New Zealand Gazette – 2003 – No. 54

Page 1406

✨ Financial Statements

1406 NEW ZEALAND GAZETTE No. 54

2.2 STATEMENT OF FINANCIAL POSITION

As at 31 December 2002

	Notes	2002 ($'000)	2001 ($'000)
EQUITY
Share capital	5	1,108	(3,175)
Reserves	6	-	-
Total equity		1,108	(3,175)

| CURRENT ASSETS | | | |
| Cash and bank balances | | 14 | 1,158 |
| Accounts receivable | 7 | 2,555 | 4,286 |
| Total current assets | | 2,569 | 5,444 |

| CURRENT LIABILITIES | | | |
| Bank overdraft | | 119 | - |
| Accounts payable | 8 | 7,983 | 14,718 |
| Total current liabilities | | 8,102 | 14,718 |

| NON-CURRENT ASSETS | | | |
| Term prepayments | | 4,251 | 5,488 |
| Advance – employee share ownership plans | | - | 711 |
| Property, plant and equipment | 9 | 163,470 | 263,633 |
| Intangible assets | 10,11 | 152,822 | 274,133 |
| Future income tax asset | 4 | - | 1,660 |
| Total non-current assets | | 320,543 | 545,625 |

| NON-CURRENT LIABILITIES | | | |
| Future income tax liability | 4 | 126 | - |
| Borrowings | 12 | 313,776 | 539,526 |
| Total non-current liabilities | | 313,902 | 539,526 |

| Net assets | | 1,108 | (3,175) |

The accompanying notes and accounting policies form part of and are to be read in conjunction with this statement.

VUW Te Waharoa — NZ Gazette 2003, No 54

Gazette.govt.nz — NZ Gazette 2003, No 54

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✨ LLM interpretation of page content

🏭 UnitedNetworks Limited Gas Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated14 May 2003
KeywordsGas, Information Disclosure, Regulations, UnitedNetworks Limited, Financial Statements, Certification

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