✨ Financial Statements




17 SEPTEMBER

NEW ZEALAND GAZETTE

2961

STATEMENT OF MOVEMENTS IN EQUITY

for the year ended 31 March 1999

31.3.99 $ 31.3.99 $ 31.3.98 $
Equity at start of Year 17,851,960 16,853,832
Adjustment due to Allocation Method change (2,389,948)
Adjusted Equity at start of year 15,462,012
Net Surplus after Tax 2,092,463 860,266
Total Recognised Revenues Less Expenses 2,092,462 860,266
17,554,474 17,714,098

Add Contributions from Owners during Year

Transfer from Capital Redemption Reserve 462,799
Rebate B Shares Issued 128,855 2,268
Retained Earnings Adjustment - 1,114
128,855 466,181

Deduct Distributions to Owners during the Year

Redemption Ordinary Shares during the Year 195,324 109,886
Redemption Ordinary Share Premium - 21,549
Dividend on Preference Shares 197,404 195,627
Rebate B Shares Redeemed 7,562 143
Writedown of Share Premium - 1,114
Transfer Preference Shares to Current Liabilities 2,683,295 -
3,083,585 328,319

| Equity at end of Year | | 14,599,744 | 17,851,960 |



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✨ LLM interpretation of page content

πŸ’° Statement of Movements in Equity for the year ended 31 March 1999 (continued from previous page)

πŸ’° Finance & Revenue
Equity, Financial Statements, Revenue, Expenses, Contributions, Distributions