β¨ Financial Statements
2844 NEW ZEALAND GAZETTE No. 116
WAITOMO ENERGY SERVICES LIMITED
Line Business Activity
Statement of Financial Performance
For Year Ended 31st March 1998
| Note | 1998 | 1997 | |
|---|---|---|---|
| $ 000's | $ 000's |
Income
Transmission costs | | 9,499 | 9,246 |
| | (2,179) | (2,443) |
Line losses | | (662) | (680) |
| | 6,658 | 6,123 |
System Costs | | 1,752 | 1,736 |
Insurance | | 73 | 72 |
Indirect costs | | 765 | 877 |
Interest | | 203 | 199 |
Asset Replacement | | 132 | 209 |
Loss on Sale | | 0 | 30 |
Depreciation | | 303 | 291 |
| | 3,228 | 3,414 |
Net Profit before Tax and Discount | | 3,430 | 2,709 |
Taxation expense | 2 | 919 | 721 |
Net Profit After Tax| | 2,511 | 1,988 |
Customer Discount | 3 | 1,122 | 1,005 |
Net Profit after Tax and Discount | | 1,389 | 983 |
Retained Earnings at Beginning of Year | | 2,512 | 1,529 |
Total Retained Earnings | | 3,901 | 2,512 |
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VUW Te Waharoa —
NZ Gazette 1998, No 116
NZLII —
NZ Gazette 1998, No 116
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Waitomo Energy Services Limited Financial Performance Statement
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