | 3 | 735 | 75 |

| Total Non-Current Assets | | 28,776 |

| Total Tangible Assets | | 32,404 | 29,813 |
| Goodwill | | - | - |

| Total Assets | | 32,404 | 29,813 |



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