New Zealand Gazette – 1997 – No. 118

Page 2802

✨ Financial Statements



2802 NEW ZEALAND GAZETTE No. 118

7 RESERVES REVALUATION RESERVE

1997 Network ($000) 1996 Network ($000) 1997 Energy ($000) 1996 Energy ($000)
Opening Balance 1 April 371,578 370,312 - -
Transfer arising from disposal of fixed assets (180) - - -
Surplus on revaluation of additions in period 2,294 1,266 - -
Net adjustment to ODV (412) - - -
Deferred tax in relation to revaluation of fixed assets (8,110) - - -
Closing Balance 31 March 365,170 371,578 - -

SHARE PREMIUM RESERVE

1997 Network ($000) 1996 Network ($000) 1997 Energy ($000) 1996 Energy ($000)
Opening Balance 1 April 40,724 40,724 - -
Closing Balance 31 March 40,724 40,724 - -

OTHER RESERVES

1997 Network ($000) 1996 Network ($000) 1997 Energy ($000) 1996 Energy ($000)
Opening Balance 1 April 66,678 66,678 19,891 19,891
Closing Balance 31 March 66,678 66,678 19,891 19,891

RETAINED EARNINGS

1997 Network ($000) 1996 Network ($000) 1997 Energy ($000) 1996 Energy ($000)
Opening Balance 1 April 16,006 24,014 45,699 38,538
Transfer from revaluation reserve 180 - - -
Dividends (26,100) (26,139) (10,767) (7,800)
Transferred from Statement of Financial Performance 30,947 18,131 14,434 14,961
Closing Balance 31 March 21,033 16,006 49,366 45,699

8 ACCOUNTS RECEIVABLE

1997 Network ($000) 1996 Network ($000) 1997 Energy ($000) 1996 Energy ($000)
Accounts Receivable - Trade 18,807 13,584 19,814 16,651
Other Receivables 5,921 6,656 2,276 1,649
24,728 20,240 22,090 18,300


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

💰 Finance & Revenue
Financial Statements, Reserves, Revaluation, Share Premium, Retained Earnings, Accounts Receivable