β¨ Financial Statement
NEW ZEALAND GAZETTE
No. 115
THE POWER COMPANY LIMITED
LINE BUSINESS
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 31 MARCH 1999
| Notes | 1999 | 1998 |
|---|---|---|
| Revenue | ||
| 2, 21,484,873 | 22,028,422 |
Cost of Sales | 3 | 9,636,123 | 10,713,577 |
Gross Profit | | 11,848,750 | 11,314,845 |
Overheads and Expenses
| 1999 | 1998 | |
|---|---|---|
| Audit Fees | 33,059 | - |
| Amortised Goodwill | - | - |
| Bad Debts | - | - |
| Customer Billing and Information System Expense | 159,603 | - |
| Consultancy & Legal | 493,278 | 255,138 |
| Corporate & Administration | - | - |
| Employee Salaries & Redundancies | 1,543,941 | - |
| Gore Borough Subsidy | 212,880 | 223,868 |
| Human Resources | 169,564 | - |
| Loss on Sale | 8,550 | 6,127 |
| Marketing/Advertising | 127,384 | - |
| Merger & Acquisition | 11,253 | - |
| Other Costs | 457,132 | 697,028 |
| Research & Development | 38,324 | 79,655 |
| Subvention Payment | 81,112 | 646,771 |
| Takeover Defence | - | - |
| Personnel | - | 572,525 |
| Occupancy | - | 52,587 |
| Operations Division Overheads | - | 1,172,468 |
| Corporate Division Overheads | - | 344,416 |
| Network Division Overheads | - | 514,027 |
| Loss on Realisation of Investment | - | (435,305) |
Total Overheads and Expenses | 3,336,080 | 4,129,305 |
Earnings Before Interest Depreciation and Tax | 8,512,670 | 7,185,540 |
Depreciation Expense | 4 | 3,780,095 | 3,440,649 |
Earnings Before Interest and Tax | 4,732,575 | 3,744,891 |
Interest Expense | 1,087,987 | 1,228,170 |
Net Profit Before Tax | 3,644,588 | 2,516,721 |
Taxation | 1,248,647 | 969,653 |
Net Profit After Tax | $2,395,941 | $1,547,068 |
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VUW Te Waharoa —
NZ Gazette 1999, No 115
NZLII —
NZ Gazette 1999, No 115
β¨ LLM interpretation of page content
π° Financial Performance Statement for The Power Company Limited
π° Finance & RevenueFinancial Statement, Revenue, Expenses, Profit, Taxation