New Zealand Gazette – 2002 – No. 108

Page 2910

✨ Financial Statements



2910

NEW ZEALAND GAZETTE

No. 108

ELECTRICITY ASHBURTON LTD – LINES BUSINESS
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2002

Note 2002 2001
$ $
CURRENT ASSETS 7
Bank 0 1,621,798
Inventory 2,608,552 1,744,461
Receivables and Prepayments 2,467,019 1,833,601
Total Current Assets 5,075,571 5,199,860

NON CURRENT ASSETS
Investments
Ashburton Aquatic Park Trust Loan | | 300,000 | 300,000

Fixed Assets | 9 | |
Distribution System | | 81,842,328 | 66,798,447
Land & Buildings | | 2,662,943 | 2,368,425
Motor Vehicles | | 106,190 | 108,503
Plant, Furniture & Equipment | | 632,247 | 682,543
Work in Progress | | 695,633 | 3,364,307
Total Non Current Assets | | 86,239,341 | 73,622,225

TOTAL ASSETS | | $ 91,314,912 | $ 78,822,085

CURRENT LIABILITIES | 8 | |
Bank Overdraft | | 2,298,227 | 0
Provision for Taxation | | 40,411 | 211,179
Creditors | | 1,823,567 | 4,766,568
Total Current Liabilities | | 4,162,205 | 4,977,747

NON CURRENT LIABILITIES
Deferred Taxation | 4 | 7,318,380 | 6,336,320
Bank Loan | 10 | 12,000,000 | 0
Total Non Current Liabilities | | 19,318,380 | 6,336,320

SHAREHOLDERS' FUNDS | 6 | |
Deferred Shares | | 28,750,000 | 28,750,000
Rebate Shares | | 1,250,000 | 1,250,000
Non Allocated Shares | | (124,300) | (96,400)
Reserves | | 34,743,906 | 34,117,182
Retained Earnings | | 3,214,721 | 3,487,236
Total Shareholders Funds | | 67,834,327 | 67,508,018

TOTAL EQUITY AND LIABILITIES | | $ 91,314,912 | $ 78,822,085

For and on behalf of the Board

Eden Glass.

Date: 31 July 2002

DIRECTOR

DIRECTOR

The accompanying notes form part of these financial statements



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 108


Gazette.govt.nz — PDF NZ Gazette 2002, No 108




✨ LLM interpretation of page content

🏭 Electricity Ashburton Limited - Lines Business Statement of Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
31 July 2002
Electricity, Financial Statements, Equity, Liabilities, Ashburton
  • Eden Glass, Director