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TrustPower Annual Report 2008
Statements of Recognised Income and Expense
           

GROUP

PARENT

2008

2007

2008

2007

FOR THE YEAR ENDED 31 MARCH 2008

Note  

$000

$000

$000

$000

 
Fair value gains/(losses) [net of tax]:
- Generation assets 15   - 416,988 - 372,976
- Cash flow hedges (including electricity price derivatives) 5   17,434 (55,339) 18,685 (52,463)
 
Effect of change in corporate tax rate on:
- Revaluation reserve 14,169 - 13,509 -
- Cash flow hedge reserve (206) - (206) -
 
Currency translation differences 18   595 - - -
Movements in employee share option reserve 18   (21) 63 (21) 63
Net Income Recognised Directly in Equity 31,971 361,712 31,967 320,576
 
Profit for the Year 98,133 102,429 95,724 106,539
   
Total Recognised Income for the Year Attributable to the Shareholders 130,104 464,141 127,691 427,115


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