New Zealand Gazette – 1999 – No. 125

Page 3004

✨ Financial Statements Notes



3004 NEW ZEALAND GAZETTE No. 125

2.5 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)

For the year ended 31 March 1999

1999 ($000) 1998 ($000)
5) Dividend
Dividend paid 37,888 12,859
Dividend proposed 21,984 25,157
59,872 38,016
1999 ($000) 1998 ($000)
6) Share capital
Opening balance 1 April 129,359 129,269
Movement in shares (8) 90
Closing balance 31 March 129,351 129,359
159,617,660 ordinary shares fully paid
1999 ($000) 1998 ($000)
7) Reserves
Revaluation reserve:
Opening balance 1 April 403,921 403,921
Transfer arising from disposal of fixed assets (27,040) -
Surplus on revaluation of additions in period - -
Net adjustment to ODV - -
Deferred tax in relation to revaluation of fixed assets 8,110 -
Closing balance 31 March 384,991 403,921
1999 ($000) 1998 ($000)
Other reserves:
Opening balance 1 April 66,678 66,678
Closing balance 31 March 66,678 66,678
1999 ($000) 1998 ($000)
Retained earnings
Opening balance 1 April 31,825 21,226
Transfer from revaluation reserve 27,040 -
Dividends (59,872) (38,016)
Transferred from statement of financial performance 17,587 48,615
Closing balance 31 March 16,580 31,825
1999 ($000) 1998 ($000)
8) Accounts payable
Trade and other creditors 38,349 12,796
Interest payable 7,864 -
Closing balance 31 March 46,213 12,796

| Sundry payables | | |
| Accrued payroll | - | 160 |
| Other accruals | - | 216 |
| Provision for holiday pay | 553 | - |
| Expenditure provision | 4,174 | - |
| Closing balance 31 March | 4,727 | 376 |



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1999, No 125


NZLII — PDF NZ Gazette 1999, No 125




✨ LLM interpretation of page content

💰 Notes to Financial Statements for the year ended 31 March 1999 (continued from previous page)

💰 Finance & Revenue
Financial Statements, Dividends, Share Capital, Reserves, Retained Earnings, Accounts Payable