✨ Financial Statements
Vector Limited & Subsidiaries
Gas Distribution Activities
Notes to the Financial Statements
For the year ended 30 June 2005
4. DEFERRED TAX
| Note | 2005 | 2004 |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the year | 19,795 | 30,606 |
| Prior period adjustment | 2,272 | - |
| On acquisition of NGC gas distribution business | 13 | 20,286 |
| On net surplus for the year | 7,747 | |
| Balance at end of the year | 50,100 | 19,795 |
5. DIVIDENDS
No dividends were paid during the year (2004:nil)
6. SHARE CAPITAL (NOTIONAL)
| 2005 | 2004 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the year | 123,559 | - |
| Adjustment to share capital (notional) | - | 123,559 |
| Balance at end of the year | 123,559 | 123,559 |
7. RESERVES
| Asset revaluation | 2005 | 2004 |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the year | - | 39,291 |
| Movement on amalgamation | - | (39,291) |
| Balance at end of the year | - | - |
8. RETAINED EARNINGS
| 2005 | 2004 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the year | (6,964) | (640) |
| Net deficit attributable to shareholders | (16,122) | (6,324) |
| Balance at end of the year | (23,086) | (6,964) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 197
Gazette.govt.nz —
NZ Gazette 2005, No 197
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Vector Limited & Subsidiaries Gas Distribution Activities Financial Position
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🏭 Trade, Customs & IndustryFinancial Statements, Gas Distribution, Vector Limited, Deferred Tax, Dividends, Share Capital, Reserves, Retained Earnings