✨ Financial Statement




HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

STATEMENT OF FINANCIAL POSITION

As at 31 March 2003

NOTE Lines Business 2003 $000 Lines Business 2002 $000

Current Assets

Advance to "Other" business | 2,184 | 290 |
Accounts Receivable | 8 | 2,793 | 4,320 |
Inventory | - | 392 |
Total Current Assets | 4,977 | 5,002 |

Non Current Assets

Fixed Assets | 9 | 62,724 | 64,890 |
Total Non Current Assets | 62,724 | 64,890 |

Total Tangible Assets / Total Assets | 67,701 | 69,892 |

Current Liabilities

Cash and Bank Balances | 283 | 133 |
Accounts Payable and Accruals | 10 | 1,952 | 2,891 |
Taxation Payable | 4 | 2,629 | 2,270 |
Total Current Liabilities | 4,864 | 5,294 |

Funding

Shareholders' Equity / Capital Funds

Share Capital | 5 | 8,432 | 8,432 |
Reserves | 6 | 47,441 | 47,441 |
Retained Earnings | 7 | (23,722) | (23,133) |
Total Shareholders' Equity / Total Capital Funds | 32,151 | 32,739 |

Non Current Liabilities

Term Loans | 11 | 29,780 | 31,100 |
Deferred Taxation | 4 | 906 | 759 |
Total Non Current Liabilities | 30,686 | 31,859 |

Total Equity and Liabilities | 67,701 | 69,892 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 90


Gazette.govt.nz PDF NZ Gazette 2003, No 90





✨ LLM interpretation of page content

🏭 Financial Position of Horizon Energy Distribution Limited (continued from previous page)

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Financial Statement, Assets, Liabilities, Equity, Horizon Energy