New Zealand Gazette – 1999 – No. 147

Page 3516

✨ Financial Statements

3516
NEW ZEALAND GAZETTE
No. 147

Notes to and forming part of the financial statements for the year ended 31 March 1999

	1999 $000	1998 $000
3. REVENUE
Comprises:
Line/access charges	33,474	9,849
Line/access charges - Other	185,047	214,398
Interest revenue	22	-
Miscellaneous income	984	112
Gain on sale of fixed assets	47	-
	219,574	224,359
Non recurring
Reversal of CBD provision	17,479	-
	17,479	-
	237,053	224,359

4. SURPLUS (DEFICIT) BEFORE TAX

After charging:

Depreciation | 19,961 | 18,132
Interest | 28,440 | 35,546
Bad debts written off | 772 | 878
Rental and operating lease costs | 423 | 45

Non recurring

Loss on sale of retail assets | 17,559 | -
Restructuring costs | 1,427 | 1,316
CBD network restoration costs | - | 128,304
Asset write downs | 1,300 | -

5. CONTINUING AND DISCONTINUED ACTIVITIES

Continuing Activities

Revenue | 226,115 | 224,359
Surplus (deficit) before tax | 46,158 | (64,863)

Discontinued Activities

Revenue | 10,938 | -
Surplus before tax | 4,350 | -
Gain (Loss) on sale | (17,559) | -

Totals

Revenue | 237,053 | 224,359
Surplus (deficit) before tax | 32,949 | (64,863)

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VUW Te Waharoa — NZ Gazette 1999, No 147

NZLII — NZ Gazette 1999, No 147

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Financial Performance of Vector Limited for the year ended 31 March 1999 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Revenue, Surplus, Deficit, Tax, Electricity Lines Business

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