New Zealand Gazette – 1998 – No. 159

Page 3824

✨ Financial Statements

NEW ZEALAND GAZETTE

No. 159

WESTPOWER LIMITED

STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 MARCH 1998

Note	LINES BUSINESS	GENERATION BUSINESS	OTHER BUSINESSES
	1998	1997	1998
	$'000	$'000	$'000

Total Revenue
| | 11,903 | 11,414 | 5,189 | 5,229 | 14,738 | 12,494 |
Less Special Discount
| | 562 | 571 | 438 | 0 | 0 | 429 |

| | 11,341 | 10,843 | 4,751 | 5,229 | 14,738 | 12,065 |

Less Expenses:

Maintenance and Operations
| | 6,915 | 7,195 | 1,047 | 971 | 14,064 | 10,986 |
Administration and General Expenses
| | 2,002 | 2,566 | 2,216 | 2,615 | 936 | 855 |

Total Expenses
| | 8,917 | 9,761 | 3,263 | 3,586 | 15,000 | 11,841 |

Net Surplus Before Income Tax
| | 2,424 | 1,082 | 1,488 | 1,643 | (262) | 224 |

Income Tax
| 1 | 314 | | (182) | 524 | 3 | (79) | 62 |

Net Surplus after Income Tax
| | 2,110 | 1,264 | 964 | 1,640 | (183) | 162 |

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

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VUW Te Waharoa — NZ Gazette 1998, No 159

NZLII — NZ Gazette 1998, No 159

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Certification of Financial Statements by Westpower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated31 August 1998
KeywordsFinancial Statements, Certification, Audit, Electricity, Westpower Limited

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