New Zealand Gazette – 2005 – No. 8

Page 176

✨ Financial Statements

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

	2004 ($'000)	2003 ($'000)
Current assets
(a) Cash and bank balances	13	14
(b) Short-term investments	850	1,120
(c) Inventories	110	101
(d) Accounts receivable	683	716
(e) Other current assets not listed in (a) to (d)	0	0
(f) Total current assets (sum of (a) to (e))	1,656	1,951

	2004 ($'000)	2003 ($'000)
Fixed assets
(a) System fixed assets	13,547	13,343
(b) Consumer billing and information system assets	0	0
(c) Motor Vehicles	16	22
(d) Office equipment	45	33
(e) Land and buildings	869	873
(f) Capital works under construction	518	107
(g) Other fixed assets not listed in (a) to (f)	0	0
(h) Total fixed assets (sum of (a) to (g))	14,994	14,378

	2004 ($'000)	2003 ($'000)
Other tangible assets not listed above	0	0

| Total tangible assets ((1)+(2)+(3)) | 16,650 | 16,329 |

	2004 ($'000)	2003 ($'000)
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

| Total assets (4+5(c)) | 16,650 | 16,329 |

	2004 ($'000)	2003 ($'000)
Current liabilities
(a) Bank overdraft	0	0
(b) Short-term borrowings	0	0
(c) Payables and accruals	668	544
(d) Provision for dividends payable	0	0
(e) Provision for income tax	60	(138)
(f) Other current liabilities not listed in (a) to (e)	28	20
(g) Total current liabilities (sum of (a) to (f))	756	426

	2004 ($'000)	2003 ($'000)
Non-current liabilities
(a) Payables and accruals	0	0
(b) Borrowings	1,000	1,000
(c) Deferred tax	0	0
(d) Other non-current liabilities not listed in (a) to (c)	0	300
(e) Total non-current liabilities (sum of (a) to (d))	991	1,300

	2004 ($'000)	2003 ($'000)
Equity
(a) Shareholders' equity:
(i) Share capital	1	1
(ii) Retained earnings	2,392	2,092
(iii) Reserves	12,510	12,510
(iv) Total Shareholders' equity (sum of (i) to (iii))	14,903	14,603
(b) Minority interests in subsidiaries	0	0
(c) Total equity (sum of (a) and (b))	14,903	14,603
(d) Capital notes	0	0
(e) Total capital funds (sum of (c) and (d))	14,903	14,603

| Total equity and liabilities (7(g)+8(e)+9(e)) | 16,650 | 16,329 |

	2004 ($'000)	2003 ($'000)
Operating revenue
(a) Revenue from line / access charges	6,532	6,610
(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	68	87
(d) AC loss-rental rebates	(230)	(176)
(e) Other revenue not listed in (a) to (d)	78	34
(f) Total operating revenue (sum of (a) to (e))	6,908	6,907