✨ Financial Statements




3954 NEW ZEALAND GAZETTE No. 165

TRANSALTA NEW ZEALAND LIMITED Statement of Financial Performance
For the Year Ended 31 March 1998

                       Notes    Line Business           Energy Business
                              31-Mar-98   31-Mar-97     31-Mar-98   31-Mar-97
                              $000      $000          $000      $000

Operating revenue 125,563 126,301 131,099 116,629

Expenses
Purchases and Transmission 32,550 46,775 118,136 98,651
Operating 3 24,023 40,600 15,448 18,963
Depreciation and amortisation 3 13,859 11,500 1,749 1,387
70,432 98,875 135,333 119,001

Operating earnings 55,131 27,426 (4,234) (2,372)
Interest and other income 2 2,817 5,680 3,841 4,356
Interest expense 3 26,529 13,083 62 300

Earnings before income tax 31,419 20,023 (455) 1,684
Income tax 4 11,625 7,285 (168) 1,025

Earnings for the period 19,794 12,738 (287) 659

The attached notes form an integral part of, and should be read in conjunction with, these financial statements.

The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Electricity (Information Disclosure) Regulations 1994.

The information should not be used for any other purpose than that intended under the regulations.



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