Financial Statements




Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1997

19 DECEMBER

2 SHARE CAPITAL

1997 1996
$000 $000

Issued capital | 96,569| 18,028|
less uncalled capital | — | 56 | 1,335|

Opening issued and paid up capital as at 31 March 1996 | 96,513 | 16,693|
Calls on capital | 56 | 1,279|
Bonus share issue | — | 3,541|
Share capital transferred from Taranaki Energy Limited | — | 75,000|

Closing issued and paid up capital as at 31 March 1997 | $96,569 | $96,513|

Total number of ordinary shares issued as of 31 March 1997 amounted to 52,123,989.

3 RESERVES

1997 1996
$000 $000

Balance as at 31 March 1996 | 25,506 | 26,607|
Bonus share issue transferred to capital | — | (3,541)|
Reserves transferred from Taranaki Energy Limited | — | 2,440|

Balance as at 31 March 1997 | $25,506 | $25,506|

NEW ZEALAND GAZETTE



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🏭 Statement of Accounting Policies for Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Financial Statements, Powerco Limited, Deferred Tax, Gas Information Disclosure Regulations

🏭 Share Capital and Reserves for the Year Ended 31 March 1997

🏭 Trade, Customs & Industry
19 December 2026
Share Capital, Reserves, Financial Statements, Powerco Limited