B—l [Pt. IV]

Balance-sheet at 31st March, 1947, compared with Position at 31st March, 1946

23

— 31/3/47. 31/3/46. 31/3/47. 31/3/46. Liabilities Depreciation Reserve Loan Redemption Fund — Utilized for redemption of loans Available for further redemptions £ 1,150,237 173,742 £ 1,310,741 1,323,979 £ 1,226,274 1,013,194 137,043 Assets Hydro-electric plants — Cobb River Lake Coleridge Waitaki Arnold (Kaimata) Highbank Monowai £ 632,790 858,875 1,979,558 147,488 504,410 209,348 £ £ 629,022 859,141 1,978,668 145,922 1,150,237 ■183,073 208,301 Reserve Fund 4,332,469 4,304,627 Sundry creditors Sundry credit balances Head Office Account 174,015 2,995 8,529,613 126,385 2,765 8,036,658 Fuel-plants — Stoke Dobson .. 20,054 136,544 156,598 20,066 136,688 156,754 Transmission-lines system Substations Communication system Distribution system Offices, stores, land, buildings, <tc. Cost of raising loans Interest during construction — On assets in operation On assets not in operation 612,894 73,538 1,235,456 1,225,036 110,949 1,008,299 37,453 543,914 686,432 1,233,743 1,185-109 116,486 978,502 36,779 545,527 612,199 43,888 656,087 Works under construction 1,149,325 596,580 Plant, motor-vehicles, and tools Stocks of materials Sundry debtors 10,485,931 167,638 414,093 274,281 9,810,194 153,360 354,606 224,159 £11,341,943 £10,542,319 £11,341,943 £10,542,319 Contingent Liability Arrears of appropriation to Loan Redemption Fund £148,268 £176,623