New Zealand Gazette – 2005 – No. 19

Page 436

✨ Financial Statements

436

NEW ZEALAND GAZETTE, No. 19

19 JANUARY 2005

		2004	2003
		$	$
7	CURRENT ASSETS
	a) Cash and bank balances	0	0
	b) Short term investments	0	0
	c) Inventories	1,808,515	2,230,324
	d) Accounts receivable	1,980,128	2,279,082
	e) Other current assets not listed in (a to d)	0	0
	f) Total Current Assets	3,788,643	4,509,406

| 8 | CURRENT LIABILITIES | | |
| | a) Bank overdraft | 1,765,082 | 2,769,858 |
| | b) Short term borrowings | 0 | 0 |
| | c) Payables and accruals | 1,953,215 | 1,816,572 |
| | d) Provision for dividend payable | 1,173,000 | 0 |
| | e) Provision for income tax | 985,139 | 0 |
| | f) Other current liabilities not listed in (a to e) | 0 | 0 |
| | g) Total Current Liabilities | 5,876,436 | 4,586,430 |

| | NON CURRENT LIABILITIES | | |
| | a) Payroll and accruals | 0 | 0 |
| | b) Borrowings | 14,250,000 | 17,750,000 |
| | c) Deferred tax | 10,199,827 | 8,691,551 |
| | d) Other non current liabilities not listed in (a to c) | 0 | 0 |
| | e) Total Non Current Liabilities | 24,449,827 | 26,441,551 |

| 9 | FIXED ASSETS | | |
| | a) System fixed assets | 106,541,997 | 88,932,726 |
| | c) Consumer billing and information system assets | 124,451 | 241,187 |
| | d) Motor Vehicles | 116,472 | 121,589 |
| | e) Office Equipment | 417,392 | 615,508 |
| | f) Land & Buildings | 2,099,833 | 2,696,765 |
| | g) Capital works under construction: | | |
| |     i) Subtransmission assets (transfer payment) | 0 | 0 |
| |     ii) Zone substations (transfer payments) | 0 | 1,164,704 |
| |     iii) Distribution lines and cables (transfer payments) | 525,293 | 367,917 |
| |     iv) Medium voltage switchgear (transfer payments) | 0 | 0 |
| |     v) Distribution transformers | 0 | 0 |
| |     vi) Distribution substations (transfer payments) | 210,275 | 140,277 |
| |     vii) Low voltage lines and cables (transfer payments) | 0 | 128,465 |
| |     viii) Other system fixed assets (transfer payments) as categorised in standard asset tables in the ODV Handbook | 0 | 0 |
| | h) Other fixed assets not listed in (a to g) | 0 | 0 |
| | i) Total Fixed Assets | 110,035,713 | 94,409,138 |
| | j) Other tangible assets not listed above. | 300,000 | 300,000 |