New Zealand Gazette – 2007 – No. 133

Page 3469

✨ Financial Statements

POWERCO

GAS DIVISION

Statement of Changes in Equity

For the year ended 30 June 2007

	Contributed Capital	Retained Earnings	Hedge Reserve	TOTAL
	NZ$000	NZ$000	NZ$000	NZ$000
Balance as at 30 June 2005	119,080	(33,966)	-	85,114
Cashflow hedges - gain/(loss) taken to equity	-	-	(1,618)	(1,618)
Income tax on items taken directly to equity	2	-	-	-
Net income recognised directly in equity	-	-	(1,618)	(1,618)
Profit for the period	-	4,332	-	4,332
Total recognised income and expense	-	4,332	(1,618)	2,714
Dividends	-	(5,292)	-	(5,292)
Balance as at 30 June 2006	119,080	(34,926)	(1,618)	82,536
Cashflow hedges - gain/(loss) taken to equity	-	-	3,091	3,091
Income tax on items taken directly to equity	2	-	(486)	(486)
Net income recognised directly in equity	-	-	2,605	2,605
Profit for the period	-	14,241	-	14,241
Total recognised income and expense	-	14,241	2,605	16,846
Dividends	-	(12,902)	-	(12,902)
Increase in contributed capital	11	2,322	-	2,322
Balance as at 30 June 2007	121,402	(33,587)	987	88,802

The accompanying notes form part of these financial statements.

VUW Te Waharoa — NZ Gazette 2007, No 133

Gazette.govt.nz — NZ Gazette 2007, No 133

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Powerco Limited Financial Statements Certification (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated27 November 2007
KeywordsFinancial Statements, Certification, Gas Regulations, Deloitte

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