New Zealand Gazette – 1996 – No. 125

Page 3126

✨ Electricity Information Disclosure

3126 NEW ZEALAND GAZETTE No. 125

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 1995 to 31 March 1996 and comparatives for the 1995 year which have been revised to be disclosed on a consistent basis with the current year.

Regulation 6 - Financial Statement disclosure by line owners

STATEMENT OF FINANCIAL PERFORMANCE

Years ending 31 March	1996 Line Business $000's	1995 Line Business $000's	1996 Electricity Related Businesses $000's	1995 Electricity Related Businesses $000's
Sale of line services/energy	111,540	104,320	114,877	109,585
Revenue profit/(loss) on sale of fixed assets	-	-	17	13
Capital profit on sale of fixed assets	3	36	7	39
Other revenue	6,599	6,890	51,323	46,836
	118,142	111,246	166,224	156,473

| Purchases of transmission/energy | 36,257 | 35,914 | 112,232 | 107,230 |
| Depreciation | 10,157 | 9,322 | 1,175 | 1,020 |
| Other expenses | 38,778 | 38,383 | 51,277 | 44,760 |
| | 85,192 | 83,619 | 164,684 | 153,010 |

| Surplus from operations | 32,950 | 27,627 | 1,540 | 3,463 |

| Interest revenue | 602 | 686 | 617 | 396 |
| Interest expense - MCN’s | (6,101) | (6,101) | - | - |
| Interest expense - other | (109) | (21) | - | - |
| | (5,608) | (5,436) | 617 | 396 |

| SURPLUS BEFORE TAX | 27,342 | 22,191 | 2,157 | 3,859 |

| Taxation | 8,016 | 9,517 | 576 | 1,551 |
| Equity Accounted Losses (After Tax) | - | - | (1) | - |

| SURPLUS AFTER TAX | 19,326 | 12,674 | 1,582 | 2,308 |

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VUW Te Waharoa — NZ Gazette 1996, No 125

NZLII — NZ Gazette 1996, No 125

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

🏭 Southpower Limited Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Information Disclosure, Southpower Limited, Financial Statement

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