New Zealand Gazette – 1999 – No. 124

Page 2965

✨ Financial Statements

17 SEPTEMBER NEW ZEALAND GAZETTE 2965

Shareholder Funds

Issued Capital – Fully Paid

Ordinary Shares
Opening Balance of 10,440,921 Ordinary Shares @ $1.00 per Share 10,440,921 7,164,505
Shares Issued on Transfer Share Premium Account - 3,386,302
Transfer to ‘other’ Business due to Allocation method change (1,645,053) -
Ordinary Shares Redeemed @ $1.00 each 195,324 109,886

Closing Balance of 8,600,544 Ordinary Shares @ $1.00 per Share 8,600,544 10,440,921

Rebate Shares
Opening Balance of 278,233 Rebate Shares @ $1.00 per Share 278,233 276,108
Transfer to ‘other’ Business due to Allocation method change (43,838) -
Rebate Shares of $1.00 each Issued in Lieu of Rebate and purchased for cash 128,855 2,268
Rebate Shares Redeemed @ $1.00 each 7,562 143

Closing Balance of 355,688 Rebate Shares @ $1.00 per Share 355,688 278,233

Redeemable Preference Shares
Opening Balance of 2,683,295 Redeemable Preference Shares of $1.00 Each 2,683,295 2,683,295
Transferred to Current Liabilities (2,683,295) -

Closing Balance - 2,683,295

Share Premium Reserve
Opening Balance - 408,965
Redemptions - 21,549
Writedown Premium Reserve to Retained Earnings - 1,114
Transfer to Ordinary Shares - 3,386,302

Closing Balance - -

Rights of Share on Issue
Ordinary Shares:

The Nominal Value of Ordinary Shares is $1.00 each. These shares rank pari passu on return of capital upon liquidation. The return on shares is calculated on the basis of electricity consumption. The shares are not tradeable. Ordinary shares will have 1 vote for each Ordinary share held, but a holder will not be able to exercise more than 10% of the total votes cast at a meeting of the Company.

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VUW Te Waharoa — NZ Gazette 1999, No 124

NZLII — NZ Gazette 1999, No 124

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Statement of Shareholder Funds for the year ended 31 March 1999 (continued from previous page)

Domain💰 Finance & Revenue
KeywordsShareholder Funds, Issued Capital, Ordinary Shares, Rebate Shares, Redeemable Preference Shares, Share Premium Reserve, Financial Statements

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