Welcome to Trustpower. The browser that you are currently using is not supported by this site. For best results please upgrade your browser.
Retrieving Data

Note 14

For The Year Ended 31 March 2012

REVALUATION RESERVE

GROUP PARENT
2012 2011 2012 2011
  Note $000 $000 $000 $000
Balance at beginning of year 880,391 867,493 705,806 696,365
Revaluation of generation assets 21 193,447 - 159,589 -
Transfer (to)/from deferred tax liability 28 (41,043) 62 (34,068) 62
Transfer (to)/from retained earnings 15 (51) (221) (25) (221)
Foreign exchange movements (6,231) 1,806 - -
Effect of amalgamation of subsidiaries 22 - - 30,252 -
Tax effect of change in corporate tax rate - 11,251 - 9,600
  1,026,513 880,391 861,554 705,806
 

There are no restrictions on the distribution of this reserve to the equity holders of the Company.