New Zealand Gazette – 1998 – No. 142

Page 3444

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 142

Wairarapa Electricity Limited and Subsidiary Companies

Consolidated Statements of Financial Performance

for the year ended 31 March 1998

Note Line Business 1998 $000's Energy and Other Business 1998 $000's Line Business 1997 $000's Energy and Other Business 1997 $000's
Total Income 4 17,094 17,132 17,085 14,817
Operating Surplus Before Taxation 3,4 7,475 372 6,148 151
Less Provision for Taxation 7 2,222 (7) 1,524 (2)
Operating Surplus After Taxation 5,253 379 4,624 153

Wairarapa Electricity Limited and Subsidiary Companies

Consolidated Statements of Movements in Equity

for the year ended 31 March 1998

Line Business 1998 $000's Energy and Other Business 1998 $000's Line Business 1997 $000's Energy and Other Business 1997 $000's
Opening Total Shareholders’ Funds 63,518 2,703 32,403 2,814
add: Operating Surplus After Taxation 5,253 379 4,624 153
less: Dividend 2,456 387 1,441 264
add: Movement in Asset Revaluation Reserve 3,414 - 27,932 -
Closing Total Shareholder’s Funds 69,729 2,695 63,518 2,703


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