New Zealand Gazette – 2000 – No. 104

Page 2594

✨ Financial Statements



2594 NEW ZEALAND GAZETTE No. 104

MARLBOROUGH LINES LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORD WITH THE
ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1999
and Amendment Regulations 2000

STATEMENT OF FINANCIAL PERFORMANCE
For the Year ended 31 March 2000

Notes 2000 1999
$000 $000
REVENUE 2 19,706 13,517
NET SURPLUS BEFORE TAX 3,440 1,562
LESS TAXATION EXPENSE 1,172 587
NET SURPLUS AFTER TAX 2,268 975

STATEMENT OF MOVEMENTS IN EQUITY
For the Year Ended 31 March 2000

EQUITY AT BEGINNING OF YEAR 14,878 15,534
Net surplus for Year 2,268 975
less dividend (100) -
Total Recognised Revenues and Expenses For The Period 2,168 975
Change in Equity due to removal of Metering/Investment Assets 110 (1,631)
Increase in equity due to sale of Metering assets 4,492 -
Adjustment from previous year (0) -
EQUITY AT END OF YEAR 21,648 14,878

STATEMENT OF FINANCIAL POSITION
As at 31 March 2000

EQUITY
Share capital 3 8,736 7,105
Retained earnings 12,912 7,773
TOTAL EQUITY 21,648 14,878

Represented By:

CURRENT ASSETS
Cash and Bank 6,350 1,758
Receivables and prepayments 4 1,594 393
Inventories 5 1,291 1,192
Provision for tax and deferred tax 62 554
9,297 3,897

CURRENT LIABILITIES
Creditors 6 2,610 2,281
Provision for tax (188) -
Term Debt - External 7 - 3,200
Term Debt - Internal 100 -
Dividend 6 43 97
Employee entitlements 2,565 5,578
NET CURRENT ASSETS 6,732 (1,681)

NON-CURRENT ASSETS
Fixed assets 8 14,916 16,559
NET ASSETS 21,648 14,878



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 104


Gazette.govt.nz — PDF NZ Gazette 2000, No 104




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