New Zealand Gazette – 2003 – No. 92

Page 2366

✨ Financial Statements



2366 NEW ZEALAND GAZETTE No. 92

  1. Property, Plant and Equipment Cost or Valuation Accumulated Depreciation 31 March 2003 31 March 2002
    $000 $000 $000 $000
    System Fixed Assets 41,456 1,397 40,059 37,750
    Customer Billing & Information Systems 591 440 151 154
    Motor Vehicles - 95 43 3
    Office Equipment 138 95 136 150
    Land & Buildings 208 72 136 150
    Plant & Equipment 418 267 151 189

    Total Property, Plant and Equipment 42,811 2,271 40,540 38,290

  2. Accounts Payable and Provisions

    Trade Creditors and Accruals 1,536 1,647
    GST Payable 52 30
    Provision for Employee Entitlements 63 76
    Provision for Taxation 2 81

    Total Accounts Payable and Provisions 1,653 1,834

  3. Commitments

    Operating Lease Commitments

    Operating Lease Commitments are payable as follows:

    • No later than one year 40 35
    • Later than one year and not later than two years 19 3
    • Later than two years and not later than five years 43 -
    • Later than five years - -

    Total Operating Lease Commitments 102 41

  4. Reconciliation of Net Surplus After Taxation with Net Operating Cash Flows

    Net Surplus After Taxation 3,743 3,195

    Plus/(Less) Non Cash Items:
    Depreciation 1,546 1,694

                                                                                        **1,546**              **1,694**

    Plus/(Less) Items Classified as Investing Activities
    Loss on Sale of Property, Plant and Equipment 1 4
    Gain on Sale of Property, Plant and Equipment - -

                                                                                          **1**                  **4**

    Plus/(Less) Movements in Working Capital Items:
    (Increase)/Decrease in Receivables 15 (948)
    (Increase)/Decrease in Stock and Work in Progress 116 (66)
    (Decrease)/Increase in Accounts Payable (124) 699
    (Decrease)/Increase in Other Current Liabilities 23 30
    (Decrease)/Increase in Provision for Taxation (79) 142

                                                                                          **(49)**               **(143)**

    Net Cash Flows from Operating Activities 5,241 4,750



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 92


Gazette.govt.nz — PDF NZ Gazette 2003, No 92




✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Invercargill Limited (continued from previous page)

🏭 Trade, Customs & Industry
24 July 2003
Electricity, Financial Statements, Accounting Policies, Invercargill Limited, Depreciation, Income Tax, Goods and Services Tax, Work in Progress, Operating Leases, Employee Entitlements, Operating Revenue, Operating Expenses, Equity, Cash and Short Term Deposits, Receivables and Prepayments, Property, Plant and Equipment, Accounts Payable and Provisions, Commitments, Reconciliation of Net Surplus After Taxation with Net Operating Cash Flows