New Zealand Gazette – 1997 – No. 111

Page 2609

✨ Financial Statements

1 SEPTEMBER NEW ZEALAND GAZETTE 2609

CENTRAL ELECTRIC LIMITED

LINE BUSINESS UNIT

Statement of Financial Performance for the Year ended 31 March 1997

	31.03.97 $	31.03.96 $
Gross Income	13,334,141	12,609,964
less Discount	504,038	479,966
Net Income	12,830,103	12,129,998

Less Expenditure:

| | | |
| National Grid Transmission Charges | 2,760,827 | 2,870,664 |
| Operating Costs | 3,127,801 | 3,139,243 |
| Overheads | 2,878,677 | 2,589,483 |
| | 8,767,305 | 8,599,390 |

| Earnings before Depreciation, Interest and Taxation | 4,062,798 | 3,530,608 |

Less:

| Depreciation | 1,808,069 | 1,353,885 |
| Interest | 12,946 | 12,946 |
| | 1,821,015 | 1,366,831 |

| Net Profit before Tax | 2,241,783 | 2,163,777 |

| Less Taxation | 671,079 | 439,394 |

| Net Profit after Tax | 1,570,704 | 1,724,393 |

| Less Dividend | 32,665 | 31,004 |

| Transferred to Retained Earnings | $1,538,039 | $1,693,379 |

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VUW Te Waharoa — NZ Gazette 1997, No 111

NZLII — NZ Gazette 1997, No 111

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✨ LLM interpretation of page content

🏭 Central Electric Limited Line Business Financial Performance (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Revenue, Expenditure, Taxation, Profit, Dividends, Retained Earnings

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