✨ Financial Performance Statement




1 SEPTEMBER NEW ZEALAND GAZETTE 2623

CENTRAL ELECTRIC LIMITED

GENERATION BUSINESS UNIT

Statement of Financial Performance for the Year ended 31 March 1997

31.03.97 $ 31.03.96 $
Gross Income
less Discount 3,833,384 4,329,896
492 457
Net Income 3,832,892 4,329,439

Less Expenditure:

| | | |
| Operating Costs | 963,452 | 813,568 |
| Overheads | 1,166,798 | 1,367,697 |
| | 2,130,250 | 2,181,265 |

| Earnings before Depreciation, Interest and Taxation | 1,702,642 | 2,148,174 |

Less:

| Depreciation | 271,766 | 268,074 |
| Interest | 217,203 | 218,397 |
| | 488,969 | 486,471 |

| Net Profit before Tax | 1,213,673 | 1,661,703 |

| Less Taxation | 363,412 | 336,869 |

| Net Profit after Tax | 850,261 | 1,324,834 |

| Less Dividend | 17,689 | 23,821 |

| Transferred to Retained Earnings | $832,572 | $1,301,013 |



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🏭 Central Electric Limited Generation Business Statement of Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Revenue, Expenditure, Depreciation, Taxation, Dividends, Retained Earnings