New Zealand Gazette – 2002 – No. 113

Page 3005

✨ Financial Statements



HORIZON ENERGY DISTRIBUTION LIMITED

Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000, 2001

NOTES TO THE FINANCIAL STATEMENTS

Lines Business 2002 $000 Lines Business 2001 $000

5 RETAINED EARNINGS

  • Opening Retained Earnings
    (27,299) | (27,937)

  • Surplus after Taxation
    6,757 | 4,887

  • Plus Retained Earnings distributed from "Other"
    780 | -

  • Less "Other" retained earnings arising on the allocation of parent company shares
    (622) | -

  • Less Dividend paid and payable
    (2,749) | (4,249)

Balance as at 31 March
(23,133) | (27,299)

6 SHARE CAPITAL

  • Share Capital - Issued and paid up

    • Opening Balance
      7,810 | 7,810

    • Transfer from "Other"
      622 | -

Balance as at 31 March
8,432 | 7,810

Shares Issued by Horizon Energy Distribution Limited
4,998,277 | 4,998,277

7 RESERVES

  • Asset Revaluation Reserve

    • Opening Balance
      47,446 | 47,536

    • Revaluation during the year (refer note 9)
      (5) | (90)

Balance as at 31 March
47,441 | 47,446

8 ACCOUNTS RECEIVABLE

Accounts Receivable comprises:

  • Trade Receivables
    4,203 | 3,292

  • Other Receivables
    117 | 56

Balance as at 31 March
4,320 | 3,348



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 113


Gazette.govt.nz — PDF NZ Gazette 2002, No 113




✨ LLM interpretation of page content

🏗️ Financial Statements of Horizon Energy Distribution Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Electricity, Financial Performance, Revenue, Expenditure, Taxation, Horizon Energy, Distribution