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New Zealand Gazette – 1996 – No. 113

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✨ Financial Statement

NEW ZEALAND GAZETTE

No. 113

CENTRAL ELECTRIC LIMITED

LINE BUSINESS UNIT

Statement of Financial Performance for the Year ended 31 March 1996

	31.03.96 $	31.03.95 $
Gross Income	12,609,964	11,462,836
less Discount	479,966	934,877
Net Income	12,129,998	10,527,959

Less Expenditure:

| National Grid Transmission Charges | 2,870,664 | 2,730,910 |
| Operating Costs | 3,139,243 | 2,634,663 |
| Overheads | 2,589,483 | 2,040,087 |
| | 8,599,390 | 7,405,660 |

Earnings before Depreciation, Interest and Taxation | 3,530,608 | 3,122,299 |

Less:

| Depreciation | 1,353,885 | 1,182,522 |
| Interest | 12,946 | 28,495 |
| | 1,366,831 | 1,211,017 |

Net Profit before Tax | 2,163,777 | 1,911,282 |

Less Taxation | 439,394 | 596,022 |

Net Profit after Tax | 1,724,383 | 1,315,260 |

Less Dividend | 31,004 | 23,759 |

Transferred to Retained Earnings | $1,693,379 | $1,291,501 |

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VUW Te Waharoa — NZ Gazette 1996, No 113

NZLII — NZ Gazette 1996, No 113

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏢 Financial Performance Statement for Central Electric Limited

Domain🏢 State Enterprises & Insurance
KeywordsFinancial Performance, Gross Income, Net Income, Expenditure, Depreciation, Taxation, Dividend, Retained Earnings, Central Electric Limited

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