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New Zealand Gazette – 1992 – No. 205

Page 4555

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✨ Financial Statements

18 DECEMBER NEW ZEALAND GAZETTE 4555

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

10 SHAREHOLDERS' EQUITY

SHARE PREMIUM RESERVE

	30 September		31 March
	1992	1991	1992
	$000's	$000's	$000's

Balance at beginning of period
(Consisting of a premium of $9,999 on 50,466 redeemable preference shares)

| | 504,610 | 464,614 | 464,614 |

Movements during the period

Premium of $9,999 on 3,000 redeemable preference shares

| | (29,997) | - | -

Premium of $9,999 on 4,000 redeemable preference shares

| | - | - | 39,996 |

| | 474,613 | 464,614 | 504,610 |

Dividends declared apply to redeemable preference shares as if they were ordinary shares. On winding up of the company preference shareholders rank in priority to ordinary shareholders in respect of outstanding dividends and the issue price of the redeemable preference shares. The redeemable preference shares are subject to redemption, at the issue price five days after written notice from the holder.

CAPITAL REDEMPTION RESERVE

	30 September		31 March
	1992	1991	1992
	$000's	$000's	$000's

Balance at beginning of period

| | - | - | -

Movements during period

Transfer from retained earnings

| | 3 | - | -

RETAINED EARNINGS

	30 September		31 March
	1992	1991	1992
	$000's	$000's	$000's

Balance at beginning of period

| | 40,702 | 31,748 | 31,748 |

Net earnings

| | 15,822 | 14,034 | 38,142 |

| | 56,524 | 45,782 | 69,890 |

Transfer to capital redemption reserve

| | (3) | - | -

Dividends

| | (15,020) | (22,437) | (29,188) |

Balance at end of period

| | 41,501 | 23,345 | 40,702 |

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VUW Te Waharoa — NZ Gazette 1992, No 205

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✨ LLM interpretation of page content

💰 Telecom Auckland Limited Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Shareholders' Equity, Share Premium Reserve, Capital Redemption Reserve, Retained Earnings, Dividends

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