New Zealand Gazette – 1999 – No. 194

Page 4638

✨ Financial Statements

4638 NEW ZEALAND GAZETTE No. 194

NELSON ELECTRICITY LIMITED

Statement of Financial Performance for the 12 Months Ended 31 March 1999

Notes		1999 Line Business $000	1998 Line Business $000

INCOME

Interest Received | 191 | 232 |
Lease Revenue and Participation Fees | 1,467 | 1,782 |
| 1,658 | 2,014 |

EXPENDITURE

Administration | 135 | 40 |
Financial | 158 | 159 |
Depreciation | 411 | 428 |
| 704 | 627 |

SURPLUS BEFORE TAXATION | 954 | 1,387 |

Provision for Taxation | 3 | 337 | 476 |

SURPLUS AFTER TAXATION | 617 | 911 |

Statement of Movements in Equity for the Year Ended 31 March 1999

	1999 Line Business $000

Equity at Beginning of Year | 6,163 |

Surplus and Revaluations

Net Surplus for Period | 617 |
Total Recognised Revenues and Expenses | 617 |

Other Movements

Distributions to Owners | (950) |
Equity Adjustment for Removal of Metering Assets | (1,298) |
Total Other Movements | (2,248) |

Equity at End of Year | 4,532 |

The Accompanying Notes form an Integral part of These Financial Statements

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VUW Te Waharoa — NZ Gazette 1999, No 194

NZLII — NZ Gazette 1999, No 194

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✨ LLM interpretation of page content

🏭 Nelson Electricity Limited Financial Performance (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Income, Expenditure, Surplus, Equity, Nelson Electricity Limited

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