New Zealand Gazette – 1999 – No. 175

Page 4176

✨ Financial Statement



4176 NEW ZEALAND GAZETTE No. 175

STATEMENT OF FINANCIAL PERFORMANCE
for the year ended 31 March 1999

Revenue 1999 1998
Line/access charges charged through other retailers 1,034,734
Line/access charges charged direct to consumers 2,403,864
Revenue from "Other" business -
Interest on short term investments 207,567
AC loss-rental rebates -
Electricity hedges -
Other revenue 14,577 3,703,741
Total Revenue 3,660,742 3,703,741
Expenditure
Transmission charges 791,757
Transfer payments to "other" business
Asset maintenance 351,581
Consumer disconnections -
Load control services -
Other goods and services -
Avoided transmission charge (own generation)
Payments to Non related entities
Asset maintenance 88,990
Consumer disconnections -
Load control services -
Other goods and services -
Employee salaries and redundancies 1,187,558
Consumer billing and Information system expense 31,755
Depreciation expense on system fixed assets 214,915
Depreciation expense on capital works under construction -
Depreciation expense on other assets 146,563
Total Depreciation Expense 361,478
Corporate and administration 239,059
Total other Human resource expenses 136,910
Marketing/advertising 1,942
Merger and acquisition expenses -
Takeover defence expenses -
Research and development Expenses 99,444
Consultancy and legal expenses -
Electricity hedges -
Amortised goodwill -
Subvention payments -
Other expenditure 228,697 2,854,026
Total Expenditure 3,519,171 2,854,026

| Earnings before interest and tax | 141,571 | 849,715 |
| Interest expense | - | - |
| Taxation expense | 46,718 | 315,742 |
| Net profit after tax | 94,853 | 533,973 |



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✨ LLM interpretation of page content

🏗️ Statement of Financial Performance for Wairoa Power Limited

🏗️ Infrastructure & Public Works
Financial Performance, Revenue, Expenditure, Wairoa Power Limited