✨ Financial Statements Notes
10 DECEMBER
NEW ZEALAND GAZETTE
4523
TRANSPOWER NEW ZEALAND LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1999
14. CAPITAL
Transpower has contributed paid in capital of $1,200,000,000 (1998: $1,200,000,000).
15. RESERVES
| LINES BUSINESS | GROUP | ||
|---|---|---|---|
| 1999 | 1998 | 1999 | |
| $000 | $000 | $000 |
Capital redemption reserve
Balance at the beginning of the year | 8 | 8 | - | -
Movements during the year | - | - | - | -
Balance at the end of the year | 8 | 8 | - | -
Asset revaluation reserve
Balance at the beginning of the year | - | - | 43,827 | -
Revaluation (devaluation) of assets* | (14,113) | - | - | (448,529)
Transfer to retained earnings | - | - | - | (2,445)
Transfer to statement of financial performance | 14,113 | - | - | -
Balance at the end of the year | - | - | - | 407,147
Total reserves | 8 | 8 | 8 | 407,147
*Transpower's Asset Revaluation Reserve has a debit balance and consequently revaluations flow through the Statement of Financial Performance.
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VUW Te Waharoa —
NZ Gazette 1999, No 190
NZLII —
NZ Gazette 1999, No 190
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🏭 Trade, Customs & IndustryFinancial Statements, Capital, Reserves, Asset Revaluation, Transpower