New Zealand Gazette – 2005 – No. 137

Page 3328

✨ Financial Statements



Schedule 1, Part 2

Items required to be separately listed in financial statements required under requirement 5(1) or requirement 6(1):

Statement of Financial Position

| | 2005
$(000) | 2004
$(000) |
|---|---|---|
| 1 | Current assets |
| (a) | Cash and bank balances: | 0 | 13 |
| (b) | Short-term investments: | 80 | 850 |
| (c) | Inventories: | 93 | 110 |
| (d) | Accounts receivable: | 636 | 683 |
| (e) | Other current assets not listed in (a) to (d): | 0 | 0 |
| (f) | Total current assets (sum of (a) to (e)): | 809 | 1,656 |

| 2 | Fixed assets |
| (a) | System fixed assets: | 22,243 | 13,547 |
| (b) | Consumer billing and information system assets: | 0 | 0 |
| (c) | Motor Vehicles: | 11 | 16 |
| (d) | Office equipment: | 36 | 45 |
| (e) | Land and buildings: | 1,256 | 869 |
| (f) | Capital works under construction: | 512 | 518 |
| (g) | Other fixed assets not listed in (a) to (f): | 0 | 0 |
| (h) | Total fixed assets (sum of (a) to (g)): | 24,057 | 14,994 |

| 3 | Other tangible assets not listed above: | 0 | 0 |

| 4 | Total tangible assets (1(f)+2(h)+3): | 24,866 | 16,650 |

| 5 | Intangible assets |
| (a) | Goodwill: | 0 | 0 |
| (b) | Other intangibles not listed in (a): | 0 | 0 |
| (c) | Total intangible assets (sum of (a) and (b)): | 0 | 0 |

| 6 | Total assets (4+5(c)): | 24,866 | 16,650 |

| 7 | Current liabilities |
| (a) | Bank overdraft: | 30 | 0 |
| (b) | Short-term borrowings: | 0 | 0 |
| (c) | Payables and accruals: | 505 | 688 |
| (d) | Provision for dividends payable: | 0 | 0 |
| (e) | Provision for income tax: | (27) | 60 |
| (f) | Other current liabilities not listed in (a) to (e): | 32 | 28 |
| (g) | Total current liabilities (sum of (a) to (f)): | 540 | 756 |

| 8 | Non-current liabilities |
| (a) | Payables and accruals: | 0 | 0 |
| (b) | Borrowings: | 1,100 | 1,000 |
| (c) | Deferred tax: | (10) | (9) |
| (d) | Other non-current liabilities not listed in (a) to (c): | 0 | 0 |
| (e) | Total non-current liabilities (sum of (a) to (d)): | 1,090 | 991 |

| 9 | Equity |
| (a) | Shareholders' equity: |
| (i) | Share capital: | 11 | 11 |
| (ii) | Retained earnings: | 1,962 | 2,392 |
| (iii) | Reserves: | 21,273 | 12,510 |
| (iv) | Total Shareholders' equity (sum of (i) to (iii)): | 23,236 | 14,903 |
| (b) | Minority interests in subsidiaries: | 0 | 0 |
| (c) | Total equity (sum of (a) and (b)): | 23,236 | 14,903 |
| (d) | Capital notes: | 0 | 0 |
| (e) | Total capital funds (sum of (c) and (d)): | 23,236 | 14,903 |

| 10 | Total equity and liabilities (7(g)+8(e)+9(e)): | 24,866 | 16,650 |

Statement of Financial Performance

| | 2005
$(000) | 2004
$(000) |
|---|---|---|
| 11 | Operating revenue |
| (a) | Revenue from line/access charges: | 6,798 | 6,532 |
| (b) | Revenue from "Other" business for services carried out by the line business (transfer payment): | 0 | 0 |
| (c) | Interest on cash, bank balances and short term investments: | 47 | 68 |
| (d) | AC loss-rental rebates: | 126 | 230 |
| (e) | Other revenue not listed in (a) to (d): | 65 | 78 |
| (f) | Total operating revenue (sum of (a) to (e)): | 7,036 | 6,908 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 137


Gazette.govt.nz — PDF NZ Gazette 2005, No 137




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🏭 Nelson Electricity Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Interest Rate Risk, Currency Risk, Commitments, Contingent Liabilities, Events Subsequent to Balance Date, Valuation Reconciliation Report