New Zealand Gazette – 1996 – No. 113

Page 2880

✨ Financial Performance Statement



NEW ZEALAND GAZETTE

No. 113

CENTRAL ELECTRIC LIMITED

ENERGY BUSINESS UNIT

Statement of Financial Performance for the Year ended 31 March 1996

31.03.96 $ 31.03.95 $
Gross Income 18,507,417 18,172,999
less Discount 666,993 1,041,799
Net Income 17,840,424 17,131,200

Less Expenditure:

31.03.96 $ 31.03.95 $
Cost of Power Purchases 9,036,730 8,108,275
Cost of Goods Sold 5,428,444 5,343,988
Operating Costs 2,061,212 2,929,852
Overheads 571,352 405,738
17,097,738 16,787,853

Earnings before Depreciation, Interest and Taxation

| | 742,686 | 343,347 |

Less:

| Depreciation | 54,743 | 56,928 |

Net Profit before Tax

| | 687,943 | 286,419 |

Less Taxation

| | 139,142 | 89,318 |

Net Profit after Tax

| | 548,801 | 197,101 |

Less Dividend

| | 9,867 | 3,591 |

Transferred to Retained Earnings

| | $538,934 | $193,510 |



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✨ LLM interpretation of page content

🏢 Central Electric Limited Energy Business Statement of Financial Performance (continued from previous page)

🏢 State Enterprises & Insurance
Financial Performance, Energy Business, Central Electric Limited, Income, Expenditure, Net Profit, Taxation, Dividend, Retained Earnings