New Zealand Gazette – 2001 – No. 118

Page 3041

✨ Electricity Financial Statements

ELECTRICITY ASHBURTON LIMITED - LINES BUSINESS

STATEMENT OF FINANCIAL POSITION

FOR THE YEAR ENDED 31 MARCH 2001

	Note	2001 $	2000 $
SHAREHOLDERS' FUNDS
Deferred Shares		28,750,000	25,956,173
Rebate Shares		1,250,000	0
Non Allocated Shares		(96,400)	0
Reserves		34,117,182	30,663,221
Retained Earnings		3,487,236	2,815,735
TOTAL SHAREHOLDERS' FUNDS	8	67,508,018	59,435,129

Represented By:

	Note	2001 $	2000 $
CURRENT ASSETS
Bank		1,621,798	870,963
Inventory		1,744,461	1,225,507
Receivables and Prepayments		1,833,601	1,814,763
Tax Refund Due		0	42,760
Total Current Assets	9	5,199,860	3,953,993

	Note	2001 $	2000 $
CURRENT LIABILITIES
Provision for Taxation		211,179	0
Creditors		4,766,568	3,160,000
Provision for Dividend		0	1,116,700
Total Current Liabilities	10	4,977,747	4,276,700

NET CURRENT ASSETS | | 222,113 | (322,707) |

	Note	2001 $	2000 $
NON CURRENT ASSETS
Investments
Ashburton Aquatic Park Trust Loan	12	300,000	0
Fixed Assets	11
Distribution System		66,798,447	61,829,582
Land & Buildings		2,368,425	2,339,759
Motor Vehicles		108,503	161,251
Plant, Furniture & Equipment		682,543	793,031
Work in Progress		3,364,307	99,827
Total Non Current Assets		73,622,225	65,223,450

	Note	2001 $	2000 $
NON CURRENT LIABILITIES
Deferred Taxation	6	6,836,320	5,458,289
Industry Loan	12	0	7,325
Total Non Current Liabilities		6,836,320	5,465,614

TOTAL EQUITY AND LIABILITIES | | 67,508,018 | 59,435,129 |

Cole Glassey

R.W Gray

For and on behalf of the Board

Date: 22 August 2001

DIRECTOR DIRECTOR

The accompanying notes form part of these financial statements

VUW Te Waharoa — NZ Gazette 2001, No 118

Gazette.govt.nz — NZ Gazette 2001, No 118

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✨ LLM interpretation of page content

🏭 Certification of Financial Statements, Performance Measures, And Statistics Disclosed by Line Owners other than Transpower (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated22 August 2001
KeywordsElectricity, Financial Statements, Performance Measures, Certification, Ashburton Limited
👩‍💼 Officials

Cole Glassey
R.W Gray

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