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New Zealand Gazette – 1998 – No. 146

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✨ Financial Statements Notes

3528 NEW ZEALAND GAZETTE No. 146

TRUSTPOWER LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998

NOTE 7: RESERVES

(a) Revaluation reserve

LINE BUSINESS $'000	ENERGY BUSINESS $'000	GENERATION BUSINESS $'000
Balance at beginning of year	96,277	-
Revaluation of fixed assets	(8,800)	-
Balance at end of year	87,477	-

(b) Retained earnings

LINE BUSINESS $'000	ENERGY BUSINESS $'000	GENERATION BUSINESS $'000
Retained earnings at the beginning of the year	5,518	(1,209)
Profit for year	15,836	825
Dividends	(14,252)	(742)
Retained earnings at the end of the year	7,102	(1,126)

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VUW Te Waharoa — NZ Gazette 1998, No 146

NZLII — NZ Gazette 1998, No 146

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for TrustPower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Reserves, Revaluation, Retained Earnings, TrustPower Limited, Energy Business, Generation Business, Line Business

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