✨ 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
  1. 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

  1. 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.

  1. Retained Earnings

Opening Balance | 26,442 | 21,191
Net Surplus | 4,288 | 5,251

Total Retained Earnings | 30,730 | 26,442

  1. 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 PDF NZ Gazette 2008, No 38


Gazette.govt.nz PDF NZ Gazette 2008, No 38





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Financial Statements, Commerce Act, Electricity Information Disclosure, MainPower New Zealand Limited