New Zealand Gazette – 2001 – No. 163

Page 3984

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 163

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2001

15. ACCUMULATED DEFICIT

LINES BUSINESS 2001 LINES BUSINESS 2000
$000 $000
Balance at the beginning of the year (255,907) (325,731)
Operating surplus after tax 11,841 152,531
Accumulated deficit before dividends paid and payable (244,066) (173,220)
Dividends paid and payable (44,264) (82,687)
Balance at the end of the year (288,330) (255,907)

16. DIVIDENDS TO THE SHAREHOLDER

LINES BUSINESS 2001 LINES BUSINESS 2000
$000 $000
Interim dividend paid 44,264 40,314
Final dividend payable — 42,373

Subsequent to balance date, the directors have declared a final dividend payable of $15,535,000 for the Transpower Group. Calculating the Transpower Lines Business dividend on the same basis, this would amount to $8,954,000.

17. CAPITAL COMMITMENTS

Capital commitments in respect of contracts for capital expenditure:

LINES BUSINESS 2001 LINES BUSINESS 2000
$000 $000
Within one year 21,017 40,252
One to two years 355 234
Two to five years 360 234
Total capital commitments 21,732 40,720

18. OPERATING LEASE COMMITMENTS

Commitments in respect of non-cancellable operating leases payable:

LINES BUSINESS 2001 LINES BUSINESS 2000
$000 $000
Within one year 1,847 1,865
One to two years 1,600 1,887
Two to five years 1,013 2,357
Later than five years 547 547
Total operating lease commitments 5,107 6,730


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 163


Gazette.govt.nz — PDF NZ Gazette 2001, No 163




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Capital, Reserves, Asset Revaluation, Transpower Group