✨ Financial Statements
8 OCTOBER NEW ZEALAND GAZETTE 3445
BAY OF PLENTY ELECTRICITY LIMITED
Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999
NOTES TO THE FINANCIAL STATEMENTS
5 RETAINED EARNINGS
| Lines Business 1999 $000 | Lines Business 1998 $000 | |
|---|---|---|
| Retained Earnings | ||
| Opening Retained Earnings | 1,204 | 193 |
| Surplus after Taxation | 3,887 | 3,249 |
| Released from Revaluation Reserve | 1,619 | - |
| Less Dividend paid and payable | (1,885) | (2,238) |
| Balance as at 31 March | 4,825 | 1,204 |
6 SHARE CAPITAL
| Lines Business 1999 $000 | Lines Business 1998 $000 | |
|---|---|---|
| Share Capital - Issued and paid up | ||
| Opening Balance | 12,900 | 12,900 |
| Movement in shares | (8) | - |
| Balance as at 31 March | 12,892 | 12,900 |
Shares Issued by Bay of Plenty Electricity Ltd
| Year | Number of Shares |
|---|---|
| 1999 | 8,148,318 |
| 1998 | 8,150,163 |
7 RESERVES
| Lines Business 1999 $000 | Lines Business 1998 $000 | |
|---|---|---|
| Asset Revaluation Reserve | ||
| Opening Balance | 48,767 | 48,767 |
| Released to Retained Earnings on sale of assets | (1,619) | - |
| Balance as at 31 March | 47,148 | 48,767 |
8 ACCOUNTS RECEIVABLE
Accounts Receivable comprises:
| Lines Business 1999 $000 | Lines Business 1998 $000 | |
|---|---|---|
| Trade Receivables | 2,931 | 3,599 |
| Other Receivables | 22 | - |
| Prepayments | 7 | - |
| Balance as at 31 March | 2,960 | 3,599 |
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VUW Te Waharoa —
NZ Gazette 1999, No 144
NZLII —
NZ Gazette 1999, No 144
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Financial Statements for Bay of Plenty Electricity Limited
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