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New Zealand Gazette – 1998 – No. 108

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✨ Financial Performance Statement

7 AUGUST

NEW ZEALAND GAZETTE

2669

CENTRAL ELECTRIC LIMITED

LINE BUSINESS UNIT

Statement of Financial Performance for the Year ended 31 March 1998

	31.3.98	31.03.97
	$'000	$'000
Gross Income	13,861	13,334
less Discount	492	504
Net Income	13,369	12,830

Less Expenditure:

National Grid Transmission Charges | 2,780 | 2,761 |
Operating Costs | 3,564 | 3,128 |
Overheads | 2,356 | 2,878 |
| Total Expenditure | 8,700 | 8,767 |

Earnings before Depreciation, Interest and Taxation | 4,669 | 4,063 |

Less:

Depreciation | 1,989 | 1,808 |
Interest | 13 | 13 |
| Total Deductions | 2,002 | 1,821 |

Net Profit before Tax | 2,667 | 2,242 |

Less Taxation | 761 | 671 |

Net Profit after Tax | 1,906 | 1,571 |

Less Dividend | 25 | 33 |

Transferred to Retained Earnings | 1,881 | 1,538 |

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VUW Te Waharoa — NZ Gazette 1998, No 108

NZLII — NZ Gazette 1998, No 108

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Central Electric Limited Financial Performance (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Central Electric Limited, Gross Income, Net Income, Expenditure, Earnings, Depreciation, Interest, Taxation, Net Profit, Dividend, Retained Earnings

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