✨ Financial Statements Notes
21 SEPTEMBER NEW ZEALAND GAZETTE
Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1998
2 SHARE CAPITAL
| 1998 | 1997 | |
|---|---|---|
| $000 | $000 | |
| Issued capital | 122,076 | 96,569 |
| less uncalled capital | 56 | |
| Opening issued and paid up capital as at 31 March 1997 | $122,076 | 96,513 |
| Calls on capital | 56 | |
| Closing issued and paid up capital as at 31 March 1998 | $122,076 | $96,569 |
Total number of ordinary shares issued as of 31 March 1998 amounted to 52,123,989.
3 RESERVES
| 1998 | 1997 | |
|---|---|---|
| $000 | $000 | |
| Balance as at 31 March 1997 | 25,506 | |
| Transfer to share capital | (25,506) | |
| Balance as at 31 March 1998 | $0 | $25,506 |
4 ASSET REVALUATION RESERVE
| 1998 | 1997 | |
|---|---|---|
| $000 | $000 | |
| Balance as at 31 March 1997 | 68,410 | |
| Network asset revaluation | 25,331 | 84,533 |
| less Deferred taxation on asset revaluation | (16,123) | |
| Balance as at 31 March 1998 | $93,741 | $68,410 |
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VUW Te Waharoa —
NZ Gazette 1998, No 151
NZLII —
NZ Gazette 1998, No 151
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Powerco Limited Financial Statements Certification
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🏭 Trade, Customs & Industry11 May 1998
Powerco Limited, Financial Statements, Share Capital, Reserves, Asset Revaluation, Network Asset Revaluation, Deferred Taxation