✨ Financial Statements




20 AUGUST

NEW ZEALAND GAZETTE

2281

TASMAN ENERGY LIMITED

LINE & OTHER BUSINESSES FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDING 31 MARCH 1997

Note Line Business Other Business
1997 1996 1997 1996
$000 $000 $000 $000

REVENUE

Distribution revenue (net of sales discounts) | | 23,328 | 22,183 | | |
Interest received | | 367 | 829 | 49 | 77 |
Electricity sales and other income | 3 | 6,556 | 2,382 | 36,053 | 38,717 |
| | 30,251 | 25,394| 36,102 | 38,794|

OPERATING SURPLUS

After charging:
Depreciation on fixed assets | | 1,679 | 1,537 | 372 | 285 |
Audit fees | | 41 | 37 | 1 | 2 |
Other fees paid to auditor | | 4 | 4 | 0 | 0 |
Directors fees | | 118 | 108 | 16 | 16 |
Tasman Electric Power Trust expense reimbursement | | 0 | 40 | 0 | 2 |
Loan interest | | 439 | 214 | 0 | 0 |
Lease of buildings | | 127 | 121 | 254 | 304 |
Bad debts written off | | 62 | 71 | 29 | 34 |
Increase (decrease) in estimated doubtful debts | | 0 | (18) | 17 | 31 |
Donations | | 7 | 6 | 0 | 0 |

SURPLUS BEFORE TAXATION | 3 | 8,666 | 6,146 | 418 | 926 |

Provision for taxation | | 4,111 | 2,275 | 1,956 | 310 |

SURPLUS AFTER TAXATION | | 6,391 | 4,190 | 164 | 615 |

Retained earnings at beginning of year | | 7,460 | 3,470 | 845 | 230 |

Total available for appropriation | | 13,851 | 7,660 | 1,009 | 845 |

Dividends paid | 5 | 200 | 200 | | |

RETAINED EARNINGS AT END OF YEAR | | 13,651 | 7,460 | 1,009 | 845 |



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🏭 Tasman Energy Limited Financial Certification (continued from previous page)

🏭 Trade, Customs & Industry
1 August 1997
Electricity, Financial Statements, Performance Measures, Regulations, Tasman Energy