New Zealand Gazette – 1997 – No. 117

Page 2776

✨ Financial Statements Continuation

MercuryEnergy

Mercury Energy Limited and Subsidiaries

Notes to and forming part of the financial statements for the year ended 31 March 1997 continued

28. SIGNIFICANT EVENT AFTER BALANCE DATE

1997
Line Activities
$000

Operating surplus before taxation:

Group financial statements 121,723

Provision for loss on disposal of property 4,545

Electricity (Information Disclosure) Regulations 117,178

After balance date it was decided to dispose of the Banks Road property. Banks Road has been valued independently at a valuation which is significantly lower than its book value as at 31 March 1997. Therefore a provision for loss on sale has been created which has been reflected in the Electricity (Information Disclosure) Regulations accounts.

NEW ZEALAND GAZETTE

No. 117

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VUW Te Waharoa — NZ Gazette 1997, No 117

NZLII — NZ Gazette 1997, No 117

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Mercury Energy Limited and Subsidiaries Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Surplus, Property Disposal, Electricity Regulations, 1997

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