✨ Financial Statements
THE LINES COMPANY LIMITED-LINE BUSINESS ACTIVITY
Disclosure of information to be disclosed in Financial Statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999 Schedule 1 Part 2 as amended by the Electricity (Information Disclosure) Amendment Regulations 2000.
Statement of Financial Position Disclosure (Schedule 1, Part 2)
| 2002 | 2001 | |
|---|---|---|
| $000's | $000's |
1 Current assets
(a) Cash and bank balances | 571 | 1,631 |
(b) Short term investments | - | - |
(c) Inventories | 503 | 278 |
(d) Accounts receivable | 2,374 | 3,300 |
(e) Other current assets not listed in (a) to (d) | - | - |
(f) Total current assets | 3,448 | 5,209 |
2 Fixed assets
(a) System fixed assets | 65,456 | 70,796 |
(b) Consumer billing and information systems | 20 | - |
(c) Motor vehicles | 288 | 139 |
(d) Office equipment | 166 | 86 |
(e) Land and buildings | 670 | 651 |
(f) Capital works under construction | 3,872 | 2,095 |
(g) Other fixed assets not listed in (a) to (f) | 75 | 52 |
(h) Total fixed assets | 70,548| 73,819|
3 Other tangible assets not listed above
| | - | - |
4 Total tangible assets
| | 73,996| 79,028|
5 Intangible assets
(a) Goodwill | - | - |
(b) Other intangibles not listed in (a) | - | - |
(c) Total intangible assets | - | - |
6 Total assets
| | 73,996| 79,028|
7 Current liabilities
(a) Bank overdraft | - | - |
(b) Short-term borrowings | 1,000 | 1,000 |
(c) Payables and accruals | 4,160 | 4,446 |
(d) Provision for dividend payable | 132 | - |
(e) Provision for income tax | - | - |
(f) Other current liabilities not listed in (a) to (e) | 3,459 | 2,806 |
(g) Total current liabilities | 8,751 | 8,252 |
8 Non-current liabilities
(a) Payables and accruals | - | - |
(b) Borrowings | 21,763 | 22,763 |
(c) Deferred tax | 1,117 | 658 |
(d) Other non-current liabilities not listed in (a) to (c) | - | - |
(e) Total non-current liabilities | 22,880 | 23,421|
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 95
Gazette.govt.nz —
NZ Gazette 2002, No 95
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Notes to the Financial Statements for The Lines Company Limited
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