New Zealand Gazette – 1996 – No. 98

Page 2553

✨ Financial Statement



2 SEPTEMBER NEW ZEALAND GAZETTE 2553

Electro Power Limited

Electricity Retailing Business

Statement of Financial Performance

for the year ended 31 March 1996

Note 1996 1995
$'000 $'000
Operating revenues 1 12,251 11,983
Operating expenses 2 11,954 11,607
OPERATING PROFIT BEFORE INTEREST, TAXATION AND SUBVENTION PAYMENTS 297 376
Subvention payments 266 166
NET PROFIT BEFORE TAXATION 31 210
Taxation expense 3 (40) 56
NET PROFIT AFTER TAXATION 71 154
Retained earnings at beginning of year 60 -
Total available for appropriation 131 154
Dividends paid - 94
RETAINED EARNINGS AT END OF YEAR 131 60

The statement of accounting policies and the accompanying notes on pages 4 to 9 form part of and are to be read in conjunction with these financial statements.

2



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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statement, Disclosure, Electricity Retailing, Operating Revenues, Operating Expenses, Taxation, Retained Earnings