β¨ Financial Statements
17 JANUARY 2005
NEW ZEALAND GAZETTE, No. 10
221
MAINPOWER NEW ZEALAND LTD
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 2004
| 2004 | 2003 | |
|---|---|---|
| $000 | $000 |
- Reserves
Company Establishment Reserve
Balance at 31 March | 4,647 | 4,647 |
Asset Revaluation Reserve
Opening Balance | 55,163| 59,741|
Revaluation Distribution System | 19,165| (4,578)|
Closing Balance | 74,328| 55,163|
Total Reserves | 78,975| 59,810|
The Company Establishment Reserve represents the difference between the issued and paid up capital and the net assets vested in the Company from the former North Canterbury Electric Power Board at 1 May 1993.
- Retained Earnings
Opening Balance | 12,319| 7,918 |
Net Surplus | 4,791 | 4,401 |
Total Retained Earnings | 17,110| 12,319|
- Fixed Assets
Distribution System
| 110,196| 88,882|
Accumulated Depreciation | - | - |
| 110,196| 88,882|
Load Control Equipment
| 1,873 | 744 |
Accumulated Depreciation | - | - |
| 1,873 | 744 |
System Fixed Assets
| 112,069| 89,626|
Accumulated Depreciation | - | - |
System Fixed Assets | 112,069| 89,626|
Motor Vehicles
| 344 | 334 |
Accumulated Depreciation | 259 | 230 |
| 85 | 104 |
Consumer Billing and Information System Assets
| 1,642 | 1,501 |
Accumulated Depreciation | 1,362 | 1,231 |
| 280 | 270 |
Office Equipment
| 969 | 836 |
Accumulated Depreciation | 664 | 610 |
| 305 | 226 |
Furniture and Fittings
| 319 | 314 |
Accumulated Depreciation | 214 | 197 |
| 105 | 117 |
Land and buildings
Capital works under construction | - | - |
Other Fixed Assets | - | - |
Accumulated Depreciation | - | - |
Total Fixed Assets | 112,844| 90,343|
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 10
Gazette.govt.nz —
NZ Gazette 2005, No 10
β¨ LLM interpretation of page content
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Mainpower New Zealand Ltd Financial Statements Notes
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Reserves, Retained Earnings, Fixed Assets, Mainpower