New Zealand Gazette – 2008 – No. 35

Page 812

✨ Financial Statements

ELECTRICITY ASHBURTON LTD – LINES BUSINESS

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2007

	Note	2007 $	2006 $
CURRENT ASSETS
Inventory	7	3,594,078	2,413,109
Receivables and Prepayments		2,728,496	2,553,134
Total Current Assets		6,322,574	4,966,243

| NON CURRENT ASSETS | | | |
| Fixed Assets | 9 | | |
| Distribution System | | 121,531,842 | 115,932,633 |
| Land & Buildings | | 2,317,305 | 2,114,880 |
| Motor Vehicles | | 226,535 | 214,019 |
| Plant, Furniture & Equipment | | 820,571 | 751,081 |
| Work in Progress | | 3,088,387 | 1,879,400 |
| Total Non Current Assets | | 127,982,640 | 120,892,013 |

| TOTAL ASSETS | | $134,305,214 | $125,858,256 |

| CURRENT LIABILITIES | 8 | | |
| Bank Overdraft | | 4,795,823 | 3,393,491 |
| Provision for Taxation | | 22,730 | 439,198 |
| Creditors | | 2,322,283 | 2,637,551 |
| Total Current Liabilities | | 7,140,836 | 6,470,240 |

| NON CURRENT LIABILITIES | | | |
| Deferred Taxation | 4 | 15,146,465 | 13,391,937 |
| Bank Loan | | 23,200,000 | 18,700,000 |
| Total Non Current Liabilities | | 38,346,465 | 32,091,937 |

| SHAREHOLDERS' FUNDS | 6 | | |
| Deferred Shares | | 28,750,000 | 28,750,000 |
| Rebate Shares | | 1,250,000 | 1,250,000 |
| Non Allocated Shares | | (51,200) | (50,700) |
| Reserves | | 47,479,654 | 47,479,654 |
| Retained Earnings | | 11,389,459 | 9,867,125 |
| Total Shareholders Funds | | 88,817,913 | 87,296,079 |

| TOTAL EQUITY AND LIABILITIES | | $134,305,214 | $125,858,256 |

For and on behalf of the Board

Signature
F February 2008

Date: ___ DIRECTOR ____

_____ Glen Yaxley DIRECTOR

_____ Peter Lowe

The accompanying notes form part of these financial statements

VUW Te Waharoa — NZ Gazette 2008, No 35

Gazette.govt.nz — NZ Gazette 2008, No 35

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Electricity Ashburton Ltd Financial Position Statement (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated15 February 2008
KeywordsFinancial Statements, Assets, Liabilities, Equity, Electricity Ashburton Ltd
👩‍💼 Officials

Glen Yaxley, Director
Peter Lowe, Director

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