✨ Financial Statement




3 DECEMBER 2010

NEW ZEALAND GAZETTE, No. 165

4115

POWERCO

GAS DIVISION

Statement of Changes in Equity

For the year ended 30 June 2010

| | Share Capital
Notes NZ$000 | Retained Earnings
NZ$000 | Hedge Reserve
NZ$000 | Total
NZ$000 |
|---------------------|------------------------------------|--------------------------------------------|-------------------------|---------------------|
| Balance as at 30 June 2008 | 121,402 | (41,982) | (231) | 79,189 |
| Profit for the year | - | (7,430) | - | (7,430) |
| Other comprehensive income: | - | - | | |
| Cashflow hedges gain taken to equity | - | - | (4,224) | (4,224) |
| Income tax relating to components of other comprehensive income | 2 | - | 1,267 | 1,267 |
| Total comprehensive income | | (7,430) | (2,957) | (10,387) |
| Transactions with owners | | | | |
| Dividends | | (17,962) | - | (17,962) |
| Balance as at 30 June 2009 | 121,402 | (67,374) | (3,188) | 50,840 |
| Profit for the year | - | (2,961) | - | (2,961) |
| Other comprehensive income: | | | | |
| Cashflow hedges gain taken to equity | - | - | 204 | 204 |
| Profit transferred to profit/loss for the period | | - | 4,338 | 4,338 |
| Income tax relating to components of other comprehensive income | 2 | - | (1,154) | (1,154) |
| Total comprehensive income | | (2,961) | 3,388 | 227 |
| Transactions with owners | | | | |
| Dividends | - | (3,983) | - | (3,983) |
| Issue of ordinary shares | 21,122 | - | - | 21,122 |
| Balance as at 30 June 2010 | 142,524 | (74,318) | - | 68,206 |

The accompanying notes form part of these financial statements.



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Gazette.govt.nz PDF NZ Gazette 2010, No 165





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Financial Statement, Equity, Share Capital, Retained Earnings, Hedge Reserve, Powerco, Gas Division