✨ 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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