✨ Financial Statements




NEW ZEALAND GAZETTE

No. 112

WEL ENERGY GROUP LIMITED

ENERGY BUSINESS

Notes to the Financial Statements

For the Year Ended 31 March 1995

1995
($000s)

1 Revenue

Electricity sales 40,039
Other income 888


                40,927

2 Net Profit Before Tax

The Net Profit Before Tax is stated after charging

Electricity purchases 36,344
Wages and salaries 795
Depreciation 100
Rental and Operating Lease Costs 145

3 Taxation expense

Profit before taxation 1,683
Tax on profit at 33% 556
Tax effect of permanent differences -
Taxation expense 556

Represented by:
Deferred income tax liability 5
Current taxation provision 551


                              556


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Financial Statements, Revenue, Net Profit, Taxation, WEL Energy Group Limited