New Zealand Gazette – 1999 – No. 129

Page 3108

✨ Financial Statement

3108

NEW ZEALAND GAZETTE

No. 129

POWERCO LIMITED
STATEMENT OF MOVEMENTS IN EQUITY
FOR THE YEAR ENDED 31 MARCH 1999

Notes	31 March 1999 Electricity Line $000	31 March 1998 Electricity Line $000
EQUITY AT 1 APRIL 1998	166,247	141,020
Operating surplus attributable to the shareholders	13,102	12,457
Pre-acquisition operating surplus of Egmont Electricity Limited transferred to goodwill		(1,538)
Revaluation of network assets		25,331
Total recognised revenue and expenses for the year.	13,102	36,250
Opening equity adjustment	(196)	(1,182)
Distributions to shareholders	(196)	(1,182)
Share repurchase	11	(6,243)
Dividends - paid	11	(13,200)
- proposed		(19,443)
EQUITY AT 31 MARCH 1999	$159,710	$166,247

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VUW Te Waharoa — NZ Gazette 1999, No 129

NZLII — NZ Gazette 1999, No 129

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✨ LLM interpretation of page content

🏭 Statement of Movements in Equity for Powerco Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsEquity, Financial Performance, Electricity, Revenue, Expenses

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