✨ Financial Statements




11 AUGUST

NEW ZEALAND GAZETTE

2061

SCANPOWER LIMITED

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1997

| Notes | Lines Business | | Energy Business |
|-------|----------------|----------------|------------------|----------------|
| | 1997 | 1996 | 1997 | 1996 |
| | $ | $ | $ | $ |

REVENUE

Electricity Revenue | 4,307,356 | 3,829,612 | 5,372,592 | 4,836,341
Other Income | 407,583 | 490,673 | 1,674,887 | 1,915,220 |
| 1 |
Less Customer Discounts | 1,021,022 | 900,000 | 500,000 | 446,175 |
TOTAL REVENUE | 3,693,917 | 3,420,585 | 6,547,479 | 6,305,386 |

EXPENSES

Electricity business and other costs | 3,438,914 | 3,396,668 | 6,494,403 | 6,204,554
TOTAL EXPENSES | 3,438,914 | 3,396,668 | 6,494,403 | 6,204,554 |

OPERATING SURPLUS BEFORE TAXATION | 255,003 | 23,917 | 53,076 | 100,832 |
Taxation Expense | 2 | 92,677 | 16,212 | 17,515 | 33,268 |

OPERATING SURPLUS AFTER TAXATION | 162,326 | 7,705 | 35,561 | 67,564 |

The accompanying notes form an integral part of these financial statements



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