New Zealand Gazette – 1997 – No. 106

Page 2476

✨ Financial Statements

Wairoa Power Limited - Lines Business

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1997

Note	1997	1996
SALES	3,275,278	3,639,751
Cost of Sales	914,361	877,272
Operating costs	1,909,752	1,906,374
Total Operating and Trading Costs	2,824,113	2,783,646
NET OPERATING PROFIT	-451,165	856,105
Other Income	111,159	113,950
NET PROFIT BEFORE TAXATION	2 562,324	970,055
Provision for Taxation	3 193,325	353,041
NET PROFIT AFTER TAXATION	368,999	617,014

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1997

Note	1997	1996
Equity at 1 April 1996		5,648,542
Net Profit for period	368,999	617,014
Movement in valuation of land and building	5,241	16,685
Total recognised revenues and expenses for year	374,240	633,699
Dividends paid or payable	258,207	422,601
	5,764,575	5,648,542

The accompanying notes form part of these financial statements.

Wairoa Power Limited - Lines Business

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1997

Note	1997	1996
SHAREHOLDERS FUNDS	5,764,575	5,648,541

CURRENT LIABILITIES

	1997	1996
Accounts Payable and Accruals	5 617,279	682,479
Provision for Dividend	258,207	422,601
Provision for Income Tax	-123,831	—
	999,317	1,105,080

| | 6,763,892 | 6,753,621 |

NON CURRENT ASSETS

Note	1997	1996
Fixed Assets	6 4,135,844	4,183,230
Deferred Taxation	3 15,279	19,656
	4,151,123	4,202,886

CURRENT ASSETS

	1997	1996
Bank & Cash	1,580,139	1,421,739
Receivables and prepayments	7 773,874	871,431
Inventories	8 258,756	257,565
	2,612,769	2,550,735

| | 6,763,892 | 6,753,621 |

The accompanying notes form part of these financial statements.

NEW ZEALAND GAZETTE

No. 106

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VUW Te Waharoa — NZ Gazette 1997, No 106

NZLII — NZ Gazette 1997, No 106

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Audit Report on Wairoa Power Limited Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
Dated29 July 1997
KeywordsAudit, Financial Statements, Electricity, Information Disclosure, Wairoa Power Limited

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