β¨ Powerco Financial Statements
2882
NEW ZEALAND GAZETTE, No. 119
14 SEPTEMBER 2004
POWERCO
GAS DIVISION
Statement of Financial Position
As at 31 March 2004
| Notes | 31 March 2004 $000 | 31 March 2003 $000 |
|---|---|---|
| Equity | ||
| Share capital | 119,080 | 119,080 |
| Retained earnings | (377) | (927) |
| 118,703 | 118,153 | |
| Non Current Liabilities | ||
| Current account | 12,873 | 38,966 |
| Redeemable bonds | 43,138 | 13,221 |
| Capital bonds | 24,509 | 7,512 |
| Guaranteed bonds | 61,273 | - |
| US private placement | 72,122 | - |
| Commercial paper | 28,987 | 53,106 |
| Asset purchase facility | 39,215 | 9,251 |
| Funding facility | - | 162,435 |
| 282,117 | 284,491 | |
| Current Liabilities | ||
| Accounts payable & accruals | 3,867 | 2,395 |
| Tax payable | (8) | (1,878) |
| 3,859 | 517 | |
| Total Equity and Liabilities | 404,679 | 403,161 |
| Non Current Assets | ||
| Property, plant and equipment | 396,244 | 400,097 |
| Deferred funding costs | 3,154 | - |
| 399,398 | 400,097 | |
| Current Assets | ||
| Bank | 918 | - |
| Receivables | 4,363 | 3,064 |
| 5,281 | 3,064 | |
| Total Assets | 404,679 | 403,161 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 119
Gazette.govt.nz —
NZ Gazette 2004, No 119
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