New Zealand Gazette – 2000 – No. 122

Page 3068

✨ Financial Statements



3068 NEW ZEALAND GAZETTE No. 122

B. STATEMENT OF FINANCIAL PERFORMANCE

note* 2000 1999
$000 $000

REVENUE | 9 | 49,476 | 31,991 |

LESS OPERATING EXPENSES:
Transmission charges | | 15,920 | 11,525 |
Maintenance/materials/plant| | 6,969 | 4,795 |
Network management and operation| | 3,066 | 1,567 |
Employee remuneration | | 397 | 68 |
Administration | | - | 384 |
Other operating expenses | | 691 | 671 |
Subvention expense | | 2,000 | - |
Total | | 29,043 | 19,010 |

EARNINGS BEFORE DEPRECIATION, INTEREST AND TAX | 20,433 | 12,981 |

LESS:
Depreciation | | 6,261 | 3,174 |
Interest Expense | | 7,989 | 6 |

OPERATING SURPLUS BEFORE INCOME TAX | 6,183 | 9,801 |

LESS TAXATION | 1 | 3,584 | 4,032 |

NET SURPLUS AFTER TAX | 2,599 | 5,769 |

LESS DIVIDENDS | 2,000 | 5,769 |

TRANSFERRED TO RETAINED EARNINGS | 599 | - |

C. STATEMENT OF MOVEMENTS IN EQUITY

note* 2000 1999
$000 $000

Equity at Beginning of Year | | 71,470 | 71,470 |

Surplus and Revaluations
Net Profit after tax for period | | 2,599 | 5,769 |
Revaluations | | 7,105 | - |
Adjustment Prior Year Deferred Tax Liability | | (8,600) | - |

Total Recognised Revenues and Expenses | | 1,104 | 5,769 |

Other Movements
Dividend Distributions | | (2,000)| (5,769)|

                 |        | (2,000)| (5,769)|

Equity at End of Year | | 70,574 | 71,470 |

*The accompanying notes form an integral part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 122


Gazette.govt.nz — PDF NZ Gazette 2000, No 122




✨ LLM interpretation of page content

🏭 Dunedin Electricity Limited Information Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
30 August 2000
Electricity, Information Disclosure, Dunedin, Regulations, Statutory Declaration

🏭 Statement of Financial Performance

🏭 Trade, Customs & Industry
Financial Performance, Revenue, Operating Expenses, Earnings, Depreciation, Interest, Taxation, Dividends, Retained Earnings

🏭 Statement of Movements in Equity

🏭 Trade, Customs & Industry
Equity Movements, Net Profit, Revaluations, Deferred Tax, Dividend Distributions