✨ Financial Notes and Disclosures
29 AUGUST NEW ZEALAND GAZETTE 2585
Notes to the Accounts
Both the Statement of Financial Performance and Statement of Financial Position are reconcilable to Southpower’s published Annual Report after adjusting for the revenues, costs, assets and liabilities attributable to the business units and related companies that are not covered by the disclosure requirements of these Regulations.
- Operating surplus before taxation
The operating surplus before tax includes the following expense items:
| Years ending 31 March | 1997 Line Business $000’s | 1996 Line Business $000’s | 1997 Electricity Related Businesses $000’s | 1996 Electricity Related Businesses $000’s |
|---|---|---|---|---|
| Depreciation | 11,013 | 10,157 | 896 | 1,175 |
| Interest on mandatory convertible notes | 6,101 | 6,101 | - | - |
| Net other interest expense/(income) | (1,574) | (493) | (75) | (617) |
| Severances and restructuring expenditure | 730 | 716 | 779 | 968 |
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VUW Te Waharoa —
NZ Gazette 1997, No 110
NZLII —
NZ Gazette 1997, No 110
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Southpower Limited Information Disclosure under Electricity Regulations
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