New Zealand Gazette – 1995 – No. 140

Page 4574

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 140

Electricity Corporation of New Zealand Limited

Statement of Financial Performance

For the year ended 30 June 1995

Notes 12 months ended June 1995 12 months ended June 1994
$000 $000
CONTINUING ACTIVITIES
Revenue 1,281,750 1,279,043
Operating Expenses 2 618,543 612,145
Net Finance Costs External 4 87,250 333,375
Less:
Finance Income Attributable to Non-Core Business Activities 3,899 275,906
Net Finance Costs 83,351 57,469
Operating Surplus from Continuing Activities 579,856 609,429
Surplus before Taxation 3 579,856 609,429
Income Tax Expense 5 193,627 184,404
Surplus after Taxation 386,229 425,025
Net Surplus for the Period 386,229 425,025

Statement of Movement in Equity

For the year ended 30 June 1995

Notes 12 months ended June 1995 12 months ended June 1994
$000 $000
Equity at Start of the Period 14 3,840,636 3,904,723
Net Surplus for the Period 386,229 425,025
Dividends Payable in Cash:
Ordinary Dividends Paid or Provided 6 856,779 420,112
Preference Dividends Provided 6 - 69,000
Preference Share Capital and Share Premium Repaid 14 800,000 -
1,656,779 489,112
Equity at End of the Period 14 2,570,086 3,840,636

The accounting policies on pages 4570 to 4573 and notes on pages 4576 to 4588 form part of these financial statements.



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

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Accounting Policies, Regulations, Disclosure