New Zealand Gazette – 1997 – No. 167

Page 3996

✨ Financial Statements

3996

NEW ZEALAND GAZETTE

No. 167

Electricity Corporation of New Zealand Limited
Statement of Financial Performance for the year ended 30 June 1997

Notes	1997 $M	1996 $M
CONTINUING ACTIVITIES
Revenue	2	990
Operating expenses		530
Net finance costs	3	82
Operating profit from continuing activities		378
DISCONTINUED ACTIVITIES
Revenue	2	93
Operating expenses	2	93
Operating profit from discontinued activities		-
Profit before taxation	4	378
Taxation expense	5	111
Profit after taxation		267
Share of losses of associate entity		-
Net profit for the year		267

Statement of Movements in Equity for the year ended 30 June 1997

	1997	1996
Equity at start of the year	1937	2,582
Net profit for the year	267	337
Surplus arising on fair valuation	1	105
	2,309	3,353
Dividends payable in cash:
Ordinary dividends paid or provided	6	148
Special dividends paid	6	158
	306	1,416
Equity at end of the year		2,003

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VUW Te Waharoa — NZ Gazette 1997, No 167

NZLII — NZ Gazette 1997, No 167

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✨ LLM interpretation of page content

🏭 Electricity Corporation Financial Performance

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Performance, Revenue, Profit, Taxation

🏭 Electricity Corporation Equity Movements

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Equity, Dividends, Financial Movements

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