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New Zealand Gazette – 1997 – No. 97

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 97

WEL ENERGY GROUP LIMITED

Statement of Financial Performance

For the year ended 31 March 1997

| Note | Line Business | | Energy Business |
|------|----------------|----------------|------------------|----------------|
| | 1997 | 1996 | 1997 | 1996 |
| | ($000s) | ($000s) | ($000s) | ($000s) |

| | | | | |
| Total revenue | 1 | 47,270 | 44,536 | 44,231 | 41,715 |
| Operating expenses | 2 | (29,544) | (28,659) | (40,502) | (37,566) |
| Net profit before taxation | | 17,726 | 15,877 | 3,729 | 4,149 |
| Taxation expense | 3 | (6,805) | (6,105) | (1,230) | (1,369) |
| Net profit after taxation | | 10,921 | 9,772 | 2,499 | 2,780 |
| Share of surplus of Associate Entity | | - | - | 144 | - |
| Surplus Attributable to the Shareholders of the Parent Company | | 10,921 | 9,772 | 2,643 | 2,780 |

Statement of Financial Position

As at 31 March 1997

| Note | Line Business | | Energy Business |
|------|----------------|----------------|------------------|----------------|
| | 1997 | 1996 | 1997 | 1996 |
| | ($000s) | ($000s) | ($000s) | ($000s) |

| Shareholders’ funds | 4 | 113,157 | 110,009 | 2,715 | 1,850 |

Represented by:

| Current assets | 5 | 7,891 | 6,543 | 4,864 | 4,924 |
| Fixed assets | 6 | 110,880 | 110,622 | 780 | 756 |
| Investments in Associates | | - | - | 1,250 | - |
| Other non current assets | | 328 | - | - | - |
| Total assets | | 119,099 | 117,165 | 6,894 | 5,680 |

| Current liabilities | 7 | 3,509 | 4,848 | 4,168 | 3,916 |
| Deferred Taxation | 3 | 2,433 | 2,308 | 11 | (86) |
| Total liabilities | | 5,942 | 7,156 | 4,179 | 3,830 |
| Net assets | | 113,157 | 110,009 | 2,715 | 1,850 |

21 July 1997

These statements are to be read in conjunction with the attached notes and Certification by the Auditor.

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VUW Te Waharoa — NZ Gazette 1997, No 97

NZLII — NZ Gazette 1997, No 97

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✨ LLM interpretation of page content

🏭 Certification of Financial Statements and Performance Measures for WEL Energy Group Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated21 July 1997
KeywordsFinancial Statements, Performance Measures, Electricity, WEL Energy Group

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