✨ Financial Statements




23 SEPTEMBER NEW ZEALAND GAZETTE 3723

BAY OF PLENTY ELECTRICITY LIMITED

Special Purpose Financial Statements

Electricity (Information Disclosure) Regulations 1994

Notes to the Financial Statements

for the 12 Months ended 31 March 1998

Network Generation Energy Trading
1998 1997 1998 1997 1998 1997
$000 $000 $000 $000 $000 $000

8 Taxation Payable

Opening Balance | 169 | (55) | 282 | (223) | (37) | 1 |
Charge on Surplus for the period (note 6) | 1,235 | 1,217 | 1,365 | 2,670 | 221 | (62) |
Taxation paid | (1,313) | (839) | (1,452) | (1,841) | (235) | 42 |
Foreign Investor Tax Credit | - | (154) | - | (324) | - | (18) |

Balance as at 31 March | 91 | 169 | 195 | 282 | (51) | (37) |

9 Share Capital

Issued and paid up Capital | 12,900 | 12,810 | 17,934 | 17,809 | 630 | 625 |

Balance as at 31 March | 12,900 | 12,810 | 17,934 | 17,809 | 630 | 625 |

10 Reserves

Reserves Comprise:

Asset Revaluation Reserve

Opening Asset Revaluation Reserve | 48,767 | 39,115 | 54,545 | 54,545 | - | -
Revaluation during the year | - | 9,652 | - | - | - | -

Reserves as at 31 March | 48,767 | 48,767 | 54,545 | 54,545 | - | -



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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, Taxation, Share Capital, Reserves