✨ 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 PDF NZ Gazette 2006, No 151


Gazette.govt.nz PDF NZ Gazette 2006, No 151





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🏭 Notes to the Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Share Capital, Reserves, Retained Earnings, Accounts Receivable, Horizon Energy Distribution Limited