✨ Financial Statements
2292 NEW ZEALAND GAZETTE No. 82
MARLBOROUGH ELECTRIC LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994
STATEMENTS OF PROFIT AND LOSS
for the year ended 31 March 1995
| NOTES | MONOPOLY BUSINESS (Network) | GENERATION COMPETITIVE BUSINESS | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS |
|---|---|---|---|---|
| $ | $ | $ | $ |
INCOME:
Electricity Sales | 9,707,943 | 4,286,147 | 12,457,309 | 26,451,399 |
Other Income External | 135,846 | 50,291 | 3,807,479 | 3,993,616 |
Other Income Internal | 911,028 | | 1,370,638 | 2,281,666 |
Internal Transfers | 228,772 | (93,300) | (135,472) | 0 |
TOTAL INCOME: | 10,983,589 | 4,243,138 | 17,499,954 | 32,726,681 |
EXPENDITURE:
Electricity Purchases from E.C.N.Z. | 2,039,386 | | 7,954,129 | 9,993,515 |
Electricity Purchases from M.E Generation | 1,259,162 | | 3,026,985 | 4,286,147 |
Operation and Maintenance | 3,546,900 | 271,339 | 4,110,674 | 7,928,913 |
Administration and General | 1,445,152 | 136,819 | 1,197,656 | 2,779,627 |
Depreciation | 1,132,398 | 544,799 | 165,580 | 1,842,777 |
Interest | 648,391 | 44,443 | 73,681 | 766,515 |
TOTAL EXPENDITURE: | 10,071,389 | 997,400 | 16,528,705 | 27,597,494 |
NET PROFIT PRIOR TO TAX | 912,200 | 3,245,738 | 971,249 | 5,129,187 |
Taxation Expenses | 314,060 | 1,071,093 | 316,788 | 1,701,941 |
NET PROFIT AFTER TAX | 598,140 | 2,174,645 | 654,461 | 3,427,246 |
Add Opening Balance Retained Earnings | 242,933 | 722,698 | 130,582 | 1,096,213 |
Less Dividend Provision | | (1,200,000) | | (1,200,000) |
CLOSING BALANCE RETAINED EARNINGS | 841,073 | 1,697,343 | 785,043 | 3,323,459 |
The accompanying notes form an integral part of these financial statements.
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VUW Te Waharoa —
NZ Gazette 1995, No 82
NZLII —
NZ Gazette 1995, No 82
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Certification of Financial Statements by Auditor
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💰 Finance & Revenue3 August 1995
Audit, Certification, Financial Statements, Electricity, Marlborough