New Zealand Gazette – 2000 – No. 114

Page 2863

✨ Financial Statements



30 AUGUST NEW ZEALAND GAZETTE 2863

WESTPOWER LIMITED - LINES BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 2000

| Note | 2000
| $'000 | 1999
| $'000 |
|------|-----------|-----------|
| Revenue | 1 | 11,084 | 10,903 |
| Total Expenses | 2 | 8,726 | 7,208 |

Net Surplus before Interest and Tax | 2,358 | 3,695 |
| Interest | 1,103 | 955 |

Net Surplus before Income Tax | 1,255 | 2,740 |
Less Taxation Expense | 3 | 373 | 377 |

NET SURPLUS AFTER TAX | 882 | 2,363 |

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2000

| | 2000
| $'000 | 1999
| $'000 |
|-------------------------------|-----------|------------|
| Equity as at 1 April 1999 | | 31,412 |
| Transfer of Meters to "Other Business" | - | (3,149) |
| Adjusted Opening Equity | 39,548 | 28,263 |
| Net Surplus for Year | 882 | 2,363 |
| Revaluation of Assets | - | 15,300 |
| Total Recognised Revenue and Expenses | 882 | 17,663 |
| Impact of Sale of Energy/Generation | - | (6,281) |
| Provision for Dividends | 97 | 97 |
| Equity as at 31 March 2000 | 40,333 | 39,548 |

The accompanying notes form part of these financial statements



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 114


Gazette.govt.nz — PDF NZ Gazette 2000, No 114




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