New Zealand Gazette – 2005 – No. 147

Page 3614

✨ Vector Limited Financial Statements



Vector Limited

Electricity Lines Business

Notes to the Financial Statements

For the year ended 31 March 2005

8. DIVIDENDS

The 2004 final dividend of $49.1 million was paid in August 2004. A 2005 final dividend of $53.6 million was recommended by the Directors of Vector Limited and paid on 10 August 2005 but has not been provided for in these financial statements.

9. SHARE CAPITAL (NOTIONAL)

2005 2004
$000 $000
Balance at beginning of year 133,000 300,000
Adjustment to share capital (notional) - (167,000)
Balance at end of year 133,000 133,000

10. RESERVES

2005 2004
$000 $000
Asset revaluation
Balance at beginning of year 548,407 548,407
Reversal of revaluation of property, plant and equipment (3,525) -
Balance at end of year 544,882 548,407

11. RETAINED EARNINGS

Note 2005 2004
$000 $000
Balance at beginning of year 99,496 87,065
Net surplus after tax for the year 53,704 44,631
Net surplus attributable to the electricity lines business 153,200 131,696
Dividends 8 (49,100) (32,200)
Balance at end of year 104,100 99,496

12. SHORT-TERM INVESTMENTS

2005 2004
$000 $000
Surplus property held for sale - 8,220
Balance at end of year - 8,220

The surplus property was sold for $9.5 million (before selling costs) in April 2004.

13. OTHER ASSETS

2005 2004
$000 $000
Capitalised finance costs
Current 2,074 6,984
Non-current 5,767 9,935
Total 7,841 16,917


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 147


Gazette.govt.nz — PDF NZ Gazette 2005, No 147




✨ LLM interpretation of page content

🏭 Vector Limited's Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Dividends, Share Capital, Reserves, Retained Earnings, Short-term Investments, Other Assets