✨ Financial Statements




POWERCO

GAS DIVISION

Balance Sheet

As at 30 June 2007

| | Notes | 30 June 2007
| NZ$000 | 30 June 2006
| NZ$000 |
|---------------------------|-------|------------------|
| Equity | | |
| Contributed capital | | 121,402 | 119,080 |
| Retained earnings | | (33,587) | (34,926) |
| Reserves | | 987 | (1,618) |
| | | 88,802 | 82,536 |

| Non Current Liabilities | | |
| Borrowings | 3 | 187,032 | 199,085 |
| Other financial liabilities | 4 | 24,485 | 13,080 |
| Inter-division account | 11 | 18,496 | 26,623 |
| Deferred tax liability | 2 | 31,745 | 26,837 |
| | | 261,758 | 265,624 |

| Current Liabilities | | |
| Borrowings | 3 | 42,803 | 36,909 |
| Provisions | 6 | 264 | 284 |
| Trade and other payables | | 3,213 | 2,768 |
| | | 46,280 | 39,961 |

| Total Equity and Liabilities | | 396,840 | 388,121 |

| Non Current Assets | | |
| Property, plant and equipment | 7 | 379,105 | 375,746 |
| Other intangibles | 8 | 471 | - |
| Other financial assets | 4 | 8,634 | 1,719 |
| | | 388,210 | 377,465 |

| Current Assets | | |
| Trade and other receivables | | 4,678 | 4,452 |
| Income Tax Receivable | | 3,952 | 6,204 |
| | | 8,630 | 10,656 |

| Total Assets | | 396,840 | 388,121 |

The accompanying notes form part of these financial statements.

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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2007, No 133


Gazette.govt.nz PDF NZ Gazette 2007, No 133





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