✨ Financial Statements Notes




1 SEPTEMBER

NEW ZEALAND GAZETTE

2529

HAWKES BAY NETWORK LIMITED AND SUBSIDIARY

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 1999

12 RESERVES

Lines Business 1999 1998
$000 $000

Asset Revaluation Reserve

Balance at beginning of year

Revaluation Of Network Assets

  • 49,405

Less deferred taxation on asset revaluation

  • (8,383)

41,022

Revaluation Of Land

  • 713

Balance as at 31 March

  • 41,735

13 CONTINUING AND DISCONTINUED ACTIVITY STATEMENT

Other Business 1999 1998
$000 $000

Continued Activities

Operating Revenue

  • 17,538

Operating Surplus Before Taxation

  • (2,041)

Discontinued Activities

Operating Revenue

  • 20,370

Operating Surplus Before Taxation

  • (4,186) 2,453

The discontinued activity was the Electricity Retailing Business



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🏭 Hawke's Bay Network Ltd Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Reserves, Asset Revaluation, Continued Activities, Discontinued Activities, Hawke's Bay Network Ltd