New Zealand Gazette – 2002 – No. 123

Page 3284

✨ Financial Statements



3284 NEW ZEALAND GAZETTE No. 123

HAWKE’S BAY NETWORK LIMITED - LINES BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

For The Year Ended 31 March 2002

Notes 2002 $000 2001 $000
Operating Revenue Pre Discounts 4,15 34,394
Discounts (7,670)
Operating Revenue 25,724

| Operating Surplus before Non Operating Benefits (Costs) | 4,15 | 755 | 4,551 |
| Non Operating Benefits (Costs) | 4 | (40) | (933) |
| Surplus Before Taxation | | 715 | 3,618 |
| Taxation Benefit (Expense) | 3 | 494 | (964) |
| NET SURPLUS FOR THE YEAR | | 1,209 | 2,654 |

HAWKE’S BAY NETWORK LIMITED - LINES BUSINESS

STATEMENT OF MOVEMENTS IN EQUITY

For The Year Ended 31 March 2002

2002 $000 2001 $000
Equity at beginning of year 131,484 114,870
Net Surplus (Deficit) 1,209 2,654
Land and Building Revaluations** (15) -
Revaluation Of Network Assets - 13,960
Total recognised revenues and expenses for the year 1,194 16,614
Dividends Paid (167) -
Equity at end of year 132,511 131,484

** As per the Transitional Provisions of Financial Reporting Standard 3

The accompanying Statement of Significant Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with regulations 8(2) and 8(3) of the Electricity (Information Disclosure) Regulations 1999.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 123


Gazette.govt.nz — PDF NZ Gazette 2002, No 123




✨ LLM interpretation of page content

🏭 Hawke's Bay Network Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2002
Electricity, Financial Performance, Revenue, Taxation, Surplus, Hawke's Bay Network Limited

🏭 Hawke's Bay Network Limited Statement of Movements in Equity (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2002
Electricity, Equity, Financial Statements, Dividends, Revaluations, Hawke's Bay Network Limited