β¨ 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 —
NZ Gazette 2003, No 115
Gazette.govt.nz —
NZ Gazette 2003, No 115
β¨ LLM interpretation of page content
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Powerco Limited Financial Statements
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π Trade, Customs & Industry21 August 2003
Electricity, Financial Statements, Equity, Liabilities, Assets, Powerco Limited