New Zealand Gazette – 2004 – No. 171

Page 4274

✨ Financial Statements



NEW ZEALAND GAZETTE, No. 171

22 DECEMBER 2004

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2004

14. ACCUMULATED DEFICIT

LINES BUSINESS 2004 LINES BUSINESS 2003
Balance at the beginning of the year $(236,539) $(227,222)
Operating surplus after tax 61,509 18,349
Accumulated deficit before dividends paid (175,230) (208,773)
Dividends paid (16,743) (27,766)
Balance at the end of the year $(191,973) $(236,539)

15. DIVIDENDS TO THE SHAREHOLDER

Final dividend paid (relating to the previous year):

2004 2003
Interim dividend paid -- 5,766
16,743 22,000

Subsequent to balance date, the directors have declared a final dividend payable of $40,000,000 for the Transpower Group. Calculating the Transpower Lines Business dividend on the same basis, this would amount to $41,315,000.

16. CAPITAL COMMITMENTS

Capital commitments in respect of contracts for capital expenditure:

2004 2003
Within one year 4,166 9,979
One to two years 614 840
Two to five years -- 1,108
Total capital commitments 4,780 11,927

17. OPERATING LEASE COMMITMENTS

Commitments in respect of non-cancellable operating leases payable:

2004 2003
Within one year 2,673 2,993
One to two years 2,488 2,619
Two to five years 7,308 7,535
Later than five years 14,585 15,985
Total operating lease commitments 27,054 29,132


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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
Financial Statements, Accumulated Deficit, Dividends, Capital Commitments, Operating Lease Commitments