✨ Financial Statements




NEW ZEALAND GAZETTE

No. 120

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 2001

2001
$000
2000
$000

3. Reserves

Company Establishment Reserve
Balance at 31 March | 4,647 | 4,647

Asset Revaluation Reserve
Opening Balance | 57,245 | 57,245
Revaluation Distribution System | 2,496 | -
Closing Balance | 59,741 | 57,245

Total Reserves | 64,388 | 61,892

The Company Establishment Reserve represents the difference between the issued and paid up capital and the net assets vested in the Company from the former North Canterbury Electric Power Board at 1 May 1993.

4. Retained Earnings

Opening Balance | 3,283 | 2,762
Dividend to Other Business Activities | - | (190)
Net Surplus | 1,699 | 711

Total Retained Earnings | 4,982 | 3,283

5. Fixed Assets

Distribution System
| 86,567 | 85,261
Accumulated Depreciation | - | 3,342
| 86,567 | 81,919

Load Control Equipment
| 794 | 3,112
Accumulated Depreciation | - | 357
| 794 | 2,755

System Fixed Assets
| 87,361 | 88,373
Accumulated Depreciation | - | 3,699
| 87,361 | 84,674

Motor Vehicles
| 283 | 234
Accumulated Depreciation | 190 | 140
| 93 | 94

Consumer Billing and Information System Assets
| 1,277 | 1,626
Accumulated Depreciation | 944 | 1,134
| 333 | 492

Office Equipment
| 750 | 585
Accumulated Depreciation | 500 | 286
| 250 | 299

Furniture and Fittings
| 260 | 269
Accumulated Depreciation | 162 | 155
| 98 | 114

Land and buildings
Capital works under construction | - | -
Other Fixed Assets
Accumulated Depreciation | - | -

Total Fixed Assets | 88,135 | 85,673



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 120


Gazette.govt.nz PDF NZ Gazette 2001, No 120





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🏭 Statement of Cash Flows for MainPower New Zealand Limited (continued from previous page)

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Cash Flows, Financial Statements, Operating Activities, Investing Activities, Financing Activities, MainPower New Zealand Limited