✨ Financial Tables
11. SHARE CAPITAL
Ordinary class A shares
102,020,202 issued and fully paid shares
| 1998 Total Activities $000 | 1997 Total Activities $000 | |
|---|---|---|
| 102,020 | 102,020 |
Ordinary class B shares
197,979,798 issued and fully paid shares
| 1998 Total Activities $000 | 1997 Total Activities $000 | |
|---|---|---|
| 197,980 | 197,980 |
Ordinary class C shares
6 issued and uncalled shares
| 1998 Total Activities $000 | 1997 Total Activities $000 | |
|---|---|---|
| 300,000 | 300,000 |
The ordinary class A shares and the ordinary class B shares can only be held by the Auckland Energy Consumer Trust and may only be dealt with pursuant to the Trust Deed.
The ordinary class A shares and the ordinary class C shares are voting securities.
The ordinary class B shares are non voting securities.
Otherwise all ordinary shares rank equally.
12. RETAINED EARNINGS
| 1998 | 1997 | |
|---|---|---|
| Line Activities $000 | Electricity Retailing Activities $000 | |
| -------------------------------- | ----------------------- | ------------------------------------- |
| Balance as at 1 April | 35,474 | 20,778 |
| Operating (deficit) / surplus | ||
| attributable to the | ||
| shareholders of the parent | ||
| company | (42,588) | 10,305 |
| Total available for | ||
| appropriation | (7,115) | 31,083 |
| Dividends | - | - |
| Balance as at 31 March | (7,115) | 31,083 |
THE NEW ZEALAND GAZETTE
No. 160
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VUW Te Waharoa —
NZ Gazette 1998, No 160
NZLII —
NZ Gazette 1998, No 160
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Taxation and Financial Tables
(continued from previous page)
💰 Finance & RevenueTaxation, Financial Tables, Electricity Generation, Retailing Activities, Operating Surplus, Prima Facie Taxation, Permanent Differences, Taxation Expense, Current Taxation, Future Taxation, Imputation Credit Account, Dividends, Share Capital, Retained Earnings