New Zealand Gazette – 1997 – No. 118

Page 2801

✨ Financial Statements



8 SEPTEMBER NEW ZEALAND GAZETTE 2801

DEFERRED TAXATION RECONCILIATION

1997 Network ($000) 1996 Network ($000) 1997 Energy ($000) 1996 Energy ($000)
Opening Balance 1 April 2,267 441 - -
Deferred tax relating to 8,110 - - -
revaluation
Current Year Tax Charge 422 1,826 - -
Movement
Closing Balance 10,799 2,267 - -

IMPUTATION CREDIT ACCOUNT

Opening Balance 1 April 15,047 4,902 4,489 1,461

Imputation Credits attached to:
Dividends received 2,871 3,739 1,184 1,116
Taxation paid 16,908 16,983 6,974 5,069
Dividends paid (18,976) (10,577) (7,826) (3,157)

Imputation Credits available to shareholders 15,850 15,047 4,821 4,489

5 DIVIDEND

Dividend Paid 11,484 10,290 4,737 3,071
Dividend Proposed 14,616 15,849 6,030 4,729

                            26,100              26,139              10,767             7,800

6 ISSUED AND PAID UP CAPITAL

Authorised Capital
399,999,998 Ordinary Shares 200,000 200,000 - -
of $0.50 each
Issued and paid Up Capital 75,735 75,735 - -
151,470,220 Issued Shares
Fully Paid



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💰 Notes to and Forming Part of the Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Deferred Taxation, Imputation Credit, Dividends, Capital