New Zealand Gazette – 1999 – No. 120

Page 2849

✨ Financial Statements



14 SEPTEMBER NEW ZEALAND GAZETTE 2849

STATEMENT OF FINANCIAL PERFORMANCE

note* 1999 1998
$000 $000

INCOME 8 31,233 30,217

LESS OPERATING EXPENSES:
Transport charges 10,767 10,212
Maintenance/materials/plant 4,795 5,572
Management and operation 1,567 0
Employee remuneration 68 442
Administration 384 656
Other operating expenses 9 671 490
Total 18,252 17,372

EARNINGS BEFORE DEPRECIATION, INTEREST AND TAX
12,981 12,845

LESS: Depreciation 10 3,174 3,313
Interest Expense 6 17
NET PROFIT BEFORE TAX 9,801 9,515

LESS TAXATION 1 4,032 3,945

NET PROFIT AFTER TAX 5,769 5,570

LESS DIVIDENDS PROVIDED 5,769 7,471

TRANSFERRED TO RETAINED EARNINGS 0 (1,901)

STATEMENT OF MOVEMENTS IN EQUITY

note* 1999 1998
$000 $000

Equity at Beginning of Year 71,470 74,181
Surplus and Revaluations
Net Surplus for Period 5,769 5,570
Other Movements
Dividend Distributions (5,769) (7,471)
Revaluation Adjustment 0 (810)
(5,769) (8,281)

Equity at End of Year 71,470 71,470

  • The accompanying notes form an integral part of these financial statements.


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✨ LLM interpretation of page content

🏭 Information for Disclosure by Dunedin Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Disclosure, Regulations, Dunedin

💰 Statement of Financial Performance

💰 Finance & Revenue
Income, Expenses, Profit, Taxation, Dividends

💰 Statement of Movements in Equity

💰 Finance & Revenue
Equity, Surplus, Dividends, Revaluation