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67
notes to the financial Statements
for the year ended 31 March 2012
27. Share capital
Group
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Issued and fully paid capital
Represented by 13,163,120 ordinary shares
8,013
8,013
8,013
8,013
Number of Shares Held By:
Waitomo Energy Services Customer Trust
11,846,808 11,846,808 11,846,808 11,846,808
King Country Electric Power Trust
1,316,312 1,316,312 1,316,312 1,316,312
13,163,120 13,163,120 13,163,120 13,163,120
The Company has one class of ordinary shares, which have no par value. There were no changes to share-
holding during the year.
28. Hedging reserves
The hedging reserve represents hedging gains and (losses) recognised on the effective portion of cash flow
hedges.
Group
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Opening balance
(1,015)
(905)
(1,015)
(905)
Gain/(loss) recognised on cash flow hedges:
Interest rate swaps
(245)
(157)
(245)
(157)
Income tax related to gain/losses recognised in
equity
40
47
40
47
(1,220)
(1,015)
(1,220)
(1,015)
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