New Zealand Gazette – 1995 – No. 86

Page 2490

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 86

HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY

PROFIT & LOSS STATEMENT

FOR THE YEAR ENDED 31 MARCH 1995

Notes Lines Business $000 Other Businesses $000
REVENUE
Energy Distribution 13,750 36,603
Transmission 12,395 —
Other 3,977 5,552
Interest 153 311
Total Revenue 30,275 42,466

| EXPENSES | | | |
| Energy | | — | 35,799 |
| Transmission | | 12,785 | — |
| Operations | | 14,717 | 5,755 |
| Depreciation | | 4,747 | 52 |
| Total Expenses | | 32,249 | 41,606 |

| NET INCOME (LOSS) BEFORE INTEREST & TAX | | (1,974) | 860 |
| LESS: Interest Expense | | (835) | — |

| NET PROFIT (LOSS) BEFORE TAXATION | | (2,809) | 860 |
| Taxation Expense (Benefit) | 3 | (793) | 283 |

| NET PROFIT (LOSS) AFTER TAXATION | | (2,016) | 577 |
| Retained Earnings at beginning of period | | (616) | 745 |
| PLUS: Capital Gain on Sale of Assets | | — | — |

| RETAINED EARNINGS AT END OF PERIOD | | (2,632) | 1,322 |

The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.



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✨ LLM interpretation of page content

🏭 Certification of Financial Statements for Hawkes Bay Power Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
10 August 1995
Financial Statements, Certification, Electricity Regulations, Hawkes Bay Power