New Zealand Gazette – 1996 – No. 99

Page 2577

✨ Financial Performance Report

2 SEPTEMBER NEW ZEALAND GAZETTE

Power New Zealand Limited

2.5 STATEMENT OF FINANCIAL PERFORMANCE

For the year ended 31 March 1996

	1996 Network	1995 Network	1996 Energy	1995 Energy
	($000)	($000)	($000)	($000)
Notes
Total Revenue	133,173	126,955	133,841	107,762
Less Cost of Sales	53,419	53,139	109,193	93,509
Gross Margin	79,754	73,816	24,648	14,253
Other Trading Income	2	10,010	10,532	1,654
Total Income	89,764	84,348	26,302	15,363
Non-recurring expenses	3	(106)	1,564	(54)
Other Expenses	3	58,973	51,049	4,568
Operating Surplus Before Taxation	3	30,897	31,735	21,788
Taxation	4	12,766	12,791	6,827
Operating Surplus after taxation		18,131	18,944	14,961
NET SURPLUS FOR YEAR		18,131	18,944	14,961

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VUW Te Waharoa — NZ Gazette 1996, No 99

NZLII — NZ Gazette 1996, No 99

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✨ LLM interpretation of page content

🌾 Report on Performance Measures by Auditor for Power New Zealand Limited (continued from previous page)

Domain🌾 Primary Industries & Resources
Dated22 August 1996
KeywordsElectricity, Performance Measures, Audit Report, Financial Efficiency, Regulations

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