✨ Financial Statements




NEW ZEALAND GAZETTE

No. 134

WAIPA POWER LIMITED - OTHER BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1997

Note 1997 $
REVENUE 14,378,818
1996 $
15,866,334

NET SURPLUS BEFORE TAX | 2 | 746,862 | 846,030

LESS TAXATION EXPENSE | 3 | 256,898 | 323,263

NET SURPLUS AFTER TAX | | 489,964 | 522,767

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1997

1997 $
EQUITY AS AT 1 APRIL 1996 5,136,372
1996 $
5,001,713

NET SURPLUS FOR YEAR | | 489,964 | 522,767 |

TOTAL RECOGNISED REVENUE AND EXPENSES FOR THE YEAR | | 489,964 | 522,767 |

PROVISION FOR DIVIDEND | | 823,859 | 388,108 |

DISTRIBUTION TO OWNERS FOR INVESTING ACTIVITIES | | 1,802,477 | - |

EQUITY AS AT 31 MARCH 1997 | | 3,000,000 | 5,136,372 |

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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