31
2017 WEL Networks
|
Annual Report
wel.co.nz
WEL NETWORKS LIMITED
Statement of changes in equity
For the year-ended 31 March 2017
The above statement of changes in equity should be read in conjunction with the accompanying notes.
Notes
Share
capital
$’000
Convertible
note
$’000
R
eserves
$’000
Retained
earnings
$’000
Total
$’000
Non-
controlling
interest
$’00
0
Total
equity
$’000
Balance as at 1 April 2015
111,142 39,000 158,682 100,462 409,286 (1,702)
407,584
Comprehensive income
Profit/(loss) for the year
-
-
-
12,513 12,513 (1,634)
10,879
Movement in revaluation from disposal
of distribution network assets (net of tax)
17(a)
-
-
(1,987)
2,760
773
-
773
Cash flow hedges (net of tax)
17(a)
-
-
(4,439)
-
(4,439)
-
(4,439)
Total comprehensive income
-
-
(6,426)
15,273
8,847 (1,634)
7,213
Transactions with owners
Interest on convertible note
17(b)
-
-
-
(2,456)
(2,456)
-
(2,456)
Dividends
17(b)
-
-
-
(351)
(351)
-
(351)
Total contributions by and
distributions to owners
-
-
-
(2,807)
(2,807)
-
(2,807)
Balance as at 31 March 2016
111,142 39,000 152,256 112,928 415,326 (3,336)
411,990
Balance as at 1 April 2016
111,142 39,000 152,256 112,928 415,326 (3,336)
411,990
Comprehensive income
Profit/(loss) for the year
-
-
-
93,745 93,745 12,120 105,865
Movement in revaluation from disposal
of distribution network assets (net of tax)
17(a)
-
-
(1,458)
2,024
566
-
566
Cash flow hedges (net of tax)
17(a)
-
-
2,452
-
2,452
-
2,452
Total comprehensive income
-
-
994 95,769 96,763 12,120 108,883
Transactions with owners
Interest on convertible note
17(b)
-
-
-
(2,449)
(2,449)
-
(2,449)
Dividends
17(b)
-
-
-
(1,127)
(1,127)
-
(1,127)
Total contributions by and
distributions to owners
-
-
-
(3,576)
(3,576)
-
(3,576)
Balance as at 31 March 2017
111,142 39,000 153,250 205,121 508,513
8,784 517,297
