✨ Financial Statements




2358 NEW ZEALAND GAZETTE No. 90

WAITOMO ENERGY SERVICES LIMITED

Line Business Activity
Statement of Financial Performance
For Year Ending 31st March 1996

Note $
000
Income 8,749
Transmission costs (2,466)
Line losses ( 644)
5,639

System costs 1,623
Insurance 72
Indirect costs 866
Interest 181
Depreciation 876
3,618

Net Profit before Tax & Discount 2,021
Taxation expense 2 634
Net Profit After Tax 1,387

Customer Discount 3 795
Net Profit after Tax and Discount 592
Retained Earnings at Beginning of Year 944
Total Retained Earnings 1,536

Line Business Activity
Statement of Financial Position
As At 31st March 1996

Note $
000
CORPORATE FUNDS
Share Capital 8,000
Retained Earnings 1,536
Revaluation Reserve ( 49)
9,487

Fixed Assets 4 11,775
Investments 850

Current Assets
Cash 1,291
Receivables and Prepayments 445
Inventory 1,736

Total Assets Employed 14,361

Term Liabilities
Loans 5 3,000
Deferred Tax 6 528
3,528

Current Liabilities
Account Payable 395
General Provisions 248
Customer Discount Provision 703
1,346

Total Liabilities 4,874

Net Assets Employed 9,487



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