New Zealand Gazette – 1998 – No. 152

Page 3672

✨ Financial Statements

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

Notes	Gas Distribution $000	Gas Retailing $000	Other $000	Gas Distribution $000	Gas Retailing $000	Other $000
EQUITY AT 1 APRIL 1997	28,382	36	171,871	17,370	239	110,856

Operating surplus attributable to the shareholders
| | 2,931 | 358 | 19,803 | 1,931 | (203) | 16,235 |

Pre-acquisition operating surplus of Egmont Electricity Limited transferred to goodwill
| | | | | | | (2,060) |

Revaluation of network assets
| | | | 25,331 | 12,374 | | 72,159 |

Deferred taxation in respect of revaluation
| | | | (2,360) | | | (13,763) |

Total recognised revenue and expenses for the year
| | 2,931 | 358 | 43,074 | 11,945 | (203) | 74,631 |

Contributions from shareholders
Partly paid shares received
| | | | | 8 | | 48 |

Opening equity adjustment
| | (1,715) | 252 | 1,463 | | | (12) |

| | (1,715) | 252 | 1,463 | 8 | | 36 |

Distributions to shareholders
Share repurchase
| | (860) | (105) | | (5,811) | (437) | (6,337) |

Dividends - paid
| 11 | (1,456) | (177) | | (9,834) | (504) | (7,315) |

Dividends - proposed
| 11 | | | | | | |

| | (2,316) | (282) | (15,645) | (941) | | (13,652) |

EQUITY AT 31 MARCH 1998
| | $27,282 | $364 | $200,763 | $28,382 | $36 | $171,871 |

NEW ZEALAND GAZETTE
No. 152

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VUW Te Waharoa — NZ Gazette 1998, No 152

NZLII — NZ Gazette 1998, No 152

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Powerco Limited Gas Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated20 August 1998
KeywordsGas, Information Disclosure, Regulations, Powerco Limited, Financial Statements, Certification

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