✨ Financial Performance Statement




2838 NEW ZEALAND GAZETTE No. 116

WAITOMO ENERGY SERVICES LIMITED

Electricity and Other Business Activity
Statement of Financial Performance
For Year Ended 31st March 1998

| | Note | 1998 $
000's | 1997 $
000's |
|---------------------------------|------|---------------|---------------|
| Income | | | |
| Electricity | | 7,971 | 7,893 |
| Other | | 2,775 | 2,981 |
| Interest (net) | | 21 | -518 |
| | | 10,767 | 11,392 |

| Expenses | | | |
| Electricity Costs | | 6,225 | 5,663 |
| Cost of Goods & Services Supplied | | 2,493 | 2,710 |
| Projects | | 64 | 131 |
| Corporate Expenses | | 667 | 876 |
| Gain on Sale | | 0 | (17) |
| Depreciation | | 265 | 259 |
| | | 9,714 | 9,622 |

| Abnormal Expenses | | | |

| Net Profit before Tax and Discount | | 1,053 | 1,770 |
| Taxation expense | 2 | 372 | 590 |
| Net Profit After Tax | | 681 | 1,180 |

| Customer Discount | 3 | (756) | (495) |
| Net Profit after Tax and Discount | | (75) | 685 |
| Retained Earnings at Beginning of Year | | 2,187 | 1,502 |
| Total Retained Earnings | | 2,112 | 2,187 |



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🏭 Trade, Customs & Industry
Electricity, Financial Performance, Income, Expenses, Net Profit, Retained Earnings