New Zealand Gazette – 2000 – No. 71

Page 1601

✨ Financial Statements



28 JUNE NEW ZEALAND GAZETTE 1601

STATEMENT OF FINANCIAL PERFORMANCE

note* 2000 $000 1999 $000
REVENUE 9 48,620

LESS OPERATING EXPENSES:

  • Transmission charges | 15,064 | 10,767 |
  • Maintenance/materials/plant | 6,969 | 4,795 |
  • Network management and operation | 3,066 | 1,567 |
  • Employee remuneration | - | 68 |
  • Administration | 397 | 384 |
  • Other operating expenses | 691 | 671 |
  • Subvention expense | 2,000 | -

Total | 28,187 | 18,252 |

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

LESS:

  • Depreciation | 6,261 | 3,174 |
  • Interest Expense | 7,989 | 6 |

NET PROFIT BEFORE TAX | 6,183 | 9,801 |

LESS TAXATION | 1 | 1,525 | 4,032 |

NET PROFIT AFTER TAX | 4,658 | 5,769 |

LESS DIVIDENDS | 2,000 | 5,769 |

TRANSFERRED TO RETAINED EARNINGS | 2,658 | - |

STATEMENT OF MOVEMENTS IN EQUITY

note* 2000 $000 1999 $000
Equity at Beginning of Year 71,470 71,470
Surplus and Revaluations
- Net Profit after tax for period 4,658 5,769
- Revaluations 7,105 -
Total Recognised Revenues and Expenses 11,763 5,769

Other Movements

  • Dividend Distributions | (2,000) | (5,769) |

Equity at End of Year | 81,233 | 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 71


Gazette.govt.nz — PDF NZ Gazette 2000, No 71




✨ LLM interpretation of page content

💰 Statement of Financial Performance

💰 Finance & Revenue
Revenue, Expenses, Depreciation, Interest, Taxation, Dividends, Retained Earnings

💰 Statement of Movements in Equity

💰 Finance & Revenue
Equity, Surplus, Revaluations, Dividend Distributions