✨ Financial Statement




7 SEPTEMBER NEW ZEALAND GAZETTE 3283

2.7 STATEMENT OF MOVEMENTS IN EQUITY

For the year ended 31 March

1998 Network 1997 Network 1998 Energy 1997 Energy 1998 Generation
($000) ($000) ($000) ($000) ($000)
Equity at Start of Year 559,324 570,721 69,257 65,590 0
Net Surplus for the Year 45,365 30,947 14,575 14,434 784
Decrease in Revaluation Reserve 7 0 (16,244) 0 0
Distribution to Owners during the Year (35,777) (26,100) (13,364) (10,767) (719)

| Equity at End of Year | 568,912 | 559,324 | 70,468 | 69,257 | 65 |



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✨ LLM interpretation of page content

πŸ’° Statement of Movements in Equity (continued from previous page)

πŸ’° Finance & Revenue
Equity, Financial Movements, Net Surplus, Revaluation Reserve, Distribution to Owners