✨ Operating Statement




NEW ZEALAND GAZETTE

No. 98

LINE BUSINESS

OPERATING STATEMENT

FOR YEAR ENDED 31 MARCH, 1999

1999 1998
Revenue
Line Charges 10,093,274 10,563,738
Interest 279,925 186,875
Other Income 89,602 245,756
Total Revenue 10,462,801 10,996,369

| Expenses | | |
| Administration | 311,336 | 513,725 |
| Advertising | 45,808 | 70,565 |
| Audit Fees | 28,485 | 31,467 |
| Bad Debts | 1,071 | - |
| Consultants Fees | 112,607 | - |
| Contractors/Materials | 732,337 | 1,243,403 |
| Depreciation | 1,475,428 | 151,233 |
| Directors Fees | 91,559 | 89,034 |
| Legal Expenses | 28,583 | - |
| Motor Vehicles | 19,785 | 17,082 |
| Occupancy Charges | 41,849 | 48,464 |
| Repairs & Maintenance | 107,583 | 25,975 |
| Staff Expenses | 769,350 | 708,923 |
| Transmission Charges | 3,344,979 | 3,373,635 |
| Total Operating Expenses | 7,110,760 | 6,273,506 |

| Earnings before Interest and Tax | 3,352,041 | 4,722,863 |
| Interest | 45,063 | 187,738 |
| Net Profit before Tax | 3,306,978 | 4,535,125 |
| Taxation @ 33% | 1,091,303 | 1,496,591 |
| Net Profit after Tax | 2,215,675 | 3,038,534 |
| Dividend | 1,750,000 | 1,500,000 |
| Retained Earnings | $ 465,675 | $ 1,538,534 |



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🏭 Operating Statement for Line Business

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Financial Statements, Revenue, Expenses, Net Profit, Taxation, Dividend