β¨ Financial Statements
30 NOVEMBER
NEW ZEALAND GAZETTE
3979
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2001
3. CURRENT ASSETS
| LINES BUSINESS 2001 $000 | LINES BUSINESS 2000 $000 | |
|---|---|---|
| Cash and bank | 29 | 23 |
| Short term investments | 87,127 | 77,002 |
| Trade receivables | 29,743 | 4,343 |
| Provision for current tax | - | - |
| Deferred tax | 1,155 | - |
| Other receivables | - | - |
| Stocks of materials | 24,805 | 24,430 |
| Prepayments | 349 | 754 |
| Total current assets | 142,808 | 106,552 |
Related Party Transactions
Included in trade receivables:
| $000 | $000 | |
|---|---|---|
| ECNZ | ||
| Mighty River Power Limited | 81 | 233 |
| Meridian Energy Limited | 96,594 | 61,724 |
| Genesis Power Limited | 253 | 211 |
| 96,928 | 62,168 |
Reconciliation of provision for current tax:
- Balance at the beginning of the year: (4,343) | 2,548
- Tax payable in the current year (refer Note 7): 20,883 | 38,457
- Provisional tax payments made during the year: (47,452) | (48,769)
- Under provision in prior years: 1,169 | 411
- Balance at the end of the year: (29,743) | (4,343)
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 163
Gazette.govt.nz —
NZ Gazette 2001, No 163
β¨ LLM interpretation of page content
π
Transpower New Zealand Limited Lines Business Financial Position
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Taxation, Operating Surplus, Tax Expense, Deferred Tax, Imputation Credits