New Zealand Gazette – 1998 – No. 152

Page 3679

✨ Financial Statements



21 SEPTEMBER

NEW ZEALAND GAZETTE

3679

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1998

Operating Revenue for the year ended 31 March 1997

Gas Distribution 1997 $'000 Gas Retailing 1997 $'000 Other 1997 $'000
Comprises:
Sales 8,316 7,575 107,675
Interest revenue 2,117
Dividend revenue 1,770
Total 8,316 7,575 111,562

9 OPERATING SURPLUS BEFORE TAXATION

Operating Surplus Before Taxation for the year ended 31 March 1998

Gas Distribution 1998 $'000 Gas Retailing 1998 $'000 Other 1998 $'000
4,162 508 27,431

After Charging

Gas Distribution 1998 $'000 Gas Retailing 1998 $'000 Other 1998 $'000
Energy purchases and transmission 1,460 6,684 80,553
Repairs and maintenance costs 228 2,047
Personnel costs 1,135 65 12,625
Depreciation 1,011 12,662
Interest expense 896 17 6,698
Bad debts 21 323
Loss on sale of fixed assets (289)
Rental and operating lease costs 104 2 1,085
Audit fees 7 7
Other fees paid to auditors 24 216
Directors’ remuneration 20 180
Other 25 67 9,008

Operating Surplus Before Taxation for the year ended 31 March 1997

Gas Distribution 1997 $'000 Gas Retailing 1997 $'000 Other 1997 $'000
2,812 (296) 23,603

After Charging

Gas Distribution 1997 $'000 Gas Retailing 1997 $'000 Other 1997 $'000
Energy purchases and transmission 2,523 6,874 61,086
Repairs and maintenance costs 230 1,713
Personnel costs 1,001 2 8,889
Depreciation 607 4,650
Interest expense 9 130 695
Write-down of building value 32 14 526
Bad debts 19 8 287
Loss on sale of fixed assets 23
Rental and operating lease costs 60 56 867
Audit fees 6 5 80
Other fees paid to auditors 3 3 46
Directors’ remuneration 14 13 198
Other 1,000 764 8,899


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