New Zealand Gazette – 2002 – No. 118

Page 3161

✨ Financial Statements



26 AUGUST
NEW ZEALAND GAZETTE
3161

WEL NETWORKS LIMITED

Statement of Financial Performance
For the year ended 31 March 2002

Note Line Business 2002 ($000s) Line Business 2001 ($000s)
Total revenue 52,912 52,327
Operating expenses (27,260) (28,152)
Operating surplus before interest & taxation 25,652 24,175
Interest expense (1) (3)
Operating surplus before taxation 25,651 24,172
Taxation expense (9,333) (9,265)
Surplus attributable to the shareholders of the parent company 16,318 14,907

Statement of Movements in Equity
For the year ended 31 March 2002

Note Line Business 2002 ($000s) Line Business 2001 ($000s)
Equity as at 1 April 158,162 226,906
Net Surplus for the year 16,318 14,907
Revaluation of Assets - 7,372
Total Recognised Revenue and Expenses 16,318 22,279
Dividends (9,909) (10,573)
Transfer to Other Business - (80,450)
Equity as at 31 March 164,571 158,162


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 118


Gazette.govt.nz — PDF NZ Gazette 2002, No 118




✨ LLM interpretation of page content

🏭 WEL Networks Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
14 June 2002
Financial Performance, Revenue, Expenses, Taxation, Equity