β¨ 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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VUW Te Waharoa —
NZ Gazette 1999, No 106
NZLII —
NZ Gazette 1999, No 106
β¨ LLM interpretation of page content
π
Hawke's Bay Network Ltd Financial Statements Notes
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Reserves, Asset Revaluation, Continued Activities, Discontinued Activities, Hawke's Bay Network Ltd