New Zealand Gazette – 1996 – No. 98

Page 2548

✨ Financial Statements



2548 NEW ZEALAND GAZETTE No. 98

Electro Power Limited

Line Business

Notes to and forming part of the financial statements
for the year ended 31 March 1996

1 OPERATING REVENUES

Electricity revenue 12,183 11,522
Other revenue 1,225 1,027

                      13,408      12,549

2 OPERATING EXPENSES

Depreciation 1,525 1,310
Directors' fees 55 71
Audit fees 19 6
Other expenditure 9,716 9,020

                      11,315      10,407

3 TAXATION

Profit before taxation 609 1,379
Prima facie taxation at 33% 201 455
Tax effect of timing differences (426) (197)
Taxation as per Statement of Financial Performance (225) 258
Represented by:
Current taxation (225) 258

4 SHARE CAPITAL
Authorised, issued and paid up capital
12,345,000 ordinary shares of $1 each 12,345 12,345

5 SHORT TERM DEPOSITS

On call and short term deposits not exceeding 30 days 1,575 1,100

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✨ LLM interpretation of page content

🏭 Financial statement disclosure for the Line Business and Electricity Retailing Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statement, Disclosure, Line Business, Electricity Retailing, Accounting Policies, Taxation, Deferred Tax, Financial Instruments, Hedges, Mark to Market