New Zealand Gazette – 1995 – No. 140

Page 4582

✨ Financial Statements Notes



4582 NEW ZEALAND GAZETTE No. 140

NOTES TO THE FINANCIAL STATEMENTS

14. DEFERRED TAXATION

1995 1994
$000 $000
Deferred Taxation at Start of Period 191,882 195,251
On Surplus for the Year (note 5) (262) (2,143)
Deferred Taxation at end of Period 191,620 193,108

15. EQUITY

Authorised Capital

1,999,200,000 Ordinary Shares of $1 each 1,999,200 1,999,200
800,000 Preference Shares of $1 each - 800
Total Authorised Capital 1,999,200 2,000,000

Issued and Uncalled Capital

100,000 Ordinary Shares of $1 each
Issued and Paid up Capital
1,000,000,000 Ordinary Shares of $1 each issued at a premium of $1.50
1,000,000 1,000,000
800,000 Redeemable Cumulative Preference Shares of $1 each, issued at a Premium of $999 each

  •      800

    Total Issued and Paid up Capital 1,000,000 1,000,800

Share Premium Reserve
In Respect of Ordinary Shares 1,500,000 1,500,000
In Respect of Preference Shares - 799,200
Total Share Premium Reserve 1,500,000 2,299,200

Total Paid up Capital and Share Premium Reserve 2,500,000 3,300,000

Reserves

Hydrology Reserve
Opening Balance 34,426 24,000
Transferred (to) from Net Surplus for the Period 43,483 (4,574)
Fuel Burnt - 15,000
Rebuilding the Reserve - -
Closing Balance 77,909 34,426

Capital Redemption Reserve
Opening Balance - -
Transferred from Net Surplus for the Period 800 -
Closing Balance 800 -

Retained Earnings
Opening Balance 492,231 580,723
Net Surplus for the Period 412,988 425,025
Dividends Paid or Provided (856,779) (489,112)
Transfers to Reserves (44,283) (10,426)
Total Appropriations (901,062) (499,538)
Closing Balance 4,157 506,210

Total Equity 2,582,866 3,840,636



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🏭 Financial Statements of Electricity Corporation of New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Deferred Taxation, Equity, Authorised Capital, Issued Capital, Share Premium, Reserves, Hydrology, Capital Redemption, Retained Earnings