β¨ Financial Statements
9 OCTOBER
NEW ZEALAND GAZETTE
WEL ENERGY GROUP LIMITED
LINES BUSINESS
| Unadjusted Financial Statements 1995 ($000s) | Adjusted for Performance Measures 1995 ($000s) | |
|---|---|---|
| Statement of Financial Performance | ||
| Distribution Revenue | 41,642 | 41,642 |
| less | ||
| Transmission Charges & Line Losses | 14,695 | 14,695 |
| System Expenditure | 6,361 | 6,361 |
| Non-System Expenditure | 4,351 | 4,351 |
| Depreciation | 1) 3,631 | 5,312 |
| Earnings before Interest and Tax | 12,604 | 10,923 |
| Interest expense | - | - |
| Net profit before tax | 12,604 | 10,923 |
| less | ||
| Tax | 2) 4,559 | 4,542 |
| Net profit after tax | 8,045 | 6,381 |
| less | ||
| Dividend Declared | 6,937 | 6,937 |
| Transfer to Retained Earnings | 1,108 | (556) |
WEL Energy Group accounts for its distribution system by using the full depreciation accounting methodology.
-
Depreciation has been adjusted to reflect the ODV valuation of the distribution system.
-
Tax has been adjusted to reflect cash paid.
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VUW Te Waharoa —
NZ Gazette 1995, No 112
NZLII —
NZ Gazette 1995, No 112
β¨ LLM interpretation of page content
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Financial Statements for WEL Energy Group Limited Lines Business
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Distribution Revenue, Depreciation, Net Profit, Dividend, Retained Earnings, WEL Energy Group Limited