✨ Financial Statements




POWERCO

GAS DIVISION

Statement of Financial Position

As at 30 June 2005

| | Notes | 30 June 2005
| | | 12 mths
| | | $'000 | 31 March 2004
| | | | 12 mths
| | | | $'000

Equity | | |
Share capital | | 119,080 | 119,080
Retained earnings | | (1,986) | (377)
| | 117,094 | 118,703

Non Current Liabilities |
Current account | | 49,452 | 12,873
Redeemable bonds | 2 | - | 43,138
Capital bonds | 3 | - | 24,509
Subordinated bonds | 4 | 19,695 |
Guaranteed bonds | 5 | 49,237 | 61,273
US private placement | 6 | 57,955 | 72,122
Commercial paper | 7 | 29,087 | 28,987
Commercial bank debt | 8 | 66,962 | 39,215
Funding facility | 9 | 1,638 |
| | 274,025 | 282,117

Current Liabilities |
Accounts payable & accruals | | 4,724 | 3,867
Tax payable | | 171 | (8)
| | 4,895 | 3,859

Total Equity and Liabilities | | 396,014 | 404,679

Non Current Assets | |
Property, plant and equipment | 10 | 391,488 | 396,244
Deferred funding costs | | 2,259 | 3,154
| | 393,747 | 399,398

Current Assets |
Bank | 9 | - | 918
Receivables | | 2,267 | 4,363
| | 2,267 | 5,281

Total Assets | | 396,014 | 404,679

The accompanying notes form part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 167


Gazette.govt.nz PDF NZ Gazette 2005, No 167





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🏭 Powerco Limited Gas Information Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
21 September 2005
Gas, Information Disclosure, Powerco Limited, Regulations, Statutory Declaration