β¨ Financial Statement
2 SEPTEMBER
NEW ZEALAND GAZETTE
2543
Electro Power Limited
Line Business
Statement of Financial Performance
for the year ended 31 March 1996
| | Note | 1996
| | | $'000 | 1995
| | | | $'000
|---------------------|------|-------|-------
| Operating revenues | 1 | 13,408| 12,549|
| Operating expenses | 2 | 11,315| 10,407|
|
| OPERATING PROFIT BEFORE INTEREST, TAXATION AND SUBVENTION PAYMENTS |
| | | 2,093 | 2,142 |
| Subvention payments | | 1,484 | 763 |
|
| NET PROFIT BEFORE INTEREST AND TAXATION |
| | | 609 | 1,379 |
| Net interest expense| | 434 | 418 |
|
| NET PROFIT BEFORE TAXATION |
| | | 175 | 961 |
| Taxation expense | 3 | (225) | 258 |
|
| NET PROFIT AFTER TAXATION |
| | | 400 | 703 |
|
| Retained earnings at beginning of year |
| | | 1,757 | 1,484 |
| Total available for appropriation |
| | | 2,157 | 2,187 |
| Dividends paid | | β | 430 |
|
| RETAINED EARNINGS AT END OF YEAR |
| | | 2,157 | 1,757 |
The statement of accounting policies and the accompanying notes on pages 4 to 10 form part of and are to be read in conjunction with these financial statements.
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VUW Te Waharoa —
NZ Gazette 1996, No 98
NZLII —
NZ Gazette 1996, No 98
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π
Financial statement disclosure for the Line Business and Electricity Retailing Business
(continued from previous page)
π Trade, Customs & IndustryFinancial Statement, Disclosure, Line Business, Electricity Retailing