✨ Financial Statements Notes




29 SEPTEMBER NEW ZEALAND GAZETTE 3437

NOTES TO THE FINANCIAL STATEMENTS

  1. PROVISIONS
Provision for taxation 219 197 22
Employee Provisions 608 470 138
Total Provisions 827 667 160
  1. RESERVES

a) Share Premium Reserve

| Balance 1 April & 31 March | -252 | -222 | -30 |

b) Loan Redemption Reserve

Balance 1 April 1,036 1,036 0
Transfer from Profits 216 216 0
Balance at 31 March 1,252 1,252 0

c) Asset Revaluation Reserve

Balance 1 April 0 0 0
Revaluation of Land 1,134 1,056 78
Revaluation of Buildings 365 88 277
Balance at 31 March 1,499 1,144 355

| TOTAL RESERVES | -3,003 | -2,619 | -384 |

  1. RETAINED EARNINGS
Retained Earnings 1 April 1,425 1,223 202
Net Surplus after taxation 1,597 1,437 160
3,022 2,660 362

Less: Distribution to Shareholders | (250) | (215) | (35) |
Less: Transfers to Reserves | (215) | (215) | 0 |

| Retained Earnings 31 March | 2,557 | 2,230 | 327 |



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Eastland Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Provisions, Reserves, Retained Earnings, Taxation, Employee Provisions, Share Premium, Loan Redemption, Asset Revaluation