New Zealand Gazette – 2002 – No. 117

Page 3133

✨ Financial Statements



Statement of financial performance

For the year ended 31 March 2002

| Note | 2002
$'000 | 2001
$'000 |
|------|----------|----------|
| Operating Revenue | 2 | 22,361 | 22,053 |
| Operating Expenses | 3 | 16,242 | 16,048 |
| Earnings before Interest and Tax | | 6,120 | 6,005 |
| Interest Expense | 4 | 1,952 | 451 |
| Net Surplus before Taxation | | 4,168 | 5,554 |
| Taxation | 5 | 1,807 | 1,591 |
| Net Surplus after Taxation | | 2,361 | 3,963 |

Statement of movements in equity

For the year ended 31 March 2002

| Note | 2002
$'000 | 2001
$'000 |
|------|----------|----------|
| Total equity at beginning of year | | 17,729 | 14,903 |
| Net surplus after taxation | | 2,361 | 3,963 |
| Increase (decrease) in value of fixed recognised in equity | | |
| Land and Buildings | | (17) | (344) |
| System Assets | | 18,116 | - |
| Total | | 18,099 | (344) |
| Total recognised revenues and expenses | | 20,460 | 3,619 |
| Dividends paid | | - | 793 |
| Repayment of capital | | 6,966 | - |
| Distributions to owners | | 6,966 | 793 |
| Total equity at end of year | | 31,223 | 17,729 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 117


Gazette.govt.nz — PDF NZ Gazette 2002, No 117




✨ LLM interpretation of page content

🏭 Certification of Financial Statements for Eastland Network Limited (continued from previous page)

🏭 Trade, Customs & Industry
14 August 2002
Financial Statements, Certification, Eastland Network Limited, Electricity Regulations