New Zealand Gazette – 1997 – No. 111

Page 2618

✨ Financial Performance Statement



2618 NEW ZEALAND GAZETTE No. 111

CENTRAL ELECTRIC LIMITED

ENERGY BUSINESS UNIT

Statement of Financial Performance for the Year ended 31 March 1997

31.03.97 $ 31.03.96 $
Gross Income 18,410,844 18,507,417
less Discount 603,186 666,993
Net Income 17,807,658 17,840,424

Less Expenditure:

| | | |
| Cost of Power Purchases | 9,552,967 | 9,036,730 |
| Cost of Goods Sold | 4,392,399 | 5,428,444 |
| Operating Costs | 3,174,102 | 2,061,212 |
| Overheads | 479,964 | 571,352 |
| Total Expenditure | 17,599,432 | 17,097,738 |

Earnings before Depreciation, Interest and Taxation

| | 208,226 | 742,686 |

Less:

| Depreciation | 80,288 | 54,743 |

Net Profit before Tax

| | 127,938 | 687,943 |

Less Taxation

| | 37,520 | 139,142 |

Net Profit after Tax

| | 90,418 | 548,801 |

Less Dividend

| | 1,826 | 9,867 |

Transferred to Retained Earnings

| | $88,592 | $538,934 |



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✨ LLM interpretation of page content

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

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