✨ Financial Statement




POWERCO LIMITED

Statement of Movements in Equity

for the year ended 31 March 1996

Notes 31 March 1996 31 March 1995
Line Energy Other Total Line Energy
$000 $000 $000 $000 $000 $000
EQUITY AT 1 APRIL 1995 97,446 9,916 40,806 148,168 90,086 9,758
OPERATING SURPLUS ATTRIBUTABLE TO THE SHAREHOLDERS 7,964 (767) 3,862 11,059 7,797 424
Contributions from shareholders
Partly paid shares received 1,064 215 1,279 914 49
Distributions to shareholders
Share repurchase (8,421) (374) (6,205) (15,000)
Dividends - paid 20 (4,080) (179) (3,006) (7,265) (3,571) (438)
- proposed 20 (5,993) (550) (3,100) (9,643)
(18,494) (1,103) (12,311) (31,908) (3,571) (438) (1,055)
Reserves transfers
Transfer to reserves 2,220 123
Transfer to tax provision (73) (5) (55) (133)
(73) (5) (55) (133) 2,220 123 1,215
EQUITY AT 31 MARCH 1996 87,907 8,256 32,302 128,465 97,446 9,916

THE NEW ZEALAND GAZETTE
4 SEPTEMBER



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