✨ Financial Statements




HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

STATEMENT OF FINANCIAL POSITION

As at 31 March 2005

NOTE Lines Business 2005 $000 Lines Business 2004 $000
Shareholders' Equity / Capital Funds
Share Capital 5 8,432
Reserves 6 58,067
Retained Earnings 7 (22,008)
Total Shareholders' Equity / Total Capital Funds 44,491

Current Assets

| | | |
| Advance to "Other" Business | | 1,427 | 1,622 |
| Accounts Receivable | 8 | 2,580 | 2,583 |
| Inventory | | - | - |
| Total Current Assets | | 4,007 | 4,205 |

Non Current Assets

| | | |
| Fixed Assets | 9 | 74,613 | 73,591 |
| Total Non Current Assets | | 74,613 | 73,591 |

| Total Tangible Assets / Total Assets | | 78,620 | 77,796 |

Current Liabilities

| | | |
| Bank Overdraft | | 752 | (34) |
| Accounts Payable and Accruals | 10 | 2,436 | 2,160 |
| Taxation Payable | 4 | 1,763 | 1,532 |
| Total Current Liabilities | | 4,951 | 3,659 |

Non Current Liabilities

| | | |
| Term Loans | 11 | 26,600 | 28,285 |
| Deferred Taxation | 4 | 2,578 | 2,337 |
| Total Non Current Liabilities | | 29,178 | 30,622 |

| Total Liabilities | | 34,129 | 34,281 |

| Net Assets | | 44,491 | 43,516 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 127


Gazette.govt.nz PDF NZ Gazette 2005, No 127





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🏭 Horizon Energy Distribution Limited Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Shareholders' Equity, Current Assets, Non Current Assets, Current Liabilities, Non Current Liabilities, Net Assets