New Zealand Gazette – 1995 – No. 82

Page 2292

✨ 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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💰 Certification of Financial Statements by Auditor (continued from previous page)

💰 Finance & Revenue
3 August 1995
Audit, Certification, Financial Statements, Electricity, Marlborough