New Zealand Gazette – 1996 – No. 103

Page 2655

✨ Financial Statements

4 SEPTEMBER

NEW ZEALAND GAZETTE

2655

BULLER ELECTRICITY LIMITED
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED MARCH 31 1996

Line Operator	1996 $	1995 $	Note	Energy Trading	1996 $
Operating Revenues
Sales of Electricity	3,028,672	2,652,897		3,954,886	4,061,885
Other Income	75,681	159,239		1,293,693	1,448,214
	3,104,353	2,812,136		5,248,579	5,510,099
Operating Expenses
Cost of Electricity	1,304,503	714,646	(4)	3,315,789	3,687,122
Depreciation	396,500	369,661		34,988	31,369
Other Expenses	1,264,256	1,360,384		1,623,487	1,959,270
	2,965,259	2,444,691		4,974,264	5,677,761
Surplus Before Taxation	139,094	367,445		274,315	(167,662)
Taxation	54,145	129,501	(5)	106,057	(18,079)
Surplus After Taxation	84,949	237,944		168,258	(149,583)
Deduct
Share of Retained Losses of Associates	-	-		1,928	1,541
Net Surplus	$84,949	$237,944		$166,330	$(151,124)

A credit for the South Island differential is not reflected in the 1995 cost of electricity figures thus distorting the comparative information.

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VUW Te Waharoa — NZ Gazette 1996, No 103

NZLII — NZ Gazette 1996, No 103

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✨ LLM interpretation of page content

💰 Certification of Financial Statements by Buller Electricity Limited (continued from previous page)

Domain💰 Finance & Revenue
Dated4 September 1996
KeywordsFinancial Statements, Performance Measures, Electricity, Information Disclosure, Regulations

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