✨ Financial Statements
MERCURY ENERGY
MERCURY ENERGY LIMITED & SUBSIDIARIES
30 OCTOBER
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1996 continued
3. LINE ACTIVITIES - Continued
| 1996 | 1995 | |||
|---|---|---|---|---|
| Opening Balance | Opening Balance | Opening Balance | Opening Balance | |
| (As Audited) | Restated | (As Audited) | Restated | |
| Note | $'000 | (Unaudited) | $'000 | (Unaudited) |
| $'000 | $'000 | |||
| ----------------------- | ------------------------------ | -------------------------- | ------------------------------ | -------------------------- |
| Average Total Funds | ||||
| Employed | 685,001 | 746,912 | 597,804 | 715,387 |
| Average Shareholders’ | ||||
| Funds | 353,073 | 384,484 | 306,102 | 370,673 |
| Cash Tax | 9a | 14,763 | 12,951 | 13,770 |
| Interest Tax Shield | 11,396 | 11,396 | 8,910 | |
| Revaluations | 16 | 117,200 | (3,520) | - |
| Ratios:* | ||||
| Accounting Return on | ||||
| Total Assets: | (Earnings before interest, | |||
| depreciation and tax divided | ||||
| by Average Total Funds | ||||
| Employed) | ||||
| Accounting Return on | ||||
| Equity: | (Net profit after tax plus | |||
| after tax effect of | ||||
| depreciation divided by | ||||
| Average Total Shareholders’ | ||||
| Funds) | ||||
| Accounting Rate of | ||||
| Profit: | (Earnings before interest, | |||
| depreciation and tax less | ||||
| cash tax less interest tax | ||||
| shield plus Revaluations | ||||
| divided by Average Total | ||||
| Funds Employed minus half | ||||
| Revaluations) |
*These financial performance ratios are set out in the First Schedule, Part II.
NEW ZEALAND GAZETTE
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VUW Te Waharoa —
NZ Gazette 1996, No 158
NZLII —
NZ Gazette 1996, No 158
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Financial Statements and Notes
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