New Zealand Gazette – 2006 – No. 139

Page 4042

✨ Financial Statements



4042

NEW ZEALAND GAZETTE, No. 139

17 NOVEMBER 2006

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

| | 2006
($'000) | 2005
($'000) |
|---|----------------|----------------|
| 1 | Current assets |
| (a) | Cash and bank balances: | 36 | 0 |
| (b) | Short-term investments: | 0 | 80 |
| (c) | Inventories: | 137 | 93 |
| (d) | Accounts receivable: | 608 | 636 |
| (e) | Other current assets not listed in (a) to (d): | 0 | 0 |
| (f) | Total current assets (sum of (a) to (e)): | 781 | 809 |

| 2 | Fixed assets |
| (a) | System fixed assets: | 23,263 | 22,243 |
| (b) | Consumer billing and information system assets: | 0 | 0 |
| (c) | Motor Vehicles: | 16 | 11 |
| (d) | Office equipment: | 42 | 35 |
| (e) | Land and buildings: | 1,252 | 1,258 |
| (f) | Capital works under construction: | 0 | 512 |
| (g) | Other fixed assets not listed in (a) to (f): | 0 | 0 |
| (h) | Total fixed assets (sum of (a) to (g)): | 24,575 | 24,057 |

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

| 4 | Total tangible assets (1(f)+2(h)+3): | 25,356 | 24,866 |

| 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)): | 25,356 | 24,866 |

| 7 | Current liabilities |
| (a) | Bank overdraft: | 0 | 30 |
| (b) | Short-term borrowings: | 0 | 0 |
| (c) | Payables and accruals: | 531 | 505 |
| (d) | Provision for dividends payable: | 0 | 0 |
| (e) | Provision for income tax: | (70) | (27) |
| (f) | Other current liabilities not listed in (a) to (e): | 0 | 32 |
| (g) | Total current liabilities (sum of (a) to (f)): | 461 | 540 |

| 8 | Non-current liabilities |
| (a) | Payables and accruals: | 0 | 0 |
| (b) | Borrowings: | 3,500 | 1,100 |
| (c) | Deferred tax: | (11) | (10) |
| (d) | Other non-current liabilities not listed in (a) to (c): | 0 | 0 |
| (e) | Total non-current liabilities (sum of (a) to (d)): | 3,489 | 1,090 |

| 9 | Equity |
| (a) | Shareholders' equity: |
| (i) | Share capital: | 1 | 1 |
| (ii) | Retained earnings: | 132 | 1,962 |
| (iii) | Reserves: | 21,273 | 21,273 |
| (iv) | Total Shareholders' equity (sum of (i) to (iii)): | 21,406 | 23,236 |
| (b) | Minority interests in subsidiaries: | 0 | 0 |
| (c) | Total equity (sum of (a) and (b)): | 21,406 | 23,236 |
| (d) | Capital notes: | 0 | 0 |
| (e) | Total capital funds (sum of (c) and (d)): | 21,406 | 23,236 |

| 10 | Total equity and liabilities (7(g)+8(e)+9(e)): | 25,356 | 24,866 |

Statement of Financial Performance

| | 2006
($'000) | 2005
($'000) |
|---|----------------|----------------|
| 11 | Operating revenue |
| (a) | Revenue from line access charges: | 7,057 | 6,798 |
| (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: | 29 | 47 |
| (d) | AC loss-rental rebates: | 281 | 128 |
| (e) | Other revenue not listed in (a) to (d): | 120 | 65 |
| (f) | Total operating revenue (sum of (a) to (e)): | 7,487 | 7,038 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 139


Gazette.govt.nz — PDF NZ Gazette 2006, No 139




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

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Financial Statements, Balance Sheet, Income Statement, Assets, Liabilities, Equity, Nelson Electricity Limited