✨ Financial Performance Statement




NEW ZEALAND GAZETTE

No. 165

TRANSPOWER NEW ZEALAND LIMITED GROUP

CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 30 JUNE 1997

Notes 1997 1996
$000 $000
Operating revenue 3 550,342 541,296
Operating expenses 4 323,926 291,334
Surplus from operations 226,416 249,962
Net finance costs 6 107,055 106,820
Operating surplus before tax 119,361 143,142
Tax expense 7 26,465 46,747
Operating surplus after tax 92,896 96,395
Share of post tax acquisition deficit of the Transpower Group associate 9 (115) (498)
Net surplus attributable to shareholders 92,781 95,897


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