New Zealand Gazette – 1999 – No. 134

Page 3223

✨ Financial Statements

24 SEPTEMBER NEW ZEALAND GAZETTE 3223

WEL ENERGY GROUP LIMITED

Statement of Financial Performance

For the year ended 31 March 1999

	Note	Line Business
		1999
		($000s) 1998
		($000s)
Total revenue	1	52,490 50,700
Operating expenses	2	(28,600) (30,568)
Net profit before taxation		23,890 20,132
Taxation expense	4	(9,438) (7,593)
Surplus attributable to the shareholders of
the parent company		14,452 12,539

Statement of Movements in Equity

For the year ended 31 March 1999

	Note	Line Business
		1999
		($000s) 1998
		($000s)
Equity as at 1 April		134,225
Net Surplus for the year		14,452
Total Recognised Revenue and Expenses		14,452
Dividends		(6,073)
Allocation in compliance with Electricity (Information
Disclosure) Regulations
Cash & Bank		85,919
Fixed assets		(3,022)
Other		(844)

| | | 75,980

| Equity as at 31 March | | 224,657

These statements are to be read in conjunction with the attached notes and Certification by the Auditor.

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VUW Te Waharoa — NZ Gazette 1999, No 134

NZLII — NZ Gazette 1999, No 134

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✨ LLM interpretation of page content

🏭 Financial Performance and Equity Movements for WEL Energy Group Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated24 September 1999
KeywordsFinancial statements, Performance measures, Electricity, Information Disclosure, WEL Energy Group

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