New Zealand Gazette – 1998 – No. 135

Page 3289

✨ Financial Statements



7 SEPTEMBER NEW ZEALAND GAZETTE 3289

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)

7 RESERVES

REVALUATION RESERVE:

1998 Network ($000) 1997 Network ($000) 1998 Energy ($000) 1997 Energy ($000) 1998 Generation ($000)
Opening Balance 1 April 355,154 371,578 - - -
Transfer arising from disposal of fixed assets - (180) - - -
Surplus on revaluation of additions in period - 2,294 - - -
Net adjustment to ODV - (10,428) - - -
Deferred tax in relation to revaluation of fixed assets - (8,110) - - -
Closing Balance 31 March 355,154 355,154 - - -

OTHER RESERVES

1998 Network ($000) 1997 Network ($000) 1998 Energy ($000) 1997 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

1998 Network ($000) 1997 Network ($000) 1998 Energy ($000) 1997 Energy ($000) 1998 Generation ($000)
Opening Balance 1 April 21,033 16,006 49,366 45,699 -
Transfer from Revaluation Reserve - 180 - - -
Dividends (35,777) (26,100) (13,364) (10,767) (719)
Transferred from Statement of Financial Performance 45,365 30,947 14,575 14,434 784
Closing Balance 31 March 30,621 21,033 50,577 49,366 65

8 ACCOUNTS RECEIVABLE

1998 Network ($000) 1997 Network ($000) 1998 Energy ($000) 1997 Energy ($000) 1998 Generation ($000)
Accounts Receivable - Trade 17,768 18,807 19,855 19,814 897
Other Receivables 6,128 5,921 2,196 2,276 88
Total 23,896 24,728 22,051 22,090 985


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💰 Notes to Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Revenue, Expenses, Taxation, Depreciation, Audit Fees, Interest, Directors Fees