✨ 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
  1. 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.

  1. Retained Earnings
    Opening Balance | 12,319| 7,918 |
    Net Surplus | 4,791 | 4,401 |

Total Retained Earnings | 17,110| 12,319|

  1. 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 PDF NZ Gazette 2005, No 10


Gazette.govt.nz PDF NZ Gazette 2005, No 10





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Financial Statements, Reserves, Retained Earnings, Fixed Assets, Mainpower