✨ Financial Statements
4564 NEW ZEALAND GAZETTE No. 173
TRANS POWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1996
16. RETAINED EARNINGS
| 30 June 1996 | 30 June 1995 | |
|---|---|---|
| $000 | $000 | |
| Balance at the beginning of the year | 30,751 | - |
| Earnings after tax | 96,395 | 84,523 |
| Retained earnings available for appropriation | 127,146 | 84,523 |
| Transfer from the asset revaluation reserve* | 10,488 | (3,058) |
| Dividends paid or payable: | ||
| Interim dividends paid | (30,919) | (17,977) |
| Final dividends accrued but not paid | (31,739) | (32,737) |
| Total dividends paid or payable | (62,658) | (50,714) |
| Balance at the end of the year | 74,976 | 30,751 |
Share of associate entity’s retained earnings
| | | |
| Balance at the beginning of the year | - | - |
| Share of post tax deficit for the year | (498) | - |
| Balance at the end of the year | (498) | - |
Total Retained Earnings at the end of the year | 74,478 | 30,751 |
- The revaluation increment/(decrement) in respect of fixed assets disposed of during the year is transferred from the asset revaluation reserve to retained earnings upon the assets’ disposal.
17. CAPITAL COMMITMENTS
| Capital commitments in respect of contracts for capital expenditure: | 30 June 1996 | 30 June 1995 |
|---|---|---|
| $000 | $000 | |
| Within one year | 38,304 | 38,341 |
| One to two years | 701 | 3,460 |
| Two to five years | 95 | - |
| Later than five years | - | - |
| Total Capital Commitments | 39,100 | 41,801 |
Page 25
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1996, No 173
NZLII —
NZ Gazette 1996, No 173
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Trans Power New Zealand Limited
(continued from previous page)
🏭 Trade, Customs & Industry5 November 1996
Financial Statements, Retained Earnings, Capital Commitments, Dividends, Asset Revaluation