✨ Financial Statements
4356 NEW ZEALAND GAZETTE, No. 155 25 NOVEMBER 2013
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
19. Equity
Capital
Transpower has 1,200,000,000 issued and fully paid $1 ordinary shares. Transpower’s authorised capital is $1,200,000,000 (2012: $1,200,000,000). The shares confer on the holders the right to vote at any annual general meeting of Transpower. The shares have no par value and rank equally.
The group manages capital to maintain its strong credit rating. Surplus capital is returned by way of dividends to shareholders.
Dividends
The following dividends were declared and/or paid relating to the 2013 financial year.
| Declared | Amount $M | Cents per share | Paid |
|---|---|---|---|
| 18/02/2013 | 92.0 | 8 | 27/03/2013 |
| 15/08/2013 | 137.0 | 11 | 25/09/2013 |
$205 million was paid on 18 September 2012 relating to the 2011/12 financial year.
Imputation credits
The Group imputation credits have been adopted for this analysis.
| 2013 | |
|---|---|
| Balance at 1 July 2012 | $M |
| 341.2 | |
| Net tax payments/transfers made/refunds received | 31.1 |
| Imputation credits attached to dividends paid to shareholders | (141.1) |
| Balance at 30 June 2013 | 231.2 |
| Terminal tax accrued at 30 June 2013 (to pay July 2013) | 1.4 |
| 232.6 |
Available for sale reserve
This reserve comprises the cumulative net change in the fair value of available for sale financial assets until the investment is derecognised. The available for sale assets are the Fonterra shares that Transpower holds.
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NZ Gazette 2013, No 155
✨ LLM interpretation of page content
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Equity Details for Transpower New Zealand Limited Lines Business
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💰 Finance & RevenueEquity, Capital, Dividends, Imputation credits, Available for sale reserve, Financial statements, Transpower