B—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT 31st MARCH, 1948—continued General Balance-sheet at 31st March, 1948, compared with Position at 31st March, 1947

12

Liabilities. 31/3/48. 31/3/47. Assets. 31/3/48. 31/3/47. Capital liability : National Development Loans Account at 4 per cent, interest Current and accrued liabilities — Interest Sundry creditors Sundry credit balances £ 318,103 923,186 9,975 £ 33,271,888 1,251,264 £ 27,945,630 266,100 779,649 3,407 Operating capital — ITydro-electric plants — Arapuni .. .. ,. Karapiro .. .. .. Horahora .. ., .. Lake Taupo Control .. Waikaremoana (Tuai) .. .. Waikaremoana (Piripaua) Mangahao Cobb River Lake Coleridge Waitaki .. .. .. Arnold .. .. .. Highbank .. .. .. Monowai £ [ 3,032,453 3,700,433 186,683 968,910 1,044,175 1,372,777 638,603 859,166 1,980,671 147,601 508,310 207,283 £ £ 3,012,110 327,040 151,005 961,621 1,040,443 1,372,653 632,790 858,875 1,979,558 147,488 504,410 209,348 1,049,156 Reserves — Depreciation Reserve Loans Redemption Fund — Used for redemption of loans Available for further redemption 3,349,024 191,402 4,094,585 3,540,426 4,040,459 3,175,282 173,742 14,647,065 3,349,024 Fuel plants — King's Wharf Penrose Huntly Stoke Dobson 11,197 ,341 Interest Reserve .. 60,997 341,476 66,522 11,264 20,046 176,865 345,499 66,522 11,264 20,054 136,544 7,635,011 7,450,480 616,173 579,883 Transmission system Substations Communications system Distribution system Offices, stores, land, and buildings Cost of raising loans Interest during construction on assets in operation :: :: 4,096,666 4,254,694 426,823 1,126,306 261,326 876,346 2,106,864 3,941,760 4,152,054 341,863 1,079,241 250,436 876,394 1,793,167 1 1 28,412,263 24,212,139