New Zealand Gazette – 2002 – No. 173

Page 4371

✨ Financial Statements



29 NOVEMBER

NEW ZEALAND GAZETTE

4371

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2002

12. SHARE CAPITAL

Transpower’s share capital consists of 1,200,000,000 (2001: 1,200,000,000) issued and fully paid ordinary shares, which confers on the holders the right to vote at any annual general meeting of Transpower. All ordinary shares rank equally.

13. RESERVES

LINES BUSINESS 2002 LINES BUSINESS 2001
$000 $000
Fixed Asset revaluation reserve
Balance at the beginning of the year 64,288 -
Revaluation (devaluation) of fixed assets* - (59,116)
Transfer to(from) statement of financial performance (64,288) 59,116
Balance at the end of the year - -
Total reserves - -

*Transpower’s fixed assets were written down in previous years through the Statements of Financial Performance. Subsequent revaluations have not recovered this previous write down, hence such revaluations and any further devaluations are taken directly to the Statements of Financial Performance.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 173


Gazette.govt.nz — PDF NZ Gazette 2002, No 173




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Notes to Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Share Capital, Reserves, Fixed Assets, Transpower