New Zealand Gazette – 2001 – No. 72

Page 1713

✨ Financial Statements Disclosure

13 JULY
NEW ZEALAND GAZETTE
1713

NOTE 10. DISCLOSURE OF INFORMATION.

Information to be disclosed in the Financial Statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999 Schedule 1 Part 2

1. Current Assets	2001	2000
(a) Cash and bank balances	1,423,573	2,488,323
(b) Short-term investments	720,000	1,000,000
(c) Inventories	85,578	93,451
(d) Accounts receivable	95,606	154,948
(e) Other current assets not listed in (a) to (d):	-	-
(f) Total Current Assets	2,324,757	3,736,722
2. Fixed Assets
(a) System fixed assets	36,437,405	32,718,590
(b) Customer billing and information system assets	83,817	64,087
(c) Motor vehicles	13,589	13,564
(d) Office equipment	55,204	54,151
(e) Land & buildings	159,360	175,797
(f) Capital works under construction	1,056,805	2,122,856
(g) Other fixed assets not listed in (a) to (f):	107,526	66,960
(h) Total Fixed Assets	37,913,706	35,216,005
3. Other tangible assets not listed above	-	-
4. Total Assets	40,238,463	35,216,005
5. Intangible assets
(a) Goodwill	-	-
(b) Other intangible assets not listed in (a)	-	-
(c) Total Intangible Assets	-	-
6. Total Assets	$ 40,238,463	$ 38,952,727

7. Current Liabilities	2001	2000
(a) Bank overdraft	-	-
(b) Short-term borrowings	-	-
(c) Payables and accruals	1,023,898	1,602,298
(d) Provision for dividends payable	2,000,000	1,750,000
(e) Provision for income tax	(60,956)	168,473
(d) Other Current Liabilities not listed in (a) to (e)	-	-
(g) Total Current Liabilities	2,962,942	3,520,771
8. Non-current Liabilities
(a) Payables and accruals	-	-
(b) Borrowings	-	-
(c) Deferred tax	-	-
(d) Other Current Liabilities not listed in (a) to (c)	-	-
(e) Total Non-current Liabilities	-	-
9. Equity
(a) Shareholders’ equity
(i) Share Capital	13,000,000	13,000,000
(ii) Retained earnings	7,762,937	6,926,812
(iii) Reserves	16,512,584	15,505,144
Total Shareholders’ equity	37,275,521	35,431,956
(b) Minority interests in subsidiaries	-	-
(c) Total equity	37,275,521	35,431,956
(d) Capital notes	-	-
(e) Total capital funds	37,275,521	35,431,956
10. Total equity and liabilities	$ 40,238,463	$ 38,952,727