New Zealand Gazette – 2004 – No. 172

Page 4303

✨ Financial Statements



22 DECEMBER 2004 NEW ZEALAND GAZETTE, No. 172 4303

HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

NOTE Lines Business 2004 $000 Lines Business 2003 $000

5 SHARE CAPITAL.

Share Capital - Issued and paid up

Opening Balance 8,432 8,432

Balance as at 31 March 8,432 8,432

| 2004 2003 |
|-------------------------------|-------------------------------|
| No. of Shares 24,991,385 24,991,385 |
| Shares issued - fully paid 24,991,385 24,991,385 |

6 RESERVES

Asset Revaluation Reserve

Opening Balance 47,441 47,441

Plus Revaluation of System Fixed Assets as at 31/3/04 9 10,626 -

Balance as at 31 March 58,067 47,441

7 RETAINED EARNINGS

Opening Retained Earnings (23,722) (23,134)

Surplus after Taxation 5,566 4,969

Plus Retained Earnings distributed from "Other" business - -

Less "Other" business retained earnings arising on the allocation of parent company shares - -

Less Dividends paid 12 (4,827) (5,557)

Balance as at 31 March (22,983) (23,722)

8 ACCOUNTS RECEIVABLE

Accounts Receivable comprises:

Trade Receivables 2,583 2,793

Balance as at 31 March 2,583 2,793



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 172


Gazette.govt.nz — PDF NZ Gazette 2004, No 172




✨ LLM interpretation of page content

🏭 Financial Statements Notes for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Share Capital, Reserves, Retained Earnings, Accounts Receivable