✨ Financial Statements




5 AUGUST

NEW ZEALAND GAZETTE

2579

WAIPA POWER LIMITED - LINE BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1998

Note 1998 $ 1997 $
REVENUE 9,694,520 9,969,992
NET SURPLUS BEFORE TAX 2 2,901,056 2,021,946
LESS TAXATION EXPENSE 3 710,914 647,305
NET SURPLUS AFTER TAX 2,190,142 1,374,641

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1998

1998 $ 1997 $
EQUITY AS AT 1 APRIL 1997 44,045,732
44,045,732
NET SURPLUS FOR YEAR 2,190,142 1,374,641
TOTAL RECOGNISED REVENUE AND
EXPENSES FOR THE YEAR 2,190,142 1,374,641
INTERIM DIVIDEND DECLARED 661,917 -
PROVISION FOR DIVIDEND 590,764 899,803
DISTRIBUTION TO OWNERS FOR
INVESTING ACTIVITIES - 6,197,523
EQUITY AS AT 31 MARCH 1998 44,983,193 44,045,732

The accompanying notes form part of and are to be read in conjunction with these financial statements.

The financial statements have been prepared for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.



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🏭 Certification of Financial Statements and Performance Measures by Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
23 June 1998
Financial Statements, Performance Measures, Electricity, Information Disclosure, Waipa Power Limited