✨ Financial Statements
HAWKE'S BAY NETWORK LIMITED - LINES BUSINESS
STATEMENT OF FINANCIAL POSITION
As at 31 March 2001
| Notes | 2001 | 2000 | |
|---|---|---|---|
| $'000 | $'000 | ||
| EQUITY | |||
| Share Capital | 7 | 66,661 | 66,661 |
| Asset Revaluation Reserve | 13 | 63,643 | 49,964 |
| Retained Earnings | 14 | 1,180 | (1,755) |
| 131,484 | 114,870 |
Represented by:
NON CURRENT ASSETS
| | | | |
| Fixed Assets | 11 | 124,575 | 110,240 |
| Capital Work In Progress | | 1,816 | 710 |
| | | 126,391 | 110,950 |
CURRENT ASSETS
| | | | |
| Cash and Short Term Investments | | 5,608 | 3,738 |
| Receivables and Prepayments | 8 | 3,477 | 3,751 |
| Inventories | | 603 | 751 |
| Fixed Assets Intended For Sale | 20 | 1,502 | - |
| | | 11,190 | 8,240 |
TOTAL ASSETS
| | | 137,581 | 119,190 |
NON CURRENT LIABILITIES
| | | | |
| Term Debt | 9 | 1,000 | 1,000 |
CURRENT LIABILITIES
| | | | |
| Accounts Payable and Accruals | | 2,968 | 2,703 |
| Taxation Payable | 3 | 960 | - |
| Employee Entitlements | | 1,169 | 617 |
| | | 5,097 | 3,320 |
TOTAL LIABILITIES
| | | 6,097 | 4,320 |
NET ASSETS EMPLOYED
| | | 131,484 | 114,870 |
The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1999.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 85
Gazette.govt.nz —
NZ Gazette 2001, No 85
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Hawke's Bay Network Limited Financial Statements Disclosure
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