New Zealand Gazette – 1998 – No. 123

Page 2965

✨ Financial Statements

KING COUNTRY ENERGY LIMITED AND SUBSIDIARY

NOTES TO THE ANNUAL FINANCIAL STATEMENTS 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

5. DIVIDENDS

Interim Dividend
| | | | | | 15,637 | 4,363 |
|-----|-----|-----|-----|-----|-------|-------|
Final Dividend Proposed
| 50,000 | | | 80,000 | | 62,550 | 17,450 |
| 50,000 | | | 80,000 | | 78,187 | 21,813 |

6. SHARE CAPITAL

15,000,000 shares fully paid

| | 12,392,179 | 1,495,564 | 1,698,905 | 12,426,811 | 3,159,838 | 11,963,189 | 3,036,811 |

7. RESERVES

Movements in Reserves were:
Share Premium Reserve
Balance at Beginning of Year
| | 463,622 | 123,027 | | 463,622 | 123,027 |
Transfer to Share Capital in Accordance with Companies Act 1993
| | | | 463,622 | 123,027 |
Balance at End of the Year
| | | | | | 463,622 | 123,027 |

Asset Revaluation Reserve
Balance at Beginning of the Year
| 37,519 | | 61,316 | 41,443 | 25,749 | 21,028 | |
Transfer from Retained Earnings on disposal of Fixed Assets
| 94,058 | | | (3,924) | 35,567 | 20,415 | 25,749 |
Balance at End of the Year
| 131,577 | | 61,316 | 37,519 | 61,316 | 41,443 | 25,749 |

Total Reserves
| 131,577 | | 61,316 | 37,519 | 61,316 | 505,065 | 148,776 |

Retained Earnings
Balance at Beginning of the Year
| 1,285,245 | 54,464 | | 578,103 | 931,668 | 290,832 | 822,089 |

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VUW Te Waharoa — NZ Gazette 1998, No 123

NZLII — NZ Gazette 1998, No 123

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsDividend, Taxation, Balance, Financial Statements

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