✨ Financial Statements
2952
NEW ZEALAND GAZETTE
No. 114
NELSON ELECTRICITY LIMITED
Statement of Financial Performance for the 12 Months Ended 31 March 2001
| Notes | 2001 | 2000 |
|---|---|---|
| Line | Business | Line |
| $000 | Business | |
| $000 |
INCOME
Interest received | 560 | 375
Network revenue | 7503 | 7392
Other income | 564 | 157
| 8627 | 7924
EXPENDITURE
Operations and maintenance | 665 | 518
Transmission charges | 3051 | 2795
Directors fees | 38 | 35
Audit fees | 10 | 27
Other administration | 200 | 246
Interest expense | 140 | 166
Depreciation | 422 | 417
Amortisation of lease buy-out | 7,12 | 919 | 919
| 5445 | 5123
SURPLUS BEFORE TAXATION
| 3182 | 2801
Provision for Taxation | 3 | 1389 | 1253
SURPLUS AFTER TAXATION
| 1793 | 1548
Statement of Movements in Equity for the Year Ended 31 March 2001
| 2001 | 2000 |
|---|---|
| Line | Line |
| Business | Business |
| $000 | $000 |
Equity at Beginning of Year
| 5,080 | 4,532
Surplus and Revaluations
Net Surplus for Period | 1,793 | 1,548
Total Recognised Revenus and Expenses | 1,793 | 1,548
Other Movements
Distributions to Owners | | (1,000)
Adjustment to Retained Earnings | 150 |
Share Repurchase | (3,700) |
Total Other Movements | (3,550) | (1,000)
Equity at End of Year
| 3,323 | 5,080
The Accompanying Notes form an integral part of These Financial Statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 114
Gazette.govt.nz —
NZ Gazette 2001, No 114
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🏭 Nelson Electricity Limited Financial Performance Statement
🏭 Trade, Customs & IndustryFinancial Performance, Income, Expenditure, Surplus, Equity, Nelson Electricity Limited