Port Nelson Annual Report 2012 (pdf)

notes to the accounts
note 9: equity
2012 2011
(a) Share Capital $000 $000
Opening Balance 6,046 6,046
Redeemed During the Year - -
Balance at 30 June 6,046 6,046
At 30 June 2012 Port Nelson has 25,415,404 ordinary shares. All shares are fully paid and have no par value. All shares carry equal voting
rights and the right to share in any surplus on winding up of the company. None of the shares carry fixed dividend rights.
notes
(b) Retained Earnings
Retained Earnings 41,247 37,413
Net Surplus 10,367 6,584
Dividends Paid (9,000) (1,000)
Transfer to Dividend Payable (3,200) (3,200)
Infrastructural Assets Recognised for the First Time - 1,554
Deferred Tax - Prior Period 3 6
Deferred Tax - Infrastructural Assets (6) (435)
Transfer – Revaluation Reserve 18 -
Transfer - Revaluation Reserve Properties Sold 1,058 325
Retained Earnings at 30 June 40,487 41,247
(c) Asset Revaluation Reserve (Land and Improvements)
Opening Balance 78,376 78,701
Revaluation Movement - -
Transfer to Retained Earnings - Properties Sold (1,058) (325)
Deferred Tax Movement - -
Transfer to Retained Earnings - -
Closing Balance 77,319 78,376
d) Asset Revaluation Reserve (Wharves)
Opening Balance 10,246 10,248
Revaluation Movement - -
Revaluation Movement - Wharf Reclassification - -
Deferred Tax Movement - -
Transfer to Retained Earnings - (2)
Closing Balance 10,246 10,246
(e) Asset Revaluation Reserve (Buildings)
Opening Balance 2,009 2,009
Revaluation Movement (19) -
Deferred Tax Movement 6 -
Transfer to Retained Earnings - -
Closing Balance 1,997 2,009
(f) Asset Revaluation Summary
Opening Balance 90,631 90,957
Revaluation Movement (19) -
Transfer to Retained Earnings - Properties Sold (1,058) (325)
Deferred Tax Movement 6 -
Transfer to Retained Earnings 2 (1)
Closing Balance 89,562 90,631
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