Financial Statements Notes




2280 NEW ZEALAND GAZETTE No. 82

NOTE 3. SHARE CAPITAL 1995
Authorised Capital
Ordinary Shares at $1.00 each 13,431,917
Fully paid up Share Capital $ 13,431,917

NOTE 4. PROVISIONS & RESERVES 1995
Adverse Event Reserve
Balance at 31 March 1995 $ 500,000
Capital Reserve
Balance at 31 March 1995 $ 18,653
Asset Revaluation Reserve
Balance at 31 March 1995 $ 17,469,190

NOTE 5. FIXED ASSETS
Network Fixed Assets are recorded at Optimised Deprival Value. All “Other Assets” are shown at depreciated cost. PowerNet Limited contracted out all field-work from 1 July, 1995, this will significantly reduce “Other Assets” at 31 March, 1996.
Network Assets 35,529,127
Other Assets 1,175,193
$ 36,704,320

NOTE 6. CASH & INVESTMENTS 1995
Cash Imprests 100
Cash at Bank 181,049
Short Term Deposits 2,660,000
$ 2,841,149

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💰 Notes to and Forming Part of the Line Business Financial Statements (continued from previous page)

💰 Finance & Revenue
4 August 1995
Financial Statements, Share Capital, Provisions, Reserves, Fixed Assets, Cash, Investments