✨ Corporate Financial Statement




3140 No. 100

NEW ZEALAND GAZETTE

CITIPOWER LIMITED

Electricity (Information Disclosure) Regulations 1994

Line Business Statement of Financial Performance for the 12 months ended 31 March 1995

Notes Line Business 31-Mar-95 $(β€˜000)
Operating Income
Line Services 6,529

| Cost of Sales | | |
| Transmission Charges | | 2,107 |
| Gross Profit | | 4,422 |

| Other Income (Net) | | |
| Miscellaneous Income | 12 | 248 |
| Interest Income | | 52 |
| Total Other Income | | 300 |

| Less Expenses | | |
| Operating expenses | | 2,953 |
| Interest | 5 | 68 |
| Depreciation | | 1 |
| Audit fees | | 9 |
| Nelson City Council lease Payments | | 799 |
| Directors fees | | 11 |
| Loss on sale of fixed assets | | 0 |
| Nelson City Council Participation Fee | | 1,014 |
| | | 4,855 |

| NET LOSS BEFORE TAXATION | | (133) |
| Taxation | 11 | 0 |
| NET LOSS AFTER TAXATION | | (133) |

| Opening Retained Earnings 1 April 1994 | | 0 |
| Closing Retained Earnings | | (133) |

The accompanying notes form part of these financial statements.



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🏭 Line Business Statement of Financial Performance

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Financial Performance, Electricity, Citipower Limited, Line Business, Operating Income, Expenses, Profit, Loss