✨ Powerco Limited Financial Disclosure
2384
NEW ZEALAND GAZETTE
No. 95
2 SHARE CAPITAL
2000 1999
$000 $000Opening issued and paid up capital as at 31 March 1999 17,219 17,219
Shares repurchased during the year 3,296
Closing issued and paid up capital as at 31 March 2000 $13,923 $17,219
Total number of ordinary shares issued as of 31 March 2000 amounted to 6,860,212.
3 ASSET REVALUATION RESERVE
2000 1999
$000 $000Balance as at 31 March 1999 10,318 9,262
Network asset revaluation 4,195
Adjustment arising from business divestment 1,056
Balance as at 31 March 2000 $14,513 $10,318
4 WORKING CAPITAL ADVANCES FACILITY
As Powerco is an integrated business, this disclosure relates to the business as a whole. The company has established a Wholesale Capital Advances Facility with the Bank of New Zealand of up to $15 million. As at 31 March 2000 $5.75 million was invested in Call Funds on the Working Capital Facility (1999: draw down of $8.3 million). Interest is calculated to the company according to the daily wholesale rate. The facility is based on a revolving credit and as such does not have set repayment dates. This facility also has the benefit of the Negative Pledge Deed and Group Cross Guarantees referred to in Note 5.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 95
Gazette.govt.nz —
NZ Gazette 2000, No 95
✨ LLM interpretation of page content
🏭
Powerco Limited Share Capital
(continued from previous page)
🏭 Trade, Customs & IndustryShare Capital, Issued Shares, Paid Up Capital, Financial Year
🏭
Powerco Limited Asset Revaluation Reserve
(continued from previous page)
🏭 Trade, Customs & IndustryAsset Revaluation, Business Divestment, Financial Year
🏭
Powerco Limited Working Capital Advances Facility
(continued from previous page)
🏭 Trade, Customs & IndustryWorking Capital, Bank of New Zealand, Revolving Credit