New Zealand Gazette – 1996 – No. 110

Page 2811

✨ Financial Statements



9 SEPTEMBER NEW ZEALAND GAZETTE 2811

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (Continued)

Line Business Energy Business
This Year $ Last Year $ This Year $ Last Year $
Imputation Credit Account:
Opening Balance 2,549,096 1,381,682 168,765 -
Imputation credits attached to dividends paid (643,844) (334,925) - -
Income tax payments during year 1,570,397 1,502,339 325,410 168,765
3,475,649 2,549,096 494,175 168,765
5. Dividends:
Dividends - Paid - - - -
- Proposed 2,854,300 1,307,200 413,700 -
2,854,300 1,307,200 413,700 -
6. Fixed Assets:
Distribution System - Cost 64,208,515 61,976,410 5,410,237 4,199,637
Less Accumulated Depreciation (27,598,004) (25,419,341) ( 300,484) ( 63,367)
36,610,511 36,557,069 5,109,753 4,136,270
Buildings - At Valuation 5,301,172 5,334,521 526,025 519,433
- At Cost 494,064 - - -
Less Accumulated Depreciation (218,162) (110,810) (18,928) ( 9,497)
5,577,074 5,223,711 507,097 509,936
Plant and Equipment - Cost 2,839,263 2,256,397 265,185 179,217
Less Accumulated Depreciation (1,419,052) (1,185,862) (126,618) ( 94,213)
1,420,211 1,070,535 138,567 85,004
Motor Vehicles - Cost 3,040,599 2,732,906 125,803 103,822
Less Accumulated Depreciation (1,970,778) (1,701,320) ( 57,852) ( 38,590)
1,069,821 1,031,586 67,951 65,232
Land - At Valuation 1,136,940 1,612,792 152,602 137,200
45,814,557 45,495,693 5,975,970 4,933,642
- Revalued Land and Buildings are stated at net
current values as at 31 March 1994, as
determined by Coutts Milburn Ltd, Registered
Valuers of Whangarei.
7. Share Capital:
Authorised, issued and paid up capital,
40,849,998 ordinary shares of $1 each,
31 March 1996 32,600,000 32,600,000 8,249,998 7,400,000
Authorised and issued during the year - - - 849,998
Total Issued and Paid Up Capital 32,600,000 32,600,000 8,249,998 8,249,988
8. Asset Revaluation Reserve:
Opening Balance 4,438,744 4,614,064
Transfer to Retained Earnings (208,674) ( 175,322)
Balance 31 March 1996 4,230,070 4,438,742


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🏭 Financial Statements Disclosure by Northpower Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Operating Revenue, Taxation, Equity