New Zealand Gazette – 1999 – No. 107

Page 2543

✨ Financial Disclosure



1 SEPTEMBER
NEW ZEALAND GAZETTE
2543
Horowhenua Energy Limited Line Business – Disclosure 1999

Statement of financial performance

for the year ended 31 March 1999

Note 1999 $000 1998 $000
Operating revenue 20,949 21,108
Operating expense (17,841) (20,242)
Earnings Before Interest and Tax 3,108 866
Interest Expense (562) -
Net profit before taxation 2,546 866
Taxation - -
Net profit after taxation $2,546 $866

Statement of movements in equity

for the year ended 31 March 1999

Note 1999 $000 1998 $000
Equity at beginning of the year 61,415 60,453
Net profit for the year 2,546 866
Revaluation of assets 5,575 96
Total recognised revenues and expenses 8,121 962
Other movements
Total Dividend (161) -
Net assets transferred on the discontinuance of the energy business 4,158 -
Reallocation of funding and other current liabilities (10,117) -
Total other movements (6,120) -
Equity at end of the year $63,416 $61,415


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Electricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited