✨ 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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✨ LLM interpretation of page content

πŸ’° Financial Performance Statement for The Power Company Limited

πŸ’° Finance & Revenue
Financial Statement, Revenue, Expenses, Profit, Taxation