✨ Financial Statements
Vector Limited
Electricity Lines Business
Notes to the Financial Statements
For the year ended 31 March 2006
8. DIVIDENDS
The 2005 final dividend of $49.1 million was paid in August 2005. For the 2006 financial information disclosure, it is assumed that the electricity lines business has paid a notional dividend of $70.2 million, equating to 83.5% of net profit after tax and before intangible asset amortisation (NPATA), which is based on the NPATA payout ratio of the group.
9. SHARE CAPITAL (NOTIONAL)
| 2006 | 2005 | |
|---|---|---|
| $'000 | $'000 | |
| Balance at beginning of year | 133,000 | 133,000 |
| Movement during the year | (133,000) | - |
| Balance at end of year | - | 133,000 |
Notional equity is determined by adjusting notionally debt and equity balances such that the debt to equity ratio is maintained the same as the Vector group.
10. RESERVES
| 2006 | 2005 | |
|---|---|---|
| $'000 | $'000 | |
| Asset revaluation | ||
| Balance at beginning of year | 544,882 | 548,407 |
| Revaluation of property, plant and equipment | 450,475 | (3,525) |
| Balance at end of year | 995,357 | 544,882 |
11. OTHER ASSETS
| 2006 | 2005 | |
|---|---|---|
| $'000 | $'000 | |
| Capitalised finance costs | ||
| Current | 3,371 | 2,074 |
| Non-current | 15,719 | 5,767 |
| Total | 19,090 | 7,841 |
12. ACCOUNTS RECEIVABLE
| 2006 | 2005 | |
|---|---|---|
| $'000 | $'000 | |
| Trade receivables | 54,082 | 51,182 |
| Provision for doubtful debts | (134) | (602) |
| 53,948 | 50,580 | |
| Other receivables | 2,734 | 2,392 |
| Total | 56,682 | 52,972 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 155
Gazette.govt.nz —
NZ Gazette 2006, No 155
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Vector Limited Financial Statements for the Electricity Lines Business
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🏭 Trade, Customs & Industry28 November 2006
Vector Limited, Financial Statements, Electricity Lines Business, Dividends, Share Capital, Reserves, Other Assets, Accounts Receivable