✨ Financial Statements




POWERCO

ELECTRICITY DIVISION

Statement of Financial Position

As at 31 March 2003

Notes 31 March 2003 31 March 2002
$'000 $'000

Equity

Share capital | 431,359 | 254,378 |
Retained earnings| 11,506 | 2,251 |
| 442,865 | 256,629 |

Non Current Liabilities

Redeemable bonds | 86,615 | 84,460 |
Capital bonds | 49,212 | - |
Commercial paper | 60,605 | 71,107 |
Commercial bank debt | 347,928 | - |
Current account | (40,231) | (26,621) |
Deferred taxation | - | (1,134) |
Funding Facility | (256,787) | (3,032) |
| 247,342 | 124,780 |

Current Liabilities

Accounts payable & accruals | 18,790 | 6,057 |
Tax payable | 27,138 | 14,359 |
| 45,928 | 20,416 |

Total Equity and Liabilities | $736,135 | $401,825 |

Non Current Assets

Property, plant and equipment | 718,932 | 390,604 |

Current Assets

Receivables | 17,203 | 11,221 |
| 17,203 | 11,221 |

Total Assets | $736,135 | $401,825 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 115


Gazette.govt.nz PDF NZ Gazette 2003, No 115





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🏭 Powerco Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
21 August 2003
Electricity, Financial Statements, Equity, Liabilities, Assets, Powerco Limited