✨ Financial Statements




Counties Power Limited – Lines Business

STATEMENT OF FINANCIAL POSITION

As at 31 March 2005

| Notes | 31 March 2005
| $000 | 31 March 2004
| $000 |
|-------|------------------|------|

CURRENT ASSETS
Cash and bank balances | 82 | 159 |
Short-term investments | - | - |
Inventories | - | - |
Accounts receivable | (7) | 3,004| 2,395 |
Other current assets | - | - |
TOTAL CURRENT ASSETS | | 3,086| 2,554 |

FIXED ASSETS | (10) | 113,025 | 111,983 |

OTHER TANGIBLE ASSETS | | - | - |
TOTAL TANGIBLE ASSETS | | 116,111| 114,537|

INTANGIBLE ASSETS
Goodwill | | - | - |
Other Intangibles | | - | - |
TOTAL INTANGIBLE ASSETS | | - | - |

TOTAL ASSETS | | 116,111| 114,537|

CURRENT LIABILITIES
Bank Overdraft | | - | - |
Borrowings | | - | - |
Payables and accruals | (9) | 2,740| 2,610 |
Provision for dividend payable| (9) | 1,155| - |
Provision for income tax | | - | - |
Other current liabilities | | - | - |
TOTAL CURRENT LIABILITIES| | 3,895| 2,610 |

NON-CURRENT LIABILITIES
Payables and accruals | | - | - |
Borrowings | (8) | 2,975| 6,574 |
Deferred taxation | | - | - |
Other non-current assets | | - | - |
TOTAL NON-CURRENT LIABILITIES| | 2,975| 6,574 |

SHAREHOLDERS' EQUITY
Share capital | (5) | 29,311| 29,311|
Retained earnings | | 27,574| 23,686|
Dividend proposed | (6) | - | - |
Asset revaluation reserve | | 52,356| 52,356|
TOTAL SHAREHOLDERS' EQUITY| | 109,241| 105,353|

MINORITY INTERESTS IN SUBSIDIARIES | | - | - |

CAPITAL NOTES | | - | - |

TOTAL CAPITAL FUNDS | | 109,241| 105,353|

TOTAL EQUITY AND LIABILITIES | | 116,111| 114,537|



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 121


Gazette.govt.nz PDF NZ Gazette 2005, No 121





✨ LLM interpretation of page content

πŸ’° Counties Power Limited Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Assets, Liabilities, Shareholders' Equity, Counties Power Limited