New Zealand Gazette – 1997 – No. 105

Page 2454

✨ Financial Statements



KING COUNTRY ENERGY LIMITED

NOTES TO THE ANNUAL FINANCIAL STATEMENTS PREPARED IN ACCORDANCE

WITH THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

FOR THE YEAR ENDED 31 MARCH 1997

Note Lines Business 1995/1996 Energy Business 1995/1996 Lines Business 1995/1996 Energy Business 1995/1996 Lines Business 1994/1995 Energy Business 1994/1995

5. DIVIDENDS

Interim Dividend

  • | - | 15,637 | 4,363 | - | -
    Final Dividend Proposed
    80,000 | - | 62,550 | 17,450 | - | 60,000
    80,000 | - | 78,187 | 21,813 | - | 60,000

6. SHARE CAPITAL

Authorised Share Capital - Total Company
15,000,000 ordinary shares of $1.00 each

Lines Business Energy Business
1995/1996 12,426,811 3,159,838
Issued and Paid up Capital
Ordinary shares of $1.00 each full paid 12,426,811 3,159,838
Lines Business Energy Business
1995/1996 11,963,189 3,036,811
1994/1995 11,963,189 3,036,811

7. RESERVES

Movements in Reserves were:

Share Premium Reserve:

Lines Business 1995/1996 Energy Business 1995/1996
Balance at Beginning of Year 463,622 123,027
Transfer to Share Capital in Accordance with Companies Act 1993 - -
Balance at End of the Year 463,622 123,027
Lines Business 1995/1996 Energy Business 1995/1996
Balance at Beginning of Year 463,622 123,027
Lines Business 1994/1995 Energy Business 1994/1995
Balance at Beginning of Year 463,622 123,027

Asset Revaluation Reserve:

Lines Business 1995/1996 Energy Business 1995/1996
Balance at Beginning of the Year 41,443 25,749
Net Surplus on Revaluation of Land and Buildings (3,924) 35,567
Balance at End of the Year 37,519 61,316
Lines Business 1995/1996 Energy Business 1995/1996
Balance at Beginning of the Year 21,028 -
Net Surplus on Revaluation of Land and Buildings 20,415 25,749
Balance at End of the Year 41,443 25,749
Lines Business 1994/1995 Energy Business 1994/1995
Balance at Beginning of the Year 21,028 -

Total Reserves

Lines Business 1995/1996 Energy Business 1995/1996
37,519 61,316
Lines Business 1995/1996 Energy Business 1995/1996
505,065 148,776
Lines Business 1994/1995 Energy Business 1994/1995
484,650 123,027

THE NEW ZEALAND GAZETTE
No. 105



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements of King Country Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Investments, Fixed Assets, Depreciation, Taxation, Development Assets, GST, Employee Entitlements, Accounting Policy