New Zealand Gazette – 1997 – No. 141

Page 3271

✨ Financial Statements



  1. OPERATING SURPLUS BEFORE TAXATION

The operating surplus before taxation has been determined after:

Crediting as revenue:
Interest Income
Property Rentals
Surplus on Disposal of Fixed Assets

Charging as expense:
Audit Fees Paid to Principal Auditor
Fees Paid for Other Services Provided by the Principal Auditor.
Directors Fees
Depreciation
Interest on Term Debt
Research Expenditure
Receivables Written off
Increase in Estimated Doubtful Debts
Donations(Educational Grants)
Rental Expense on Operating Leases
Loss on Sale of Fixed Assets

  1. GENERATION OPERATIONS

Marlborough Electric's own generation provided 61.2 GWh (1996 70 GWh)

  1. TAXATION

4.1 TAXATION CHARGE

Operating Surplus before Tax
Add/(deduct)
Non Deductible Costs
Non Assessable Income
Taxable Income
Taxation Charge @ 33%
Prior Year Under/(Over) Provision

Year Ended 31 March 1997 Year Ended 31 March 1996
Network Operations Generation Business Energy Trading and Other $ Network Operations Generation Business Energy Trading and Other $
(5,666) 140,220 172,281 53,053 89,193 147,384
51,953
68,295 (1,981)
45,055 2,000 9,000 23,500
75,698
75,000 86,199
1,249,010 635,045 166,563 1,199,238 526,588 185,831
489,494 29,526 78,497 753,166 90,352
48,137 456,445
32,223 25,977
16,080 3,962 13,980 4,800
8,189 12,173 7,933 12,576
437
Year ended 31 March 1997 Year Ended 31 March 1996
Network Operations Generation Business Energy Trading and Other $ Network Operations Generation Business Energy Trading and Other $
3,799,912 2,546,295 1,178,966 1,602,399 2,775,235 1,047,113
110,424 1,801 127,277 129,453 96,056
(142,205) (103,459) (395) (494)
3,768,131 2,548,096 1,202,784 1,731,457 2,870,797 1,047,113
1,243,481 840,871 396,918 581,924 947,526 334,841
(1,004) (2,141) (1,886)
Tax Expense 1,242,477 840,871 394,777 580,038 947,526 334,841


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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Operating Surplus, Taxation, Generation Operations, Revenue, Expenses, Marlborough Electric Limited