✨ Financial Statements




POWERCO

ELECTRICITY DIVISION

Statement of Financial Position

As at 30 June 2006

Notes 30 June 2006 30 June 2005
$'000 $'000

Equity
Share capital | | 431,359 | 431,359 |
Retained earnings | | (4,778) | 4,629 |
Reserves | | (21,252) | (17,089) |
| | 405,329 | 418,899 |

Non Current Liabilities
Borrowings | 1 | 512,293 | 373,767 |
Other financial liabilities | 2 | 29,234 | - |
Deferred taxation | | 30,652 | 17,089 |
| | 572,179 | 390,856 |

Current Liabilities
Borrowings | | 99,577 | 159,768 |
Accounts payable & accruals | | 22,480 | 32,947 |
Tax payable | | 5,304 | 16,380 |
| | 127,361 | 209,095 |

Total Equity and Liabilities | | 1,104,869| 1,018,850|

Non Current Assets
Property, plant and equipment | 4 | 966,886 | 942,684 |
Current account | | 115,859 | 53,345 |
| | 1,082,745| 996,029 |

Current Assets
Receivables | | 22,124 | 22,821 |
| | 22,124 | 22,821 |

Total Assets | | 1,104,869| 1,018,850|

The accompanying notes form part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2006, No 169


Gazette.govt.nz PDF NZ Gazette 2006, No 169





✨ LLM interpretation of page content

🏭 Audit Report for Powerco Limited – Electricity Division (continued from previous page)

🏭 Trade, Customs & Industry
6 December 2006
Audit, Financial Statements, Commerce Commission, Powerco Limited, Electricity, Disclosure Requirements, NZ IFRS, GAAP