New Zealand Gazette – 1999 – No. 132

Page 3157

✨ Financial Statements



21 SEPTEMBER NEW ZEALAND GAZETTE 3157

SCANPOWER LIMITED

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEARS ENDED 31 MARCH

| | Lines Business |
| | Notes | 1999 | 1998 |
| | | $ | $ |

EQUITY AT BEGINNING OF THE YEAR | | 7,823,921 | 7,806,424 |

SURPLUS AND REVALUATIONS

Net surplus for the year | | 79,454 | 32,497 |
Revaluation of fixed assets | 3 | (64,625) | 0 |
Total recognised revenues and expenses for the year | | 14,829 | 32,497 |

OTHER MOVEMENTS

Transfer of equity | 3 | 567,265 | 0 |
Distribution to owners | 3 | (20,000) | (15,000) |

EQUITY AT THE END OF THE YEAR | | 8,386,015 | 7,823,921 |

Due to the change in methodology required by the Electricity (Information Disclosure) Regulations (1999), 100% of the equity has been brought into the accounts this year.

An adjustment has also been made through equity to account for the movements using the avoidable cost methodology.

The accompanying notes and policies form an integral part of these statements



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✨ LLM interpretation of page content

🏭 Certificate of Financial Statements and Performance Measures by SCANPOWER LIMITED (continued from previous page)

🏭 Trade, Customs & Industry
10 September 1999
Audit, Financial Statements, Performance Measures, Electricity, SCANPOWER LIMITED, Accounting Records, Information Disclosure