✨ Financial Statements




POWERCO

GAS DIVISION

Balance Sheet

As at 30 June 2006

| | Notes | 30 June 2006
| $'000 | 30 June 2005
| $'000 |
|-----------------------|-------|-----------------|-----------------|
| Equity | | | |
| Share capital | | 119,080 | 119,080 |
| Retained earnings | | (2,945) | (1,987) |
| Reserves | | (33,599) | (31,979) |
| | | 82,536 | 85,114 |

| Non Current Liabilities |
| Borrowings | 3 | 199,085 | 158,080 |
| Other financial liabilities | 4 | 11,361 | 49,453 |
| Current account | | 26,623 | |
| Deferred tax liability| | 26,836 | 19,304 |
| | | 263,905 | 226,837 |

| Current Liabilities |
| Borrowings | 3 | 36,909 | 64,233 |
| Accounts payable & accruals | | 2,720 | 4,724 |
| Tax payable | | 333 | 171 |
| | | 39,962 | 69,128 |

| Total Equity and Liabilities |
| | | 386,403 | 381,079 |

| Non Current Assets |
| Property, plant and equipment | 6 | 375,746 | 378,812 |
| | | 375,746 | 378,812 |

| Current Assets |
| Receivables | | 10,656 | 2,267 |
| | | 10,656 | 2,267 |

| Total Assets | | 386,402 | 381,079 |

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 170


Gazette.govt.nz PDF NZ Gazette 2006, No 170





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🏭 Certification of Financial Statements and Performance Measures by Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
6 December 2006
Gas, Information Disclosure, Financial Statements, Performance Measures, Certification, Powerco Limited