✨ Financial Statements




NEW ZEALAND GAZETTE

2 SEPTEMBER

2509

TASMAN ENERGY LIMITED

LINE & OTHER BUSINESSES FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1996

Note Line Business Other Business
$000 $000
1996 1995

REVENUE

Distribution revenue | 22,183 | 21,241 | | |
Interest received | 829 | 598 | 77 | 0 |
Electricity sales and other income | 2,382 | | 38,717 | 36,708 |
| 25,394 | 21,839 | 38,794 | 36,708 |

OPERATING PROFIT

After charging:

Depreciation on fixed assets | 1,537 | 1,435 | 285 | 94 |
Audit fees | 37 | 31 | 2 | 4 |
Other fees paid to auditor | 4 | | 0 | |
Directors fees | 108 | 44 | 16 | 76 |
Tasman Electric Power Trust expense reimbursement | 40 | 15 | 2 | 27 |
Loan interest | 214 | 320 | 0 | 0 |
Lease of buildings | 121 | (136) | 304 | 501 |
Bad debts written off | 71 | | 34 | |
Increase (decrease) in estimated doubtful debts | (18) | | 31 | |
Donations | 6 | | 0 | |

SURPLUS BEFORE TAXATION | 6,146 | 2,556 | 926 | 86 |

Provision for taxation | 1,956 | 636 | 310 | 42 |

SURPLUS AFTER TAXATION | 4,190 | 1,920 | 615 | 44 |

Retained earnings at beginning of year | 3,470 | 1,650 | 230 | 186 |

Total available for appropriation | 7,660 | 3,570 | 845 | 230 |

Dividends paid | 4 | 200 | 0 | 0 |

Retained Earnings at End of Year | 7,460 | 3,470 | 845 | 230 |



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✨ LLM interpretation of page content

πŸ’° Certification of Financial Statements by Audit New Zealand (continued from previous page)

πŸ’° Finance & Revenue
Audit, Financial Statements, Certification, Valuation, Electricity Act, Information Disclosure

πŸ’° Tasman Energy Limited Financial Performance

πŸ’° Finance & Revenue
Financial Performance, Revenue, Operating Profit, Surplus, Taxation, Dividends, Retained Earnings