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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🏭 Southpower Limited Information Disclosure (continued from previous page)

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Electricity, Information Disclosure, Southpower Limited, Financial Statement