✨ Financial Statement




2664 NEW ZEALAND GAZETTE No. 112

THE LINES COMPANY LIMITED

(formerly Waitomo Energy Services Limited)

Line Business Activity

Statement of Financial Performance

For the Year Ended 31 March 1999

Note 1999 $000's 1998 $000's
Income
Line/Access Charges:
Invoiced by Lines Business 8,886 9,499
Transmission costs (2,250) (2,179)
Line Losses 0 (662)
AC rental Rebates 18 0
6,654 6,658

Expenditure

Note 1999 $000's 1998 $000's
Transfer Payments: 2
Payment by Line Business to "Other" 1,815 1,752
Expense to non-related entities 226
Employee salaries/redundancies 101
Customer Billing and Information System 10
Depreciation 192
Corporate & Administration 457 838
Fixed Asset Expenses 24
Human Resource 6
Marketing & Advertising 91
Consultancy & legal expenses 1
Other 122 435
Total Expenditure 3,045 3,025

| Earnings before Interest & Tax | | 3,609 | 3,633 |
| Interest Expense | | 188 | 203 |
| Tax Expense | 3 | 879 | 919 |
| Net Profit after Tax | | 2,542 | 2,511 |
| Customer Discount | 4 | 1,719 | 1,122 |
| Net Profit Retained for the Year | | 823 | 1,389 |



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✨ LLM interpretation of page content

🏭 Statement of Financial Performance for The Lines Company Limited

🏭 Trade, Customs & Industry
Financial Performance, Line Business Activity, Income, Expenditure, Net Profit