New Zealand Gazette – 1997 – No. 103

Page 2404

✨ Financial Statements Notes



2404 NEW ZEALAND GAZETTE No. 103

ENERGY AND OTHER BUSINESS ACTIVITIES - NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 1997

Note 1 Revenue

1997 $ 1996 $
Energy Sales 13,392,305 11,818,985
Appliance Sales, Servicing & Wholesale Trading 3,990,590 3,892,661
Sundry Income 98,274 14,646
Line Contracting 316,387 401,530
Total $17,797,556 $16,127,822

Note 2 Operating Expenditure

1997 $ 1996 $
Directors Fees & Expenses 31,851 34,498
Shareholder Committee Fees & Expenses 8,000 6,268
Grant Electricity Ashburton Trust 0 8,241
Audit Fees - Annual 14,250 16,717
Audit Fees - Other 1,250 1,047
Interest Paid 21,887 4,524
Other 16,738,912 14,974,498
Total $16,816,150 $15,045,793

Note 3 Taxation

Taxation Reconciliation:

1997 $ 1996 $
Accounting Operating Surplus before Taxation 447,545 513,812
Prima Facie Taxation @ 33% 147,690 169,557

Plus Tax Effect of:
Permanent Differences 1,377 4,662
Prior Year Adjustment 75,164 51,936
Taxation Charge for Year $224,231 $226,155


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🏭 Electricity Information Disclosure for Ashburton Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Revenue, Expenditure, Taxation, Accounting