β¨ Financial Statements
2678 NEW ZEALAND GAZETTE No. 108
CENTRAL ELECTRIC LIMITED
ENERGY BUSINESS UNIT
Statement of Financial Performance for the Year ended 31 March 1998
| 31.03.98 | 31.03.97 | |
|---|---|---|
| $'000 | '000 | |
| Gross Income | 13,656 | 18,411 |
| less Discount | 409 | 603 |
| Net Income | 13,247 | 17,808 |
Less Expenditure:
| 31.03.98 | 31.03.97 | |
|---|---|---|
| Cost of Power Purchases | 9,501 | 9,553 |
| Cost of Goods Sold | - | 4,393 |
| Operating Costs | 893 | 3,174 |
| Overheads | 419 | 480 |
| 10,813 | 17,600 |
Earnings before Depreciation, Interest and Taxation
| | 2,434 | 208 |
Less:
| Depreciation | 324 | 80 |
Net Profit before Tax
| | 2,110 | 128 |
Less Taxation
| | 602 | 38 |
Net Profit after Tax
| | 1,508 | 90 |
Less Dividend
| | 20 | 1 |
Transferred to Retained Earnings
| | 1,488 | 89 |
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VUW Te Waharoa —
NZ Gazette 1998, No 108
NZLII —
NZ Gazette 1998, No 108
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Central Electric Limited Financial Performance
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