New Zealand Gazette – 2005 – No. 10

Page 222

✨ Financial Statements



NEW ZEALAND GAZETTE, No. 10

17 JANUARY 2005

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 2004

| | 2004
| | $000 | 2003
| | | $000 |
|-------------------|-------|-------|
| 6. Accounts Receivable | | |
| Lines Receivables | 1,167 | 1,720 |
| Prepayments | - | - |
| Taxation | - | - |
| Other Accounts Receivable | 76 | 66 |
| Total Accounts Receivable | 1,243 | 1,786 |

| | 2004
| | $000 | 2003
| | | $000 |
|-------------------|-------|-------|
| 7. Other Tangible Assets | - | - |

| | 2004
| | $000 | 2003
| | | $000 |
|-------------------|-------|-------|
| 8. Intangible Assets | | |
| Goodwill | - | - |
| Other Intangibles | - | - |
| Total Intangible Assets | - | - |

| | 2004
| | $000 | 2003
| | | $000 |
|-------------------|-------|-------|
| 9. Current Liabilities | | |
| Bank Overdraft | - | - |
| Short Term Borrowings | - | - |
| Payables and Accruals | 1,814 | 1,509 |
| Provision for Dividend | - | - |
| Provision for Income Tax | 6 | 250 |
| Other Current Liabilities | - | - |
| Total Current Liabilities | 1,820 | 1,759 |

| | 2004
| | $000 | 2003
| | | $000 |
|-------------------|-------|-------|
| 10. Non Current Liabilities | | |
| Payables and Accruals | - | - |
| Borrowings | - | - |
| Deferred Tax | 144 | 90 |
| Other | - | - |
| Total Non Current Liabilities | 144 | 90 |

11. Transactions with Related Parties

(i) MainPower Trust

The major related party of MainPower is the MainPower Trust and during the current financial year there were no related party transactions and no related party debts written off or forgiven and no transaction took place at nil or nominal value.

(ii) MainPower Contracting Limited

MainPower Contracting Limited is a wholly owned subsidiary. MainPower Contracting is recognised as a leading power systems contractor, and undertakes a wide range of electricity network construction and maintenance for MainPower and for the contestable power systems contracting market as a whole.

There were no related party debts written off or forgiven and no transaction took place at nil or nominal value.

The amount owing by MainPower New Zealand Limited to MainPower Contracting Limited at balance date was $779,411 (2003 $447,168) while the amount owing by MainPower Contracting Limited to MainPower New Zealand Limited at balance date was $16,162 (2003 $13,847). Both amounts are payable on normal trading terms.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 10


Gazette.govt.nz — PDF NZ Gazette 2005, No 10




✨ LLM interpretation of page content

🏭 Mainpower New Zealand Ltd Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounts Receivable, Tangible Assets, Intangible Assets, Current Liabilities, Non Current Liabilities, Related Parties, Mainpower