β¨ Financial Statements
2584 NEW ZEALAND GAZETTE No. 99
Power New Zealand Limited
| 1996 Network ($000) | 1995 Network ($000) | 1996 Energy ($000) | 1995 Energy ($000) | |
|---|---|---|---|---|
| 7 RESERVES REVALUATION RESERVE | ||||
| Opening Balance 1 April | 370,312 | - | - | - |
| Transfer upon Vesting | - | 135,718 | - | - |
| Surplus on ODV Valuation | 1,266 | 234,594 | - | - |
| Closing Balance 31 March | 371,578 | 370,312 | - | - |
| SHARE PREMIUM RESERVE | | | | |
| Opening Balance 1 April | 40,724 | - | - | - |
| Premium on Issue of Shares | - | 40,724 | - | - |
| Closing Balance 31 March | 40,724 | 40,724 | - | - |
| OTHER RESERVES | | | | |
| Opening Balance 1 April | 66,678 | - | 19,891 | - |
| Transfer upon Vesting | - | 116,567 | - | 35,401 |
| Issue of 135,000,000 Shares at $0.50| - | (49,889) | - | (15,510) |
| Closing Balance 31 March | 66,678 | 66,678 | 19,891 | 19,891 |
| RETAINED EARNINGS | | | | |
| Opening Balance 1 April | 24,014 | (18) | 38,538 | - |
| Transfer upon Vesting | - | 22,443 | - | 35,271 |
| Dividends | (26,139) | (17,355) | (7,800) | (6,123) |
| Transferred from Statement of Financial Performance | 18,131 | 18,944 | 14,961 | 9,390 |
| Closing Balance 31 March | 16,006 | 24,014 | 45,699 | 38,538 |
| 8 ACCOUNTS RECEIVABLE | | | | |
| Accounts Receivable - Trade | 13,584 | 14,195 | 16,651 | 9,856 |
| Other Receivables | 6,656 | 7,296 | 1,649 | 4,343 |
| | 20,240 | 21,491 | 18,300 | 14,199 |
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VUW Te Waharoa —
NZ Gazette 1996, No 99
NZLII —
NZ Gazette 1996, No 99
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Notes to Financial Statements of Power New Zealand Limited
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