✨ Financial Statements
3 SEPTEMBER
NEW ZEALAND GAZETTE
2621
MAINPOWER NEW ZEALAND LTD
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 1996
| Notes | 1996 $000 | 1995 $000 |
|---|---|---|
| 1 | ||
| Net Surplus Before Taxation | 6,583 | 5,563 |
After Charging
| 1996 | 1995 | |
|---|---|---|
| Depreciation | 2,311 | 2,187 |
| Interest | 5 | 45 |
| Operating Lease Costs | 270 | 262 |
2. Share Capital
Authorised Capital
50,000,000 Ordinary Shares of One Dollar Each
30,400,000 Ordinary Shares of One Dollar Each* | 30,400 | 50,000
50,000 Redeemable Preference Shares of Ten Cents Each | 5 | -
Total Authorised Capital | 30,405 | 50,000
Issued and Paid Up Capital
25,000,000 Ordinary Shares of One Dollar Each | 25,000 | 25,000
30,400,000 Ordinary Shares of One Dollar Each | 30,400 | -
50,000 Redeemable Preference Shares of Ten Cents Each | 5 | -
Total Issued and Paid Up Capital | 30,405 | 25,000
*At an Extraordinary General Meeting of the Company held on the 20th of October 1995, the Shareholders of MainPower New Zealand Ltd resolved to diminish the authorised share capital of the Company by the cancellation of 19,600,000 Ordinary Shares of $1.00 each.
Issued and Paid Up Capital Movements
| 1996 | 1995 | |
|---|---|---|
| Opening Balance | 25,000 | 25,000 |
| Ordinary Share Bonus Issue | 5,400 | - |
| Redeemable Preference Share Bonus Issue | 5 | - |
Total Issued and Paid Up Capital | 30,405 | 25,000 |
3. Dividends and Bonus Issues
Dividends Paid
Ordinary Shares | 4,150 | -
Bonus Issue
Ordinary Shares | 5,400 | -
Redeemable Preference Share Issue | 5 | -
Total Distributions | 9,555 | -
Dividends Paid
A cash dividend of $0.166 cents per ordinary share ($4,150,000) was made on 19 October 1995 which carried full imputation credits. The gross dividend including imputation credits was $6,194,029.
Bonus Share Issue
A bonus issue of ordinary shares was made on 20 October 1995. The MainPower Trust received 5,400,000 ordinary share or one ordinary share for every 4,6296297 shares held. The gross taxable value of the bonus share issue including imputation credits was $8,059,701.
Redeemable Preference Share Issue
A bonus issue of 50,000 Redeemable Preference Shares at a nominal value of 10 cents per share ($5,000) was made to the MainPower Trust on 24 October 1995. The gross taxable value of the rebate share issue including imputation credits was $7,462.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1996, No 101
NZLII —
NZ Gazette 1996, No 101
✨ LLM interpretation of page content
🏭
Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Accounting Policies, Fixed Assets, Depreciation, Electricity, Income Tax, GST, Business Accounting, Intercompany Loans, Line Losses