✨ Financial Statement




No. 160

THE NEW ZEALAND GAZETTE

3812

1998 1997
Line Activities Electricity Retailing Other Activities Total Activities Line Activities Electricity Retailing Other Activities Total Activities
$000 $000 $000 $000 $000 $000 $000 $000

2. OPERATING REVENUE

Comprises:

Sales

  • External | 9,849 | 563,498 | - | 573,348 | - | 528,925 | - | 528,925 |
  • Interdivisional | 214,397 | 5,593 | - | - | 213,821 | 4,583 | - | - |

Interest revenue

  • External | - | - | 2,490 | 2,490 | - | - | 2,966 | 2,966 |
  • Interdivisional | - | - | 42,288 | - | - | 4 | 38,370 | - |

Dividend revenue | - | - | 21,248 | 21,248 | - | - | 27,280 | 27,280 |

Joint ventures | - | - | 42,339 (38,457) | 3,882 | - | - | 12,073 | 12,073 |

Miscellaneous income | 112 | 662 | 1,701 | 3,155 | 5,630 | 17 | 208 | 395 | 2,568 | 6,665 |

Gain on sale of fixed assets | - | - | 494 | 494 | - | - | 2,259 | 2,276 |

Total | 224,359 | 569,754 | 44,040 | 607,092 | 217,332 | 533,720 | 73,443 | 580,185 |

The dividend revenue includes dividends received from Power New Zealand as at 31 March 1998.

Power New Zealand Limited is an associate of the group effective from 1 April 1997 and has been accounted for using the equity method from that date.



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