✨ Financial Statements




17 AUGUST 2005
NEW ZEALAND GAZETTE, No. 127
3075

HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

NOTE Lines Business 2005 $000 Lines Business 2004 $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
Shares issued - fully paid 24,991,385 24,991,385
Shares issued - -
24,991,385 24,991,385
6 RESERVES
Asset Revaluation Reserve
Opening Balance 58,067 47,441
Plus Revaluation of System Fixed Assets 9 10,626
Balance as at 31 March 58,067 58,067
7 RETAINED EARNINGS
Opening Retained Earnings (22,983) (23,722)
Surplus after Taxation 3,835 5,566
Plus Retained Earnings distributed from "Other" business - -
Less Dividends paid (2,860) (4,827)
Balance as at 31 March (22,008) (22,983)
8 ACCOUNTS RECEIVABLE
Accounts Receivable comprises:
Trade Receivables 2,593 2,583
Less Provision for Doubtful Debts (13) -
Balance as at 31 March 2,580 2,583


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 127


Gazette.govt.nz PDF NZ Gazette 2005, No 127





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