✨ Financial Performance Statement




NEW ZEALAND GAZETTE

No. 100

CITIPOWER LIMITED

Electricity Retailing Statement of Financial Performance as at 31 March 1995

Energy Business

| Notes | 31-Mar-95 $
('000) |
|-------|-------------------|

Operating Income

Sales of Electricity

6,316

Cost of Electricity Sales

Purchase of Electricity

5,436

Gross Profit on Electricity Trading

880

Other Income (Net)

Miscellaneous Income

12 (28)

Interest Income

26

Total Other Income

(2)

Less Expenses

Operating expenses

631

Interest

68

Depreciation

5

21

Audit fees

9

Nelson City Council lease Payments

0

Directors fees

10

Loss on sale of fixed assets

6

Nelson City Council Participation Fee

0

Total Expenses

745

NET PROFIT BEFORE TAXATION

133

Taxation

11

2

NET PROFIT AFTER TAXATION

131

Opening Retained Earnings 1 April 1994

(5)

Closing Retained Earnings

126

The accompanying notes form part of these financial statements.



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🏭 Electricity Retailing Statement of Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Electricity, Citipower Limited, Revenue, Expenses, Profit