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New Zealand Gazette – 1994 – No. 128

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 128

FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE 12 MONTHS ENDED 30 JUNE 1994

	Notes	12 months ended June 1994 $000
Gross income	1	1,279,043
Operating expenses, excluding abnormal costs	2	612,145
Net finance costs external		333,375
Less: Finance income attributable to non-core business activities		275,906
Net finance costs	3	57,469
Profit before taxation		609,429
Taxation	4	184,404
Profit after taxation		425,025
Opening retained earnings		580,723
Less : Ordinary and preference dividends	5	373,112
Special dividend	5	116,000
Total dividends		489,112
Transfers to (from) reserves	14	10,426
Total appropriations		499,538
Closing retained earnings	14	506,210

The accounting policies on pages 3826 to 3829 and notes on pages 3832 to 3842 form part of these financial statements.

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VUW Te Waharoa — NZ Gazette 1994, No 128

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Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

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🌾 Electricity Corporation of New Zealand Limited Financial Statements (continued from previous page)

Domain🌾 Primary Industries & Resources
KeywordsFinancial statements, Income, Expenses, Profit, Taxation, Dividends, Retained earnings

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