✨ Financial Statements
9 OCTOBER
NEW ZEALAND GAZETTE
3533
MERCURY ENERGY LIMITED AND SUBSIDIARIES
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995 continued
| Total Activities |
|---|
| $000 |
4. FUTURE TAXATION BENEFIT
Balance Brought Forward 4,790
Transfer to Statement of Financial Performance ... (1,803)
2,987
5.a SHARE CAPITAL
Authorised Capital
102,020,202 Ordinary Class A Shares of $1 each 102,020
197,979,798 Ordinary Class B Shares of $1 each 197,980
100,000,000 Ordinary Class C Shares of $1 each 100,000
400,000
Issued and Paid Up Capital
Ordinary Class A Shares
102,020,202 issued and fully paid shares 102,020
Ordinary Class B Shares
197,979,798 issued and fully paid shares 197,980
Ordinary Class C Shares
6 issued and uncalled shares
300,000
On 1 October 1993, 102,020,202 Ordinary Class A Shares and 197,979,798 Ordinary Class B Shares were issued fully paid to the Auckland Energy Consumer Trust in consideration for the assets of the Auckland Electric Power Board being vested in the company.
5.b Notional Equity
Notional gearing has been applied at 50% of the net assets relating to the Line activities. This has given rise to a notional equity in the Lines business of $296 million.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1995, No 112
NZLII —
NZ Gazette 1995, No 112
✨ LLM interpretation of page content
🏭
Notes to Financial Statements of Mercury Energy Limited and Subsidiaries
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Taxation, Share capital, Notional equity