Financial Statements




STATEMENT OF FINANCIAL POSITION

as at 31 March 2001

2001 2000
$000 $000

Current assets

Cash and bank balances | 5,658 | 8,350 |
Short term investments | - | - |
Inventories | 1,431 | 1,291 |
Accounts receivable | 2,740 | 1,594 |
(Notes 3, 4) | | |
Other current assets | - | - |

Total current assets | 9,829 | 9,235 |

Fixed assets

System fixed assets | 11,655 | 10,994 |
Consumer billing and information system assets | 125 | 181 |
Motor vehicles | 123 | 137 |
Office equipment | 185 | 84 |
Land and buildings | 2,634 | 3,182 |
Capital works under construction | 158 | 189 |
Other fixed assets | - | 15 |

Total fixed assets (Notes 6, 7) | 14,886 | 14,912 |

Other tangible assets

Total tangible assets | 24,725 | 24,151 |

Intangible assets

Goodwill | - | - |
Other intangibles | - | - |

Total intangible assets | - | - |

Total assets | 24,725 | 24,151 |

Current liabilities

Bank overdraft | - | - |
Short-term borrowings | - | - |
Payables and accruals (Note 5) | 1,271 | 2,610 |
Provision for dividends payable | 100 | 100 |
Provision for income tax | 19 | (188) |
Other current liabilities | - | - |

Total current liabilities | 1,389 | 2,522 |

Non-current liabilities

Payables and accruals (Note 5) | 42 | 43 |
Borrowings | - | - |
Deferred tax | (69) | (62) |
Other non-current liabilities | - | - |

Total non-current liabilities| (28) | (19) |

Equity

Shareholders’ equity

Share capital (Note 2) | 8,736 | 8,736 |
Retained earnings | 14,627 | 12,912 |
Reserves | - | - |

Total Shareholders’ equity | 23,364 | 21,648 |

Minority interests in subsidiaries | - | - |

Total equity | 23,364 | 21,648 |

Capital notes | - | - |

Total capital funds | 23,364 | 21,648 |

Total equity and liabilities | 24,725 | 24,151 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 121


Gazette.govt.nz PDF NZ Gazette 2001, No 121





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