New Zealand Gazette – 1999 – No. 17

Page 383

✨ Financial Performance Statement

NEW ZEALAND GAZETTE

8 FEBRUARY

NELSON ELECTRICITY LIMITED

Statement of Financial Performance for the 12 months ended 31 March 1998

Notes	1998 Line Business $000	1998 Other Business $000	1997 Line Business $000	1997 Other Business $000	1996 Line Business $000	1996 Other Business $000	1995 $000

INCOME


Interest received	222	0	205	0	117	0	37
Lease revenue and participation fee	1,782	165	1,770	163	1,970	18	1,792
Total Income	2,014	165	1,975	163	2,087	18	1,829

EXPENSES


Administration services	40	50	36	35
Financial	159	158	167	156
Depreciation	428	427	423	418
Total Expenses	627	635	626	611

SURPLUS BEFORE TAXATION

| | 1,387 | 165 | 1,340 | 163 | 1,461 | 18 | 1,218 |

| Provision for taxation | 2 | 476 | 54 | 463 | 54 | 481 | 420 |

SURPLUS AFTER TAXATION

| | 911 | 111 | 877 | 109 | 980 | 12 | 796 |

| Retained earnings at beginning of year | 1,252 | 121 | 1,235 | 12 | 655 | 0 | 263 |

| Total available for appropriation | 2,163 | 232 | 2,112 | 121 | 1,635 | 12 | 1,061 |

| Dividends paid | 1,000 | 0 | 860 | 0 | 400 | 0 | 406 |

| Retained earnings at end of year | 1,163 | 232 | 1,252 | 121 | 1,235 | 12 | 655 |

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VUW Te Waharoa — NZ Gazette 1999, No 17

NZLII — NZ Gazette 1999, No 17

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 Statement for Nelson Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Income, Expenses, Surplus, Nelson Electricity Limited

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