β¨ Financial Statements Notes
HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business
NOTES TO THE FINANCIAL STATEMENTS
| NOTE | Lines Business 2006 $000 | Lines Business 2005 $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 |
|| 2006 | 2005 |
| No. of Shares | | |
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 | 58,067 |
Plus Revaluation of System Fixed Assets | 9 | - |
Balance as at 31 March | 58,067 | 58,067 |
7 RETAINED EARNINGS
Opening Retained Earnings | (22,008) | (22,983) |
Surplus after Taxation | 5,386 | 3,835 |
Plus Retained Earnings distributed from "Other" business | - | - |
Less Dividends paid | 12 | (2,860) |
| (4,858) |
Balance as at 31 March | (21,480) | (22,008) |
8 ACCOUNTS RECEIVABLE
Accounts Receivable comprises:
Trade Receivables | 4,494 | 2,593 |
Less Provision for Doubtful Debts | (19) | (13) |
Balance as at 31 March | 4,475 | 2,580 |
Trade Receivables includes $1.74m relating to the Award monies as detailed in Note 22.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 151
Gazette.govt.nz —
NZ Gazette 2006, No 151
β¨ LLM interpretation of page content
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Notes to the Financial Statements for Horizon Energy Distribution Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Share Capital, Reserves, Retained Earnings, Accounts Receivable, Horizon Energy Distribution Limited