New Zealand Gazette – 1997 – No. 114

Page 2664

✨ Financial Statements



2664 NEW ZEALAND GAZETTE No. 114

Rebates

ii) The Rebate Share entitles the Qualifying Customer to a rebate on fixed and variable distribution line charges which represents a rebate of the surplus. The accumulated rebate paid to Qualifying Customers is treated for accounting purposes, as an expense and is disclosed separately in the Statement of Financial Performance.

1.8 Changes in Accounting Policies

There have been no changes in accounting policies. All policies have been applied on a basis consistent with those used in previous years.

Lines Business Statement of Financial Performance

For The Year Ended 31 March 1997

Note 1997 $\000 1996 $\000
Operating Revenue 20,226 17,928
Operating Surplus Before Taxation and Rebates 9,228 6,583
Rebates (4,508) -
Taxation (1,410) 2,242
Operating Surplus After Taxation and Rebates 3,310 4,341
Adjustment of Deferred Tax Balance - (177)
Operating Surplus 5 3,310 4,164

Lines Business Statement of Movements in Equity

for the Year Ended 31 March 1997

Note 1997 $\000 1996 $\000
Equity at Start of Period 38,923 37,447
Dividend from Other Business Activities 391 877
Operating Surplus 5 3,310 4,164
Increase in Asset Revaluation Reserve 6 185 585
Total Recognised Revenues and Expenses 3,886 5,626
Dividends Paid 3 - (4,150)
Equity at the End of the Period 42,809 38,923


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✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Fixed Assets, Depreciation, MainPower New Zealand Ltd

🏭 Lines Business Statement of Financial Performance for the Year Ended 31 March 1997

🏭 Trade, Customs & Industry
Financial Performance, Operating Revenue, Operating Surplus, Taxation, Rebates

🏭 Lines Business Statement of Movements in Equity for the Year Ended 31 March 1997

🏭 Trade, Customs & Industry
Equity, Dividends, Operating Surplus, Asset Revaluation Reserve