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

🏭 Trade, Customs & Industry
Energy Business, Financial Performance, Revenue, Expenditure, Profit