New Zealand Gazette – 2003 – No. 108

Page 2837

✨ Financial Statements



THE POWER COMPANY LIMITED LINE BUSINESS

STATEMENT OF FINANCIAL POSITION

As at 31 MARCH 2003

Note 31 March 2003 31 March 2002
$'000 $'000

Equity

| | 3 | 155,859 | 155,510 |

Represented By:

Current Assets

| Receivables and Prepayments | 4 | 1,627 | 1,639 |
| Inventories | | 73 | 305 |
| Taxation Refund | | 45 | - |

| Total Current Assets | | 1,745 | 1,944 |

Non-Current Assets

| Property, Plant and Equipment | 5 | 161,522 | 159,933 |
| Capital Work in Progress | | 4,078 | 4,059 |

| Total Non-Current Assets | | 165,600 | 163,992 |

| Total Assets | | 167,345 | 165,936 |

Current Liabilities

| Bank Overdraft | | 6,866 | 1,413 |
| Accounts Payable and Provisions | 6 | 3,420 | 3,677 |
| Provision for Taxation | | - | 237 |

| Total Current Liabilities | | 10,286 | 5,327 |

Non Current Liabilities

| Term Loan | | 1,200 | 5,099 |

| Total Non Current Liabilities | | 1,200 | 5,099 |

| Total Liabilities | | 11,486 | 10,426 |

| Net Assets | | 155,859 | 155,510 |

A B Harper
Chairman of Directors

D Buckingham
Director

For and on behalf of the
Board of Directors

6 August 2003

The accompanying statement of accounting policies and notes on pages 7 to 15 form part of and should be read in conjunction with these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 108


Gazette.govt.nz — PDF NZ Gazette 2003, No 108




✨ LLM interpretation of page content

🏭 Financial Performance Statement of The Power Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
6 August 2003
Financial Statements, Revenue, Expenses, Taxation, The Power Company Limited
  • A B Harper, Chairman of Directors
  • D Buckingham, Director