New Zealand Gazette – 2003 – No. 103

Page 2738

✨ Financial Statements



2738 NEW ZEALAND GAZETTE No. 103

  1. NON-CURRENT LIABILITIES

Non-current liabilities are as follows:

2003 2002
$000's $000's
Payables and accruals - -
Borrowings - -
Deferred tax 41,273 36,289
Other - -
----------- -----------
41,273 36,289
  1. EQUITY

Equity comprises:

2003 2002
$000's $000's
Share capital 120,000 120,000
Retained earnings 98,220 96,446
Reserves 350,492 202,094
---------------- ----------- -----------
Total shareholders' equity 568,712 418,540
Minority interests - -
Total equity 568,712 418,540
Capital notes - -
---------------- ----------- -----------
Total capital funds 568,712 418,540

The 80 million ($1.50) ordinary shares were issued in April 1993 pursuant to the approved establishment plan and sale and purchase agreement. The shares are fully paid up.

  1. REVALUATION RESERVE
2003 2002
Opening balance 202,094 202,094
Revaluation of property, plant and equipment 148,398 -
----------- -----------
350,492 202,094

The revaluation reserve is comprised as follows:

2003 2002
Land and buildings 8,738 3,233
Distribution system 341,754 198,861
----------- -----------
350,492 202,094


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 103


Gazette.govt.nz — PDF NZ Gazette 2003, No 103




✨ LLM interpretation of page content

💰 Non-current Liabilities

💰 Finance & Revenue
Non-current liabilities, Deferred tax, Financial report

💰 Equity Composition

💰 Finance & Revenue
Equity, Share capital, Retained earnings, Reserves, Financial report

💰 Revaluation Reserve

💰 Finance & Revenue
Revaluation reserve, Property, Plant, Equipment, Financial report