New Zealand Gazette – 2001 – No. 118

Page 3040

✨ Financial Statements



ELECTRICITY ASHBURTON LIMITED - LINES BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 2001

Note 2001 ($) 2000 ($)
REVENUE
Line Charges 2 14,890,513 13,263,273
Other 371,587 493,435
Total 15,262,100 13,756,708

OPERATING EXPENDITURE

3 4,432,674 3,954,322
Line Charges
Other 5,649,046 5,825,985
Total 10,081,720 9,780,307

OPERATING SURPLUS before Deferred Discount

5,180,380 3,976,401
Customer Deferred Discount 7 3,094,971

OPERATING SURPLUS before Taxation

| | 2,085,409 | 2,376,401 |

| Taxation | 8 | 1,413,908 | 1,198,978 |
| | | 671,501 | 1,177,423 |

ELECTRICITY ASHBURTON LIMITED - LINES BUSINESS

STATEMENT OF MOVEMENT IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2001

EQUITY AT START OF YEAR

| | 53,435,129 | 56,905,983 |

| Operating Surplus after Taxation | 671,501 | 1,177,423 |
| Prior Year Adjustment Deferred Taxation| | (43,652) | 0 |
| Distribution System Revaluation | 18 | 3,497,613 | (4,931,577) |
| Total Recognised Revenue and Expenses for the Period| 4,125,462 | (3,754,154) |

Other Movements

| Special Dividend | 0 | (1,116,700) |
| Prior Year Adjustment - Shareholding | 8 | 3,910,527 | 0 |
| Shares Issued | | 36,900 | 0 |
| Contribution from Owners (reinvestment of energy business sale proceeds) | 0 | 7,400,000 |

| Total | 67,508,018 | 59,435,129 |

The accompanying notes form part of these financial statements



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 118


Gazette.govt.nz — PDF NZ Gazette 2001, No 118




✨ LLM interpretation of page content

🏭 Certification of Financial Statements, Performance Measures, And Statistics Disclosed by Line Owners other than Transpower (continued from previous page)

🏭 Trade, Customs & Industry
22 August 2001
Electricity, Financial Statements, Performance Measures, Certification, Ashburton Limited