New Zealand Gazette – 2002 – No. 106

Page 2867

✨ Financial Statements

19 AUGUST
NEW ZEALAND GAZETTE
2867

Network Waitaki Limited (Lines)

Statement of Financial Position as at 31 March 2002

Note	2002 $	2001 $
Current assets
Cash and bank balances	431,651	230,613
Short-term investments	6,250,000	5,070,000
Inventories	91,258	135,634
Accounts receivable	342,202	879,780
GST	346	158,681
Provisional Tax	319,971	276,029
Other current assets	8,306	626
Total current assets	7,443,734	6,751,363
Fixed assets
System fixed assets	38,511,744	39,768,268
Consumer billing and information system assets	0	0
Motor vehicles	0	0
Office equipment	98,411	282,648
Land and buildings	0	0
Capital works under construction (system fixed assets)	14,904	25,285
Other fixed assets
Total fixed assets	38,625,059	40,076,201
Other tangible assets not listed above	0	0
Total tangible assets	46,068,793	46,827,564
Intangible assets
Goodwill	0	0
Other intangibles	0	0
Total intangible assets	0	0
Total assets	46,068,793	46,827,564
Current liabilities
Bank overdraft	0	0
Short-term borrowings	996,733	851,510
Payables and accruals	0	0
Provision for dividends payable	0	0
Provision for taxation	0	0
GST	0	0
Other current liabilities	0	0
Total current liabilities	996,733	851,510
Non-current liabilities
Payables and accruals	0	0
Borrowings	0	0
Deferred tax	2,538,144	2,236,064
Other non-current liabilities	0	0
Total non-current liabilities	2,538,144	2,236,064
Equity
Shareholders’ equity
Share capital	7,368,870	7,368,870
Retained earnings	6,381,900	6,027,974
Reserves	28,783,146	30,343,146
Total Shareholders’ equity	42,533,916	43,739,990
Minority interests in subsidiaries	0	0
Total equity	42,533,916	43,739,990
Capital notes	0	0
Total capital funds	42,533,916	43,739,990
Total equity and liabilities	46,068,793	46,827,564