New Zealand Gazette – 1997 – No. 87

Page 2078

✨ Financial Statements



2078 NEW ZEALAND GAZETTE No. 87

HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY
STATEMENT OF FINANCIAL PERFORMANCE
For The Year Ended 31 March 1997

Notes Lines Business 1997 $000 Lines Business 1996 $000 Other Business 1997 $000 Other Business 1996 $000
OPERATING REVENUE 32,200 27,885 49,611 47,788
OPERATING SURPLUS BEFORE TAXATION 3,913 (578) 3,916 2,106
Taxation Expense 1,366 (85) 1,262 695
NET OPERATING SURPLUS AFTER TAXATION 2,547 (493) 2,654 1,411
Share of associate companies after tax surplus - - 30 -
NET SURPLUS 2,547 (493) 2,684 1,411

STATEMENT OF MOVEMENTS IN EQUITY
For The Year Ended 31 March 1997

Lines Business 1997 $000 Lines Business 1996 $000 Other Business 1997 $000 Other Business 1996 $000
Equity at 1 April 1996 57,263 57,756 9,010 7,599
Net Surplus (Total recognised revenues and expenses) 2,547 (493) 2,684 1,411
Equity at 31 March 1997 59,810 57,263 11,694 9,010

The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations



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🏭 Certification of Financial Statements and Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
18 July 1997
Financial Statements, Performance Measures, Electricity, Hawke's Bay Power Distribution Limited