✨ Financial Statements
POWERCO
ELECTRICITY DIVISION
Statement of Movements in Equity
For the 9 months ended 31 March 2007
| Notes | Contributed Capital
NZ$000 | Retained Earnings
NZ$000 | Hedge Reserve
NZ$000 | TOTAL
NZ$000 |
|-------|-----------------------------|--------------------------|----------------------|-----------------|
| Balance as at 30 June 2005 | 431,359 | (12,460) | - | 418,899 |
| Cashflow hedges - gain/(loss) taken to equity | - | - | (4,165) | (4,165) |
| Income tax on items taken directly to equity | 8 | - | - | - | - |
| Net income recognised directly in equity | - | - | (4,165) | (4,165) |
| Profit for the period (12 months to 30 June 2006) | - | 42,522 | - | 42,522 |
| Total recognised income and expense | - | 42,522 | (4,165) | 38,357 |
| Dividends | - | (51,927) | - | (51,927) |
| Balance as at 30 June 2006 | 431,359 | (21,865) | (4,165) | 405,329 |
| Cashflow hedges - gain/(loss) taken to equity | - | - | 3,247 | 3,247 |
| Income tax on items taken directly to equity | 8 | - | - | 303 | 303 |
| Net income recognised directly in equity | - | - | 3,550 | 3,550 |
| Profit for the period (9 months to 31 March 2007) | - | 32,518 | - | 32,518 |
| Total recognised income and expense | - | 32,518 | 3,550 | 36,068 |
| Dividends (9 months to 31 March 2007) | - | (36,341) | - | (36,341) |
| Increase in contributed capital | 11 | 6,869 | - | 6,869 |
| Balance as at 31 March 2007 | 438,228 | (25,688) | (615) | 411,925 |
The accompanying notes form part of these financial statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 46
Gazette.govt.nz —
NZ Gazette 2008, No 46
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Audit Report for Powerco Limited – Electricity Division
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Audit, Financial Statements, Powerco Limited, Electricity Division, Compliance, Disclosure Requirements