✨ Financial Statements
1570
NEW ZEALAND GAZETTE
No. 69
5. Share capital
24,464,922 ordinary shares issued and fully paid
(1999 - 30,000,000 shares)
| 2000 $000 | 1999 $000 |
|---|---|
| $18,000 | $30,000 |
In May 1999 the Company repurchased 5,535,078 shares from the shareholders of the Company for $12,000,000.
6. Reserves
| 2000 $000 | 1999 $000 | |
|---|---|---|
| Asset revaluation reserve | 27,947 | 25,772 |
| General reserves | - | 3,304 |
| $27,947 | $29,076 |
The Asset Revaluation Reserve increased as a result of movements between reserves and a revaluation, dated 31 March 2000, of non distribution land and buildings.
Reconciliation of reserve movements
| General Reserves | 2000 $000 | 1999 $000 |
|---|---|---|
| Opening balance | 3,304 | 3,304 |
| Less: | ||
| transfer to Asset Revaluation Reserves | (2,537) | - |
| transfer to Retained Earnings | (767) | - |
| General Reserve closing balance | $- | $3,304 |
| Asset Revaluation Reserve | 2000 $000 | 1999 $000 |
|---|---|---|
| Opening balance | 25,772 | 20,197 |
| Add: | ||
| transfer from General Reserves | 2,537 | - |
| revaluation of assets | - | 5,575 |
| Less: | ||
| devaluation of assets | (362) | - |
| Closing balance | $27,947 | $25,772 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 69
Gazette.govt.nz —
NZ Gazette 2000, No 69
✨ LLM interpretation of page content
💰
Taxation and Dividend Details
(continued from previous page)
💰 Finance & RevenueTaxation, Deferred Tax Liability, Tax Losses, Dividend, Financial Statements
💰 Share Capital Details
💰 Finance & RevenueShare Capital, Ordinary Shares, Share Repurchase
💰 Reserves and Asset Revaluation
💰 Finance & RevenueReserves, Asset Revaluation, General Reserves, Financial Movements