New Zealand Gazette – 1998 – No. 133

Page 3251

✨ Financial Statements



4 SEPTEMBER NEW ZEALAND GAZETTE 3251

LINE BUSINESS ACTIVITY - NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 1997

Note 1 Revenue

1998 $ 1997 $
Line Services 7,703,928 7,138,664
Transmission 3,005,611 2,598,580
Line Contracting 455,114 585,340
Sundry Income 0 43,153
Capital Contributions 225,160 373,797
Total $11,389,813 $10,739,534

Note 2 Operating Expenditure

1998 $ 1997 $
Transmission Charges 2,922,069 2,510,437
Directors Fees & Exps 63,470 63,702
Shareholders Committee Fees & Exps 24,888 16,000
Audit Fees - Annual 12,000 14,250
Audit Fees - Other 2,200 1,250
Interest Paid 118,456 63,709
Other 3,454,459 4,086,087
Total $6,597,542 $6,755,435

Note 3 Taxation

Taxation Reconciliation:

1998 $ 1997 $
Operating Surplus before Taxation 1,120,931 1,284,984
Prima Facie Taxation @ 33% 369,909 424,045

Plus Tax Effect of:-

| | | |
| Permanent Differences | 240,662 | 44,785 |
| Prior Year Adjustment | (44,524) | 263,401 |

| Taxation Charge for Year | $566,047 | $732,231 |



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✨ LLM interpretation of page content

🏭 Customer Rebate and Post Balance Date Events (continued from previous page)

🏭 Trade, Customs & Industry
10 August 1998
Electricity Ashburton, Financial Performance, Financial Position, Equity Movements

🏭 Line Business Activity Financial Statements for 1997

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Operating Expenditure, Taxation, Line Services, Transmission