New Zealand Gazette – 1998 – No. 156

Page 3716

✨ Financial Statements



3716

NEW ZEALAND GAZETTE

No. 156

BAY OF PLENTY ELECTRICITY LIMITED

Special Purpose Financial Statements

Electricity (Information Disclosure) Regulations 1994

Business Unit Statements of Financial Performance

for the 12 Months ended 31 March 1998

Notes Network Business Unit 1998 $000 Network Business Unit 1997 $000 Generation Business Unit 1998 $000 Generation Business Unit 1997 $000 Energy Trading Business Unit 1998 $000 Energy Trading Business Unit 1997 $000
Revenue 3 23,975 21,351 19,214 17,975 19,515
Operating Expenses Before Depreciation 4 (16,748) (15,622) (9,521) (7,598) (18,769)
Operating Surplus Before Depreciation 7,226 5,729 9,693 10,377 747
Depreciation (1,880) (1,704) (2,440) (1,055) (59)
Net Operating Surplus 5,347 4,025 7,253 9,322 688
Net Interest Expense 5 (589) (500) (1,685) (966) (65)
Net Surplus Before Abnormal Items 4,758 3,525 5,568 8,356 622
Abnormal Items - - - - -
Net Surplus(Deficit) Before Taxation 4,758 3,525 5,568 8,356 622
Taxation Expense 6 (1,509) (1,381) (2,009) (2,823) (228)
Net Surplus(Deficit) after Taxation 3,248 2,144 3,559 5,533 395

The accompanying notes form part of and are to be read in conjunction with these financial statements



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🏭 Bay of Plenty Electricity Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Bay of Plenty, Regulations, Revenue, Operating Expenses, Surplus