New Zealand Gazette – 1996 – No. 165

Page 4330

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 165

WEL ENERGY GROUP LIMITED

Statement of Financial Performance

For the year ended 31 March 1996

Note Line Business 1996 ($000s) Line Business 1995 ($000s) Energy Business 1996 ($000s) Energy Business 1995 ($000s)
Total revenue 1 44,536 41,642 41,715 40,927
Operating expenses 2 (28,659) (29,038) (37,566) (39,244)
Net profit before taxation 15,877 12,604 4,149 1,683
Taxation expense 3 (6,105) (4,559) (1,369) (556)
Net profit after taxation 9,772 8,045 2,780 1,127
Provision for dividends (5,941) (6,937) (1,690) (973)
Surplus to Retained Earnings 3,831 1,108 1,090 154

Statement of Financial Position

As at 31 March 1996

Note Line Business 1996 ($000s) Line Business 1995 ($000s) Energy Business 1996 ($000s) Energy Business 1995 ($000s)
Shareholders' funds 4 110,009 72,688 1,850 749
Represented by:
Current assets 5 6,543 5,930 4,924 4,174
Fixed assets 6 110,622 75,213 756 782
Total assets 117,165 81,143 5,680 4,956
Current liabilities 7 4,848 6,564 3,916 4,256
Deferred Taxation 3 2,308 1,891 (86) (49)
Total liabilities 7,156 8,455 3,830 4,207
Net assets 110,009 72,688 1,850 749

These statements are to be read in conjunction with the notes on pages 2 to 8, and the Certification by Auditor on page 10.



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✨ LLM interpretation of page content

🏭 Statement of Financial Performance for WEL Energy Group Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Revenue, Expenses, Profit, WEL Energy Group

🏭 Statement of Financial Position for WEL Energy Group Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Assets, Liabilities, Shareholders' Funds, WEL Energy Group