✨ Financial Statements
2692 NEW ZEALAND GAZETTE No. 109
HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY
STATEMENT OF FINANCIAL PERFORMANCE
For The Year Ended 31 March 1998
| Lines Business | Other Business | |||
|---|---|---|---|---|
| 1998 | 1997 | 1998 | 1997 | |
| $000 | $000 | $000 | $000 | |
| Notes |
OPERATING REVENUE | 4 | 27,257 | 32,200 | 49,239 | 49,611 |
OPERATING SURPLUS BEFORE TAXATION | 4 | (1,471) | 3,913 | 3,707 | 3,916 |
Taxation Expense | 3 | (405) | 1,366 | 1,223 | 1,262 |
NET OPERATING SURPLUS AFTER TAXATION | | (1,066) | 2,547 | 2,484 | 2,654 |
Share of associate companies after tax surplus | - | - | 131 | 30 |
NET SURPLUS | | (1,066) | 2,547 | 2,615 | 2,684 |
STATEMENT OF MOVEMENTS IN EQUITY
For The Year Ended 31 March 1998
| Lines Business | Other Business | |||
|---|---|---|---|---|
| 1998 | 1997 | 1998 | 1997 | |
| $000 | $000 | $000 | $000 |
Equity at 1 April 1997 | | 59,810 | 57,263 | 11,694 | 9,010 |
Net Surplus (Total recognised revenues and expenses) | | (1,066) | 2,547 | 2,615 | 2,684 |
Equity at 31 March 1998 | | 58,744 | 59,810 | 14,309 | 11,694 |
The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1994.
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VUW Te Waharoa —
NZ Gazette 1998, No 109
NZLII —
NZ Gazette 1998, No 109
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Audit Certification of Hawke’s Bay Power Distribution Limited Financial Statements
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