New Zealand Gazette – 2003 – No. 106

Page 2796

✨ Financial Statements



2796

NEW ZEALAND GAZETTE

No. 106

ELECTRICITY ASHBURTON LTD – LINES BUSINESS

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2003

Note 2003 $ 2002 $
CURRENT ASSETS
Bank 0 0
Inventory 2,230,324 2,608,552
Receivables and Prepayments 2,279,082 2,467,019
Total Current Assets 4,509,406 5,075,571
NON CURRENT ASSETS
Investments
Ashburton Aquatic Park Trust Loan 300,000 300,000
Fixed Assets 9
Distribution System 88,932,728 81,842,328
Land & Buildings 2,696,765 2,662,943
Motor Vehicles 121,589 106,190
Plant, Furniture & Equipment 856,695 632,247
Work in Progress 1,801,363 695,633
Total Non Current Assets 94,709,138 86,239,341
TOTAL ASSETS $99,218,544 $91,314,912
CURRENT LIABILITIES
Bank Overdraft 2,769,858 2,298,227
Provision for Taxation 0 40,411
Creditors 1,816,572 1,823,567
Total Current Liabilities 4,586,430 4,162,205
NON CURRENT LIABILITIES
Deferred Taxation 8,691,551 7,318,380
Bank Loan 17,750,000 12,000,000
Total Non Current Liabilities 26,441,551 19,318,380
SHAREHOLDERS’ FUNDS
Deferred Shares 28,750,000 28,750,000
Rebate Shares 1,250,000 1,250,000
Non Allocated Shares (111,300) (124,500)
Reserves 34,743,906 34,743,906
Retained Earnings 3,557,957 3,214,721
Total Shareholders Funds 68,190,563 67,834,327
TOTAL EQUITY AND LIABILITIES $99,218,544 $91,314,912

For and on behalf of the Board

Date: 30 July 2003
DIRECTOR Edna Glass. DIRECTOR [Signature]

The accompanying notes form part of these financial statements



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VUW Te Waharoa — PDF NZ Gazette 2003, No 106


Gazette.govt.nz — PDF NZ Gazette 2003, No 106




✨ LLM interpretation of page content

🌾 Certification of Financial Statements for Electricity Ashburton Limited (continued from previous page)

🌾 Primary Industries & Resources
30 July 2003
Financial statements, Certification, Electricity Ashburton Limited, Audited, Compliance
  • Edna Glass, Director signing financial statements