New Zealand Gazette – 1998 – No. 123

Page 2958

✨ Financial Statements



KING COUNTRY ENERGY LIMITED AND SUBSIDIARY

STATEMENT OF MOVEMENTS IN EQUITY PREPARED IN ACCORDANCE WITH

THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

FOR THE YEAR ENDED 31 MARCH 1998

Note Lines Business 1997/1998 Energy Business 1997/1998 Generation Business 1997/1998 Lines Business 1996/1997 Energy Business 1996/1997 Lines Business 1995/1996 Energy Business 1995/1996
$ $

| Equity at Beginning of the Year | 13,749,575 | 1,550,028 | 1,725,590 | 13,046,357 | 4,117,255 | 12,738,671 | 3,981,927 |
| Transfer to Provision for Retirement Benefit (Net of related future tax benefit of $79,689) | - | - | - | - | - | (148,896) | (12,897) |

Surplus and Revaluation’s:

| Net Surplus / (Deficit) for the Period | 770,882 | (1,074,279) | 575,667 | 747,156 | (877,205) | 514,353 | 144,290 |
| Revaluation of Assets | - | - | - | 36,062 | 35,568 | 20,416 | 25,748 |

| Total recognised revenues and expenses for the period | 770,882 | (1,074,279) | 575,667 | 783,218 | (841,637) | 534,769 | 170,038 |

Other Movements:

| Distributions to Owners | 5 | (50,000) | - | - | (80,000) | - | (78,187) | (21,813) |

| Total other movements for the period | (50,000) | - | - | (80,000) | - | (78,187) | (21,813) |

| Equity at end of the period | 14,470,457 | 475,749 | 2,301,257 | 13,749,575 | 3,275,618 | 13,046,357 | 4,117,255 |

The Accompanying notes form an integral part of these Financial Statements.

NEW ZEALAND GAZETTE

No. 123



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🏭 King Country Energy Limited Financial Performance (continued from previous page)

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Financial Statements, Electricity, Revenue, Expenses, Operating Surplus, Income Tax, King Country Energy Limited