✨ Financial Performance Statement




NEW ZEALAND GAZETTE

19 AUGUST

2247

BULLER ELECTRICITY LIMITED

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED MARCH 31 1997

Line Operator Energy Trading
1997 1996 1997 1996
$ $ $ $

Operating Revenues

Sales of Electricity | 3,609,090 | 3,028,672 | 3,727,738 | 3,954,886 |
Other Income | 67,399 | 75,681 | 1,233,185 | 1,293,693 |
| 3,676,489 | 3,104,353 | 4,960,923 | 5,248,579 |

Operating Expenses

Cost of Electricity | 1,650,644 | 1,304,503 | 3,114,728 | 3,315,789 |
Depreciation | 434,581 | 396,500 | 53,258 | 34,988 |
Other Expenses | 1,229,774 | 1,264,256 | 1,548,865 | 1,623,487 |
| 3,314,999 | 2,965,259 | 4,716,851 | 4,974,264 |

Surplus Before Taxation | 361,490 | 139,094 | 244,072 | 274,315 |
Taxation | 127,536 | 54,145 | 80,657 | 106,057 |

Surplus After Taxation | 233,954 | 84,949 | 163,415 | 168,258 |
Deduct | | | | |
Share of Retained Losses of Associates | - | - | 1,835 | 1,928 |

Net Surplus | $233,954 | $84,949 | $161,580 | $166,330 |



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🏭 Buller Electricity Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
19 August 1997
Financial Performance, Electricity, Revenue, Expenses, Surplus, Taxation, Buller Electricity Limited