New Zealand Gazette – 2004 – No. 171

Page 4273

✨ Financial Statements



22 DECEMBER 2004

NEW ZEALAND GAZETTE, No. 171

4273

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2004

  1. CAPITAL

Transpower’s share capital consists of 1,200,000,000 (2003: 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.

  1. RESERVES
LINES BUSINESS 2004 $000 LINES BUSINESS 2003 $000
Asset revaluation reserve
Balance at the beginning of the year - -
Revaluation (devaluation) of fixed assets* (5,477) (33,208)
Transfer to retained earnings - -
Transfer to statement of financial performance 5,477 33,208
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 — PDF NZ Gazette 2004, No 171


Gazette.govt.nz — PDF NZ Gazette 2004, No 171




✨ LLM interpretation of page content

🏭 Financial Performance of Transpower New Zealand Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
22 December 2004
Financial Statements, Capital, Reserves, Asset Revaluation, Fixed Assets