✨ Financial Statements
2976
NEW ZEALAND GAZETTE
No. 112
NELSON ELECTRICITY LIMITED
Statement of Financial Performance for the 12 Months Ended 31 March 2002
| Notes | 2002 Business $000 | 2001 Business $000 |
|---|---|---|
| INCOME | ||
| Interest received | 78 | 580 |
| Network revenue | 6784 | 7503 |
| Other income | 564 | 554 |
| 7426 | 8627 |
| EXPENDITURE | | |
| Operations and maintenance | 450 | 665 |
| Transmission charges | 1684 | 3051 |
| Directors fees | 45 | 38 |
| Audit fees | 10 | 10 |
| Other administration | 351 | 200 |
| Interest expense | 63 | 140 |
| Depreciation | 606 | 422 |
| Amortisation of lease buy-out | 611 | 919 |
| | 3920 | 5445 |
| SURPLUS BEFORE TAXATION | 3606 | 3182 |
| Provision for Taxation | 3 | 1522 | 1389 |
| SURPLUS AFTER TAXATION | 2084 | 1793 |
Statement of Movements in Equity for the Year Ended 31 March 2002
| 2002 Business $000 | 2001 Business $000 | |
|---|---|---|
| Equity at Beginning of Year | 3,323 | 5,080 |
| Surplus and Revaluations | ||
| Revaluations | 11,219 | |
| Net Surplus for Period | 2,084 | 1,793 |
| Total Recognised Revenue and Expenses | 13,303 | 1,793 |
| Other Movements | ||
| Distributions to Owners | (2,200) | 150 |
| Share Repurchase | (3,700) | |
| Total Other Movements | (2,200) | (3,550) |
| Equity at End of Year | 14,426 | 3,323 |
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 2002, No 112
Gazette.govt.nz —
NZ Gazette 2002, No 112
✨ LLM interpretation of page content
🏭 Statement of Financial Performance for Nelson Electricity Limited
🏭 Trade, Customs & IndustryFinancial Performance, Income, Expenditure, Surplus, Taxation, Nelson Electricity Limited
🏭 Statement of Movements in Equity for Nelson Electricity Limited
🏭 Trade, Customs & IndustryEquity, Revaluations, Surplus, Distributions, Share Repurchase, Nelson Electricity Limited