✨ Financial Statements
Rights of Shares on Issue
Ordinary Shares:
The Nominal Value of Ordinary shares is 25c each. These shares rank pari passu on return of capital upon liquidation. The return on shares is calculated on a per share basis.
The shares are not tradeable. Ordinary shares have one vote for each share held, but a holder will not be able to exercise more than 10% of the total votes cast at a meeting of the Company.
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 | |
| Retained Earnings | ||
| - Opening Balance | 8,485 | 5,644 |
| - Transfer from Statement of Financial Performance | 3,800 | 2,734 |
| - Transfer from “Other” Business | - | 7,870 |
| - Dividend Proposed | (1,730) | (7,763) |
| Closing Balance | 10,555 | 8,485 |
| Total Equity | 17,761 | 15,729 |
6. Cash and Short Term Deposits
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 | |
| Current Account | 72 | - |
| Short Term Deposits | 5,209 | 2,982 |
| Total Cash and Short Term Deposits | 5,281 | 2,982 |
7. Receivables
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 | |
| Trade Debtors | 1,405 | 1,015 |
| Estimated Doubtful Debts | - | (11) |
| Total Receivables | 1,405 | 1,004 |
8. Inventories
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 | |
| Inventories | 4 | - |
| Work in Progress | - | - |
| Total Inventories | 4 | - |
No inventories are pledged as securities for liabilities nor are inventories subject to retention of title clauses.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 96
Gazette.govt.nz —
NZ Gazette 2001, No 96
✨ LLM interpretation of page content
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Otago Power Limited Financial Statements
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🏭 Trade, Customs & Industry9 August 2001
Financial Statements, Electricity, Information Disclosure, Otago Power Limited