✨ Financial Statements




NEW ZEALAND GAZETTE

No. 106

WAIPA POWER LIMITED - OTHER BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1998

| Note | 1998
| | $
|------|-----------
| REVENUE | 15,102,235
| NET SURPLUS BEFORE TAX | 2 | 1,030,892
| LESS TAXATION EXPENSE | 3 | 345,449
| NET SURPLUS AFTER TAX | | 685,443

| | 1997
| | $
|------|----------
| | 14,378,818
| | 746,862
| | 256,898
| | 489,964

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1998

| | 1998
| | $
|--------------------|------------
| EQUITY AS AT 1 APRIL 1997 | 3,000,000
| NET SURPLUS FOR YEAR | 685,443
| TOTAL RECOGNISED REVENUE AND EXPENSES FOR THE YEAR | 685,443
| INTERIM DIVIDEND DECLARED | 362,188
| PROVISION FOR DIVIDEND | 323,255
| DISTRIBUTION TO OWNERS FOR INVESTING ACTIVITIES | -
| EQUITY AS AT 31 MARCH 1998 | 3,000,000

| | 1997
| | $
|--------------------|------------
| | 5,136,372
| | 489,964
| | 489,964
| | -
| | 823,859
| | 1,802,477
| | 3,000,000

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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🏭 Financial Performance of Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
26 June 1998
Financial Statements, Revenue, Surplus, Equity, Dividend, Waipa Power Limited