Meridian Annual Report - Meridian Energy
Meridian Annual Report - Meridian Energy
Meridian Annual Report - Meridian Energy
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51<<br />
<strong>Meridian</strong> <strong>Energy</strong> Limited — Notes to the Financial Statements (continued)<br />
7. Equity (continued)<br />
Group<br />
Share Capital<br />
$’000<br />
Revaluation<br />
Reserve<br />
$’000<br />
Foreign<br />
Currency<br />
Translation<br />
Reserve<br />
$’000<br />
Cash Flow<br />
Hedge Reserve<br />
$’000<br />
Available<br />
for Sale<br />
Reserve<br />
$’000<br />
Retained<br />
Earnings<br />
$’000<br />
Total Equity<br />
Attributable to<br />
Shareholders<br />
of the Parent<br />
$’000<br />
Balance at 1 July 2007 1,600,000 2,746,509 4 2,316 1,544 39,807 4,390,180<br />
Profit for the Year - - - - - 128,678 128,678<br />
Effect of Reduction in Minority Interest - - - - - 9,138 9,138<br />
Cash Flow Hedges:<br />
Net (Loss)/Gain Taken to Equity - - - (38,070) - - (38,070)<br />
Available for Sale Reserve:<br />
Net Gain/(Loss) Taken to Equity - - - - (2,842) - (2,842)<br />
Exchange Differences Arising from Translation<br />
of Foreign Operations - - 81 - - - 81<br />
Movement in Deferred Tax Liability Attributable<br />
to Equity - 4,107 - 12,593 748 (4,107) 13,341<br />
Effect of Corporate Tax Rate Reduction<br />
on Deferred Tax - (373) - (1,191) (123) 373 (1,314)<br />
Asset Revaluation Reserve Transferred<br />
to Retained Earnings - (12,448) - - - 12,448 -<br />
Total Recognised Income and Expenses<br />
for the Year - (8,714) 81 (26,668) (2,217) 146,530 109,012<br />
Dividends Paid - - - - - (297,897) (297,897)<br />
Balance at 30 June 2008 1,600,000 2,737,795 85 (24,352) (673) (111,560) 4,201,295<br />
Group<br />
Total Equity<br />
Attributable to<br />
Shareholders<br />
of the Parent<br />
$’000<br />
Share Options<br />
Vested<br />
$’000<br />
minority<br />
Interest<br />
$’000<br />
Total<br />
$’000<br />
Balance at 1 July 2007 4,390,180 - 11,610 4,401,790<br />
Profit for the Year 128,678 - (116) 128,562<br />
Effect of Reduction in Minority Interest 9,138 - (9,138) -<br />
Cash Flow Hedges:<br />
Net (Loss)/Gain Taken to Equity (38,070) - - (38,070)<br />
Available for Sale Reserve:<br />
Net Gain/(Loss) Taken to Equity (2,842) - - (2,842)<br />
Exchange Differences Arising from Translation of Foreign Operations 81 - - 81<br />
Movement in Deferred Tax Liability Attributable to Equity 13,341 - - 13,341<br />
Effect of Corporate Tax Rate Reduction on Deferred Tax (1,314) - - (1,314)<br />
Asset Revaluation Reserve Transferred to Retained Earnings - - - -<br />
Total Recognised Income and Expenses for the Year 109,012 - (9,254) 99,758<br />
Share Options Vested - 981 - 981<br />
Dividends Paid (297,897) - - (297,897)<br />
Balance at 30 June 2008 4,201,295 981 2,356 4,204,632
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