β¨ 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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VUW Te Waharoa —
NZ Gazette 1997, No 107
NZLII —
NZ Gazette 1997, No 107
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Notes to the Financial Statements for Waitomo Energy Services Limited
(continued from previous page)
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