✨ Financial Statements
NEW ZEALAND GAZETTE
No. 162
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2003
14. ACCUMULATED DEFICIT
| LINES BUSINESS | LINES BUSINESS |
|---|---|
| 2003 | 2002 |
| $000 | $000 |
Balance at the beginning of the year | (227,222) | (288,322) |
Operating surplus after tax | 18,449 | 137,429 |
Accumulated deficit before dividends paid | (208,773) | (150,893) |
Dividends paid | (27,766) | (76,329) |
Balance at the end of the year | (236,539) | (227,222) |
15. DIVIDENDS TO THE SHAREHOLDER
Final dividend paid | 5,766 | 8,954 |
Interim dividend paid | 22,000 | 67,375 |
| 27,766 | 76,329 |
Subsequent to balance date, the directors have declared a final dividend payable of $16,532,000 for the Transpower Group. Calculating the Transpower Lines Business dividend on the same basis, this would amount to $16,743,000
16. CAPITAL COMMITMENTS
Capital commitments in respect of contracts for capital expenditure:
Within one year | 9,979 | 16,665 |
One to two years | 840 | 4,704 |
Two to five years | 1,108 | 617 |
Total capital commitments | 11,927 | 21,986 |
17. OPERATING LEASE COMMITMENTS
Commitments in respect of non-cancellable operating leases payable:
Within one year | 2,993 | 1,921 |
One to two years | 2,819 | 2,993 |
Two to five years | 7,535 | 7,835 |
Later than five years | 15,985 | 17,690 |
Total operating lease commitments | 29,132 | 30,439 |
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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, Accumulated deficit, Dividends, Capital commitments, Operating lease commitments, Transpower