New Zealand Gazette – 1999 – No. 128

Page 3081

✨ Financial Statements



20 SEPTEMBER NEW ZEALAND GAZETTE 3081

MAINPOWER NEW ZEALAND LTD

Lines Business Statement of Financial Performance

For The Year Ended 31 March 1999

Note 1999 $000 1998 $000
Operating Revenue 1 21,576
Operating Expenditure 1 (17,366)
Operating Surplus Before Interest & Taxation 4,210
Interest Expense (2) (1,012)
Taxation (1,012)
Operating Surplus After Taxation 3,196
Share of Realised Earnings of Associated Company -
Net Surplus 4 3,196

Lines Business Statement of Movements in Equity

for the Year Ended 31 March 1999

Note 1999 $000 1998 $000
Equity at Start of Period 9 29,076
Dividend from Other Business Activities -
Net Surplus 4 3,196
Recognition of Opening ODV Valuation of Assets 53,876
Increase in Asset Revaluation Reserve 1,917
Total Recognised Revenues and Expenses 58,989
Equity at the End of the Period 88,065

Lines Business Statement of Financial Position

As At 31 March 1999

Note 1999 $000 1998 $000

Equity

| Share Capital | 2 | 23,411 | 30,405 |
| Reserves | 3 | 61,892 | 5,887 |
| Retained Earnings | 4 | 2,762 | 9,789 |
| Total Equity | | 88,065 | 46,081 |

Non Current Liabilities |

| | 67 | 951 |

Current Liabilities

| Accounts Payable and Accruals | 7 | 1,154 | 1,589 |

| Total Equity and Liabilities | | 89,286 | 48,621 |

Non Current Assets

| Investment in Associates | | - | 64 |
| Fixed Assets | 5 | 86,159 | 33,847 |
| Total Non Current Assets | | 86,159 | 33,911 |

Current Assets

| Bank and Short term deposits | | 1,115 | 11,987 |
| Receivables and Prepayments | 6 | 2,012 | 2,455 |
| Inventory | | - | 268 |
| Total Current Assets | | 3,127 | 14,710 |

| Total Assets | | 89,286 | 48,621 |



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🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Goods and Services Tax, Allocation of Costs, Business Accounting Separation, Rebate Shares, Comparative Figures, MainPower New Zealand Ltd