✨ Financial Statements
5422 NEW ZEALAND GAZETTE, No. 187 5 DECEMBER 2011
Statement of Financial Position
As at 30 June 2011
| Note | Distribution 2011 $ | Distribution 2010 $ | |
|---|---|---|---|
| CURRENT ASSETS | |||
| General bank account | 10,483 | 1,080 | |
| Accounts receivable | 5 | 587,140 | 602,928 |
| Inventories | 194,773 | 206,206 | |
| Provisional tax | - | - | |
| Total current assets | 772,396 | 810,214 |
| NON CURRENT ASSETS | | | |
| Intangible assets | 4 | 66,640 | 40,724 |
| Property, plant and equipment | 4 | 24,233,561 | 24,147,812 |
| Investments | | - | - |
| Total non-current assets | | 24,300,201 | 24,188,536 |
| TOTAL ASSETS | | 25,072,597 | 24,998,750 |
| EQUITY | | | |
| Share capital | 6 | 5,264,435 | 5,264,435 |
| Retained earnings | | 14,709,224 | 12,536,065 |
| Fair value through equity reserve | | 112 | 112 |
| Asset revaluation reserve | | 1,119,554 | 1,119,554 |
| Total equity | | 21,093,325 | 18,920,166 |
| CURRENT LIABILITIES | | | |
| Accounts payable & accruals | | 369,610 | 282,966 |
| Provision for employee entitlements | 7 | 71,969 | 49,255 |
| Net loans from related parties | 8 | (1,290,443) | 917,484 |
| Current finance lease | | - | - |
| Taxation payable | | - | - |
| Provision for dividend | | - | - |
| Total current liabilities | | (848,864) | 1,249,705 |
| NON-CURRENT LIABILITIES | | | |
| Non-current finance lease | 8 | 4,828,136 | 4,828,879 |
| Deferred tax | | - | - |
| Total non-current liabilities | | 4,828,136 | 4,828,879 |
| TOTAL LIABILITIES & EQUITY | | 25,072,597 | 24,998,750 |
The accompanying notes and accounting policies form part of these financial statements.
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NZ Gazette 2011, No 187
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Statement of Financial Position for GasNet Limited
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💰 Finance & RevenueFinancial Statements, Assets, Liabilities, Equity, GasNet Limited