New Zealand Gazette – 2002 – No. 173

Page 4372

✨ Financial Statements



4372

NEW ZEALAND GAZETTE

No. 173

TRANSPower NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2002

  1. ACCUMULATED DEFICIT

Balance at the beginning of the year LINES BUSINESS LINES BUSINESS
2002 2001
$000 $000
Operating surplus after tax (288,322) (255,899)
Accumulated deficit before dividends paid and payable 137,429 11,841
Dividends paid (150,895) (244,058)
Balance at the end of the year (237,222) (288,327)

  1. DIVIDENDS TO THE SHAREHOLDER

Final dividend for 2001 financial year 8,954 -
Interim dividend paid 67,375 44,264
76,329 44,264

Subsequent to balance date, the directors have declared a final dividend payable of $12,852,000 for the Transpower Group.
Calculating the Transpower Lines Business dividend on the same basis, this would amount to $5,766,000.

  1. CAPITAL COMMITMENTS

Capital commitments in respect of
contracts for capital expenditure:
Within one year 16,665 21,017
One to two years 4,704 355
Two to five years 617 360
Total capital commitments 21,986 21,732

  1. OPERATING LEASE COMMITMENTS

Commitments in respect of non-cancellable
operating leases payable:
Within one year 1,921 1,847
One to two years 2,903 1,696
Two to five years 7,835 1,015
Later than five years 17,690 547
Total operating lease commitments 30,439 5,105



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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