✨ Financial Statements
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2003
12. CAPITAL
Transpower’s share capital consists of 1,200,000,000 (2002: 1,200,000,000) issued and fully paid ordinary shares which confer on the holders the right to vote at any annual general meeting of Transpower. All ordinary shares rank equally.
13. RESERVES
| LINES BUSINESS | LINES BUSINESS |
|---|---|
| 2003 | 2002 |
| $000 | $000 |
Asset revaluation reserve
Balance at the beginning of the year
--
Revaluation (devaluation) of fixed assets*
(33,208)
64,288
Transfer to retained earnings
--
Transfer to statement of financial performance
33,208
(64,288)
Balance at the end of the year
--
Total reserves
--
*Transpower’s fixed assets were written down in previous years through the Statement of Financial Performance. Subsequent revaluations have not recovered this previous write down, hence such revaluations and any further devaluations are taken directly to the Statement of Financial Performance.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 162
Gazette.govt.nz —
NZ Gazette 2003, No 162
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Transpower New Zealand Limited Lines Business Notes to the Financial Statements
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🏭 Trade, Customs & IndustryFinancial statements, Capital, Reserves, Asset revaluation, Transpower