New Zealand Gazette – 1995 – No. 86

Page 2504

✨ Electricity Financial Disclosures

NEW ZEALAND GAZETTE

No. 86

SOUTHPOWER LIMITED

The following public disclosures are made by Southpower Limited ("Southpower") in accordance with the Electricity (Information Disclosure) Regulations 1994.

The disclosures cover the period from 1 April 1994 to 31 March 1995.

Regulation 6 - Financial Statement disclosure by line owners

PROFIT AND LOSS STATEMENT

Year ended 31 March 1995

	Line Business	Other Electricity Businesses
	$000's	$000's
Sales of line services/energy	104,320	109,623
Revenue profit/(loss) on sale of fixed assets	-	55
Capital profit on sale of fixed assets	36	332
Other revenue	5,614	52,369
Total Revenue	109,970	162,379

	Line Business	Other Electricity Businesses
	$000's	$000's
Purchases of transmission/energy	35,914	107,262
Depreciation	9,322	3,097
Other expenses	37,107	45,736
Total Expenses	82,343	156,095

| Earnings from operations | 27,627 | 6,284 |
| Interest revenue | 686 | 5 |
| Interest expense - MCN's | (6,101) | - |
| Interest expense - other | (21) | - |
| | (5,436) | 5 |

| NET PROFIT BEFORE TAX | 22,191 | 6,289 |
| Taxation | 9,517 | 2,526 |

| NET PROFIT AFTER TAX | 12,674 | 3,763 |

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VUW Te Waharoa — NZ Gazette 1995, No 86

NZLII — NZ Gazette 1995, No 86

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✨ LLM interpretation of page content

🏭 Electricity Information Disclosure Regulations 1994 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Statements, Revenue, Expenses, Profit and Loss

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