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New Zealand Gazette – 1998 – No. 146

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✨ Financial Statements

NEW ZEALAND GAZETTE

16 SEPTEMBER

TRUSTPOWER LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998

NOTE 2 : TOTAL REVENUE FROM CONTINUING ACTIVITIES

	LINE BUSINESS $'000	ENERGY BUSINESS $'000	GENERATION BUSINESS $'000
Sales	77,593	71,327	13,389
Interest received	158	31	615
Total	77,751	71,358	14,004

NOTE 3 : OPERATING SURPLUS BEFORE INCOME TAX

The operating surplus before tax is stated after charging/(crediting):

	LINE BUSINESS $'000	ENERGY BUSINESS $'000	GENERATION BUSINESS $'000
Amortisation of goodwill	478	57	420
Audit fees and expenses	39	20	7
Fees paid for other auditor services	137	69	23
Bad debts written off	50	46	-
Change in provision for doubtful debts	43	39	-
Depreciation	9,133	695	1,648
Directors fees	122	62	21
Interest paid on loans	3,644	26	2,677
Interest paid on convertible notes	2,781	20	2,044
Rental and operating lease costs	553	103	2

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VUW Te Waharoa — NZ Gazette 1998, No 146

NZLII — NZ Gazette 1998, No 146

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for TrustPower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsTotal Revenue, Operating Surplus, Line Business, Energy Business, Generation Business

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