New Zealand Gazette – 1998 – No. 151

Page 3649

✨ Powerco Limited Financial Statements

POWERCO LIMITED
STATEMENT OF MOVEMENTS IN EQUITY
FOR THE YEAR ENDED 31 MARCH 1998

Notes	Electricity Line $000	Electricity Energy $000	Generation $000	Other $000	Electricity Line $000	Electricity Energy $000	Other $000
	31 March 1998		31 March 1997

EQUITY AT 1 APRIL 1997
| | 141,020 | 9,787 | 20,445 | 29,037 | 88,810 | 9,509 | 30,146 |

Operating surplus attributable to the shareholders
| | 12,457 | 756 | 3,473 | 6,405 | 15,147 | 1,659 | 1,157 |

Pre-acquisition operating surplus of Egmont Electricity Limited transferred to goodwill
| | (1,538) | (93) | (429) | | | |

Revaluation of network assets
| | 25,331 | | | | 61,325 | 23,208 |

Deferred taxation in respect of revaluation
| | | | | | (11,697) | (4,426) |

Total recognised revenue and expenses for the year
| | 36,250 | 663 | 3,044 | 6,405 | 64,775 | 1,659 | 19,939 |

Contributions from shareholders
Partly paid shares received
| | | | | | 35 | 3 | 18 |

Opening equity adjustment
| | (1,182) | (38) | 2,684 | (1,463) | (296) | (36) | 320 |
| | (1,182) | (38) | 2,684 | (1,463) | (261) | (33) | 338 |

Distributions to shareholders
Share repurchase
| | | (3,655) | (222) | (1,019) | (1,880) | (5,711) | (626) |
Dividends - paid
| 11 | (6,186) | (375) | (1,725) | (3,181) | (6,593) | (722) | (504) |
- proposed
| 11 | | | | | | |
| | (9,841) | (597) | (2,744) | (5,061) | (12,304) | (1,348) | (941) |

EQUITY AT 31 MARCH 1998
| | $166,247 | $9,815 | $23,429 | $28,918 | $141,020 | $9,787 | $49,482 |

21 SEPTEMBER
NEW ZEALAND GAZETTE

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VUW Te Waharoa — NZ Gazette 1998, No 151

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✨ LLM interpretation of page content

🏭 Powerco Limited Financial Statements Certification (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated11 May 1998
KeywordsPowerco Limited, Financial Statements, Electricity, Information Disclosure, Certification

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