New Zealand Gazette – 1999 – No. 170

Page 4038

✨ Financial Statements

4038

NEW ZEALAND GAZETTE

No. 170

Electricity Corporation of New Zealand Limited
Statements of Financial Performance for the nine month period ended 31 March 1999

Notes	9 months 31 March 1999 $M	12 months 30 June 1998 $M
TRADING ACTIVITIES
Revenue	2	617
Operating expenses		253
Net finance costs	3	33
		331
Matahina dam costs	24	-
Gain on sale of power stations		137
Operating profit from trading activities		468
Split costs+		13
Profit before taxation	4	455
Taxation expense	5	110
Net Profit for the period		345

Statements of Movements in Equity for the nine month period ended 31 March 1999


Equity at start of period		2,234
Net profit for the period		345
		2,579
Dividends payable:	6
Ordinary dividends paid or provided		-
		-
Equity at end of the period		2,579

Split costs
Split costs represent all unrecoverable costs associated with the process of splitting ECNZ in to three separate companies on 1 April 1999.

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VUW Te Waharoa — NZ Gazette 1999, No 170

NZLII — NZ Gazette 1999, No 170

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏗️ Electricity Corporation of New Zealand Limited Financial Performance

Domain🏗️ Infrastructure & Public Works
KeywordsElectricity, Financial Performance, Revenue, Expenses, Profit, Equity, Dividends

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