New Zealand Gazette – 2000 – No. 91

Page 2216

✨ Financial Statement

2216
NEW ZEALAND GAZETTE
No. 91

Network Waitaki Limited (Lines)

Statement of Financial Position as at 31 March 2000

Note	2000 $	1999 $
Current assets
Cash and bank balances	143,987	84,942
Short-term investments	4,100,000	4,900,000
Inventories	51,830	81,233
Accounts receivable	841,761	642,445
Other current assets	1,594	0
Total current assets	5,139,172	5,708,620
Fixed assets
System fixed assets	39,632,431	7,614,493
Consumer billing and information system assets	0	0
Motor vehicles	13,022	88,722
Office equipment	245,994	193,704
Land and buildings	598,511	298,182
Capital works under construction (system fixed assets)	1,322	1,222
Other fixed assets	0	0
Total fixed assets	40,491,280	8,196,323
Other tangible assets not listed above	0	0
Total tangible assets	45,630,452	13,904,943
Intangible assets
Goodwill	0	0
Other intangibles	0	0
Total intangible assets	0	0
Total assets	45,630,452	13,904,943

| Current liabilities | | |
| Bank overdraft | 0 | 0 |
| Short-term borrowings | 0 | 0 |
| Payables and accruals | 357,658 | 399,767 |
| Provision for dividends payable | 0 | 0 |
| Provision for income tax | 0 | 0 |
| Other current liabilities | 29,416 | 179,855 |
| Total current liabilities | 387,074 | 579,622 |
| Non-current liabilities | | |
| Payables and accruals | 0 | 0 |
| Borrowings | 0 | 500,000 |
| Deferred tax | 2,356,010 | 173,562 |
| Other non-current liabilities | 0 | 0 |
| Total non-current liabilities | 2,356,010 | 673,562 |
| Equity | | |
| Shareholders’ equity | | |
| Share capital | 7,368,870 | 7,368,870 |
| Retained earnings | 5,300,507 | 4,982,281 |
| Reserves | 30,217,991 | 300,608 |
| Total Shareholders’ equity | 42,887,368 | 12,651,759 |
| Minority interests in subsidiaries | 0 | 0 |
| Total equity | 42,887,368 | 12,651,759 |
| Capital notes | 0 | 0 |
| Total capital funds | 42,887,368 | 12,651,759 |
| Total equity and liabilities | 45,630,452 | 13,904,943 |