✨ Financial Statement
ELECTRICITY ASHBURTON LTD – LINES BUSINESS
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2005
| Note | 2005 $ | 2004 $ |
|---|
CURRENT ASSETS
Inventory
7 | 2,191,238 | 1,808,515 |
Receivables and Prepayments | 2,287,375 | 1,980,128 |
Total Current Assets | 4,478,613 | 3,788,643 |
NON CURRENT ASSETS
Investments
Ashburton Aquatic Park Trust Loan | 300,000 | 300,000 |
Fixed Assets
9 | |
Distribution System | 110,589,062 | 106,541,997 |
Land & Buildings | 2,113,394 | 2,099,833 |
Motor Vehicles | 126,069 | 116,472 |
Plant, Furniture & Equipment | 871,070 | 541,843 |
Work in Progress | 803,162 | 735,568 |
Total Non Current Assets | 114,802,757 | 110,335,713 |
TOTAL ASSETS | $119,281,370 | $114,124,356 |
CURRENT LIABILITIES
8 |
Bank Overdraft | 3,315,724 | 1,765,082 |
Provision for Dividend | 0 | 1,173,000 |
Provision for Taxation | 502,122 | 985,139 |
Creditors | 2,063,055 | 1,953,215 |
Total Current Liabilities | 5,880,901 | 5,876,436 |
NON CURRENT LIABILITIES
8 |
Deferred Taxation | 4 | 11,740,217 | 10,199,827 |
Bank Loan | 16,600,000 | 14,250,000 |
Total Non Current Liabilities | 28,340,217 | 24,449,827 |
SHAREHOLDERS’ FUNDS
Deferred Shares | 28,750,000 | 28,750,000 |
Rebate Shares | 1,250,000 | 1,250,000 |
Non Allocated Shares | (67,900) | (77,000) |
Reserves | 47,479,654 | 47,479,654 |
Retained Earnings | 7,648,498 | 6,395,439 |
Total Shareholders Funds | 85,060,252 | 83,798,093 |
TOTAL EQUITY AND LIABILITIES | $119,281,370 | $114,124,356 |
For and on behalf of the Board
DIRECTOR
Date: 27/7/05
- DIRECTOR
The accompanying notes form part of these financial statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 115
Gazette.govt.nz —
NZ Gazette 2005, No 115
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Statement of Financial Position for Electricity Ashburton Ltd
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🏭 Trade, Customs & Industry27 July 2005
Financial statements, Assets, Liabilities, Shareholders' funds, Electricity, Ashburton
- DIRECTOR
- DIRECTOR