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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💰 Financial Statements and Notes (continued from previous page)

💰 Finance & Revenue
Financial Statements, Revenue, Expenses, Profit, Taxation, Line Activities