β¨ Financial Statements
26 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 38
875
MAINPOWER NEW ZEALAND LIMITED
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 2007
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
- Share Capital
Issued and Fully Paid Capital
Ordinary Shares | 23,406 | 23,406
Redeemable Preference Shares | 3 | 4
Total Issued Capital | 23,409 | 23,410
Share Capital Movements
Opening Balance | 23,410 | 23,411
Redemption of Shares | (1) | (1)
Total Issued Capital | 23,409 | 23,410
- Reserves
Company Establishment Reserve
Balance at 31 March | 4,647 | 4,647
Asset Revaluation Reserve
Opening Balance | 74,328 | 74,328
Revaluation Distribution System| - | -
Closing Balance | 74,328 | 74,328
Total Reserves | 78,975 | 78,975
The Company Establishment Reserve represents the difference between the issued and paid up capital and the net assets vested in the Company from the former North Canterbury Electric Power Board at 1 May 1993.
- Retained Earnings
Opening Balance | 26,442 | 21,191
Net Surplus | 4,288 | 5,251
Total Retained Earnings | 30,730 | 26,442
- Fixed Assets
Distribution System | 146,025 | 135,772
Accumulated Depreciation | 15,477 | 10,092
Net | 130,548 | 125,680
Load Control Equipment | 2,801 | 2,462
Accumulated Depreciation | 962 | 583
Net | 1,839 | 1,879
System Fixed Assets | 148,826 | 138,234
Accumulated Depreciation | 16,439 | 10,675
System Fixed Assets | 132,387 | 127,559
Motor Vehicles | 723 | 666
Accumulated Depreciation | 402 | 339
Net | 321 | 327
Consumer Billing and Information System Assets | 2,221 | 1,945
Accumulated Depreciation | 1,844 | 1,624
Net | 377 | 321
Office Equipment | 1,529 | 1,517
Accumulated Depreciation | 929 | 802
Net | 600 | 715
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 38
Gazette.govt.nz —
NZ Gazette 2008, No 38
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Financial Statements for MainPower New Zealand Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Commerce Act, Electricity Information Disclosure, MainPower New Zealand Limited