New Zealand Gazette – 1997 – No. 141

Page 3267

✨ Financial Statements



MARLBOROUGH ELECTRIC LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORD WITH THE
ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

STATEMENT OF FINANCIAL PERFORMANCE

YEAR ENDED 31 MARCH 1997

INCOME

Sales
Other Income External
Internal Transfers

TOTAL INCOME

EXPENDITURE

Electricity Purchases from ECNZ.
Electricity Purchases from MEL Generation
Transmission Charges from Transpower
Transmission Charges from MEL Generation
Operation & Maintenance
Administration & General
Depreciation
Interest

TOTAL EXPENDITURE

OPERATING SURPLUS BEFORE TAX

Taxation Expense

OPERATING SURPLUS AFTER TAX

Dividend Provision

TRANSFERRED TO RETAINED EARNINGS

The accompanying notes form an integral part of these financial statements.

NOTES
2

Year Ended 31 March 1997

Network Operations Generation Business Energy Trading and Other
$ $ $
12,711,622 4,039,542 14,010,253
188,766 147,482 4,712,124
86,508 (85,812) (696)

12,986,896 4,101,212 18,721,681

                  9,620,058
                  2,780,380

2,243,499 727,424 1,406,063
1,259,162 162,922 3,491,154
874,754 635,045 166,563
1,249,010 29,526 78,497
489,494

9,186,984 1,554,917 17,542,715

3,799,912 2,546,295 1,178,966

1,242,477 840,871 394,777

2,557,435 1,705,424 784,189

172,993 697,459 699,548

2,384,442 1,007,965 84,641

Year Ended 31 March 1996

Network Operations Generation Business Energy Trading and Other
$ $ $
11,378,059 4,281,464 13,132,119
218,096 89,193 5,012,882
84,770 (83,197) (1,573)

11,680,925 4,287,460 18,143,428

                  8,573,558
                  3,016,577

2,226,131 787,791 3,565,617
1,259,162 197,846 1,664,379
1,529,706 526,588 185,831
1,199,238 90,352
753,166

10,078,527 1,512,225 17,096,314

1,602,398 2,775,235 1,047,114

580,038 947,526 334,841

1,022,360 1,827,709 712,273

92,979 801,288 530,733

929,381 1,026,421 181,540



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🏭 Financial Statements of Marlborough Electric Limited (continued from previous page)

🏭 Trade, Customs & Industry
19 September 1997
Electricity, Financial Statements, Performance Measures, Information Disclosure, Marlborough Electric Limited