New Zealand Gazette – 1998 – No. 155

Page 3700

✨ Financial Statements



3700 NEW ZEALAND GAZETTE No. 155

MAINPOWER NEW ZEALAND LTD
Lines Business Statement of Financial Performance
For The Year Ended 31 March 1998

Note 1998 1997
$000 $000
Operating Revenue 22,361 20,226
Operating Surplus Before Taxation and Rebates 1 8,969 9,228
Rebates (5,434) (4,508)
Taxation (1,535) (1,410)
Operating Surplus After Taxation and Rebates 2,000 3,310
Share of Realised Earnings of Associated Company 24 -
Net Surplus 4 2,024 3,310

Lines Business Statement of Movements in Equity
for the Year Ended 31 March 1998

Note 1998 1997
$000 $000
Equity at Start of Period 42,809 38,923
Dividend from Other Business Activities 783 391
Net Surplus 4 2,024 3,310
Increase in Asset Revaluation Reserve 5 465 185
Total Recognised Revenues and Expenses 3,272 3,886
Equity at the End of the Period 46,081 42,809

Lines Business Statement of Financial Position
As At 31 March 1998

Note 1998 1997
$000 $000
Equity
Share Capital 2 30,405 30,405
Reserves 3 5,887 5,422
Retained Earnings 4 9,789 6,982
Total Equity 46,081 42,809
Non Current Liabilities 951 888
Current Liabilities
Accounts Payable and Accruals 1,589 1,266
Total Equity and Liabilities 48,621 44,963

Non Current Assets
Investment in Associates 64 40
Fixed Assets 5 33,847 32,173
Total Non Current Assets 33,911 32,213

Current Assets
Bank and Short term deposits 11,987 10,342
Receivables and Prepayments 2,455 2,073
Inventory 268 335
Total Current Assets 14,710 12,750
Total Assets 48,621 44,963



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