✨ Financial Statements




19 SEPTEMBER NEW ZEALAND GAZETTE 3141

WAIPA POWER LIMITED - LINE BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1997

Note 1997 $ 1996 $
REVENUE 9,969,992 10,120,926

| NET SURPLUS BEFORE TAX | 2 | 2,021,946 | 2,186,221 |

| LESS TAXATION EXPENSE | 3 | 647,305 | 500,651 |

| NET SURPLUS AFTER TAX | | 1,374,641 | 1,685,570 |

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1997

1997 $ 1996 $
EQUITY AS AT 1 APRIL 1996 49,768,417 16,506,498

| NET SURPLUS FOR YEAR | 1,374,641 | 1,685,570 |

| REVALUATION OF ASSETS | - | 32,827,736 |

| TOTAL RECOGNISED REVENUE AND EXPENSES FOR THE YEAR | 1,374,641 | 34,513,306 |

| PROVISION FOR DIVIDEND | 899,803 | 1,251,387 |

| DISTRIBUTION TO OWNERS FOR INVESTING ACTIVITIES | 6,197,523 | - |

| EQUITY AS AT 31 MARCH 1997 | 44,045,732 | 49,768,417 |

The accompanying notes form part of and are to be read in conjunction with these financial statements. The financial statements have been prepared for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.



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🏭 Certification of Financial Statements for Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
25 July 1997
Financial Statements, Performance Measures, Electricity, Waipa Power Limited