✨ Financial Statements
NEW ZEALAND GAZETTE
18 SEPTEMBER
3625
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
for the year ended 31 March 1998
| Note | 1998 | 1997 | ||||
|---|---|---|---|---|---|---|
| Total | Line | Energy | Total | Line | Energy | |
| $000 | $000 | $000 | $000 | $000 | $000 |
Revenue | 3 | 29,802 | 15,751 | 14,051 | 29,773 | 15,196 | 14,577 |
Less: Expenses | 4 | (26,197)| (12,216)| (13,981)| (27,332)| (13,322)| (14,010)|
Operating Surplus before Taxation | 2 | 3,605 | 3,535 | 70 | 2,441 | 1,874 | 567 |
Less: Taxation expense| 5 | (1,116) | (1,092) | (24) | (818) | (629) | (189) |
Operating Surplus for the year | | 2,489 | 2,443 | 46 | 1,623 | 1,245 | 378 |
Less: Share losses of associate | 9 | (12) | 0 | (12) | (38) | — | (38) |
Net surplus for the year | | 2,477 | 2,443 | 34 | 1,585 | 1,245 | 340 |
The accompanying notes are an integral part of these financial statements.
CONSOLIDATED STATEMENT OF MOVEMENTS IN EQUITY
for the year ended 31 March 1998
| Note | 1998 | 1997 | ||||
|---|---|---|---|---|---|---|
| Total | Line | Energy | Total | Line | Energy | |
| $000 | $000 | $000 | $000 | $000 | $000 |
Equity at beginning of year | | 18,648 | 16,023 | 2,625 | 17,177 | 14,880 | 2,297 |
Add: | | | | | | | |
Net surplus for the year | | 2,477 | 2,443 | 34 | 1,585 | 1,245 | 340 |
Revaluation of Fixed Assets | 14 | (145) | (136) | (9) | 186 | — | 30 |
Total recognised revenues and expenses for the year | | 2,332 | 2,307 | 25 | 1,771 | 1,401 | 370 |
Distributions to shareholders | | (500) | (437) | (63) | (300) | (258) | (42) |
Equity at end of year | | 20,480 | 17,893 | 2,587 | 18,648 | 16,023 | 2,625 |
The accompanying notes are an integral part of these financial statements.
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VUW Te Waharoa —
NZ Gazette 1998, No 150
NZLII —
NZ Gazette 1998, No 150
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Eastland Energy Limited Financial Statements
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