New Zealand Gazette – 1998 – No. 141

Page 3426

✨ Financial Statements



Wairoa Power Limited - Other Businesses

STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 31 MARCH 1998

Note 1998 1997
SALES 3,966,108 3,810,372
Cost of Sales 3,125,140 3,182,147
Operating costs 777,691 932,695
Total Operating and Trading Costs 3,902,831 4,114,842
NET OPERATING PROFIT 63,277 (304,470)
Other Income 264,611 557,858
NET PROFIT BEFORE TAXATION 2 327,888
Provision for Taxation 3 121,839
NET PROFIT AFTER TAXATION 206,049

STATEMENT OF MOVEMENTS IN EQUITY
FOR THE YEAR ENDED 31 MARCH 1998

1998 1997
Equity at 1 April 1997 2,703,591 2,656,290
Net Profit for period 206,049 166,276
Total recognised revenues and expenses for year 206,049 166,276
Dividends paid or payable 107,551 118,975
Equity at 31 March 1998 2,802,089 2,703,591

The accompanying notes form part of these financial statements.

Wairoa Power Limited - Other Businesses

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 1998

Note 1998 1997
SHAREHOLDERS FUNDS 2,802,089 2,703,591
2,802,089 2,703,591
TERM LIABILITIES 5 600,000
CURRENT LIABILITIES
Accounts Payable and Accruals 6 314,686
Provision for Dividend 4 107,551
422,237
3,824,326
NON CURRENT ASSETS
Fixed Assets 7 1,694,738
Deferred Taxation 3 13,502
Investments 8 189,410
1,897,650
CURRENT ASSETS
Bank and cash 1,240,338
Receivables and prepayments 9 397,290
Provision for Income Tax 154,203
Inventories 10 134,845
1,926,676
3,824,326

The accompanying notes form part of these financial statements.

NEW ZEALAND GAZETTE

No. 141

3426



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✨ LLM interpretation of page content

🏭 Financial Performance of Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Sales, Operating Costs, Net Profit, Taxation, Wairoa Power Limited

🏭 Movements in Equity for Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Equity, Net Profit, Dividends, Financial Statements, Wairoa Power Limited

🏭 Financial Position of Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Shareholders Funds, Term Liabilities, Current Liabilities, Non-Current Assets, Current Assets, Wairoa Power Limited