✨ Financial Statements




27 AUGUST NEW ZEALAND GAZETTE

WAITOMO ENERGY SERVICES LIMITED

Line Business Activity

Statement of Financial Performance

For Year Ending 31st March 1997

Note 1997 1996
$000 $000
Income 9,246 8,749
Transmission costs (2,443) (2,466)
Line losses (680) (644)
6,123 5,639
System Costs 1,736 1,623
Insurance 72 72
Indirect costs 877 866
Interest 199 181
Asset Replacement 209 0
Loss on Sale 30 0
Depreciation 291 876
3,414 3,618

| Net Profit before Tax and Discount | | 2,709 | 2,021 |
| Taxation expense | 2 | 721 | 634 |
| Net Profit After Tax | | 1,988 | 1,387 |
| Customer Discount | 3 | 1,005 | 795 |
| Net Profit after Tax and Discount | | 982 | 592 |
| Retained Earnings at Beginning of Year | | 1,536 | 944 |
| Total Retained Earnings | | 2,518 | 1,536 |



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🏭 Notes to the Financial Statements for Waitomo Energy Services Limited (continued from previous page)

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