✨ Financial Statements
3048 NEW ZEALAND GAZETTE No. 118
There are 28,750,000 deferred shares held by the Ashburton District Council and these have the following conditions attached to them.
(a) There is no right to distributions, dividends or rebates.
(b) There is a right to vote if the rights attached to the deferred shares are to be altered or there is a proposal which would change the control of the Company or the rights of the Council are not carried forward on an amalgamation.
(c) The shares are not transferable except to another local authority or if 25% of the voting shares are controlled by one person.
(d) The right to an equal distribution with the holders of the rebate shares on a winding up of the Company.
The Share capital of $29,903,000 is the total shareholding in Electricity Ashburton Limited.
CURRENT ASSETS
| 2001 | 2000 | |
|---|---|---|
| a) Cash and bank balances | 1,621,798 | 870,963 |
| b) Short term investments | 0 | 0 |
| c) Inventories | 1,744,461 | 1,225,507 |
| d) Accounts receivable | 1,833,601 | 1,814,763 |
| e) Other current assets | ||
| not listed in (a to d) | 0 | 42,760 |
| f) Total Current Assets | 5,199,860 | 3,953,993 |
- Included in the trade debtors total is an amount of $50,000 being the residual debt owing for 50,000 shares in RDR Management Limited to be transferred to the Ashburton Community Water Trust.
CURRENT LIABILITIES
| 2001 | 2000 | |
|---|---|---|
| a) Bank overdraft | 0 | 0 |
| b) Short term borrowings | 0 | 0 |
| c) Payables and accruals | 4,766,568 | 3,160,000 |
| d) Provision for dividend | 0 | 1,116,700 |
| payable | ||
| e) Provision for income | 211,179 | 0 |
| tax | ||
| f) Other current liabilities | ||
| not listed in (a to e) | 0 | 0 |
| g) Total Current Liabilities | 4,977,747 | 4,276,700 |
NON CURRENT LIABILITIES
| 2001 | 2000 | |
|---|---|---|
| a) Payroll and accruals | 0 | 0 |
| b) Borrowings | 0 | 0 |
| c) Deferred tax | 6,336,320 | 5,458,289 |
| d) Other non current liabilities | ||
| not listed in (a to c) | 0 | 7,325 |
| e) Total Non Current Liabilities | 6,336,320 | 5,465,614 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 118
Gazette.govt.nz —
NZ Gazette 2001, No 118
✨ LLM interpretation of page content
💰 Deferred Shares Conditions and Share Capital
💰 Finance & RevenueDeferred shares, Share capital, Ashburton District Council, Electricity Ashburton Limited
💰 Current Assets
💰 Finance & RevenueCash and bank balances, Short term investments, Inventories, Accounts receivable, Trade debtors, RDR Management Limited, Ashburton Community Water Trust
💰 Current Liabilities
💰 Finance & RevenueBank overdraft, Short term borrowings, Payables and accruals, Provision for dividend, Provision for income tax
💰 Non-Current Liabilities
💰 Finance & RevenuePayroll and accruals, Borrowings, Deferred tax, Other non-current liabilities