New Zealand Gazette – 2003 – No. 106

Page 2795

✨ Financial Statements

19 AUGUST
NEW ZEALAND GAZETTE
2795

ELECTRICITY ASHBURTON LIMITED - LINES BUSINESS
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 31 MARCH 2003

Note	2003 $	2002 $
REVENUE
Line Charges	2	16,569,339
Other		617,698
		17,187,037
OPERATING EXPENDITURE	3
Transmission Charges		4,696,763
Other		7,837,285
		12,534,048
OPERATING SURPLUS before Deferred Discount	5	4,652,989
Customer Deferred Discount		2,936,582
OPERATING SURPLUS before Taxation	4	1,716,407
Taxation		1,373,171
		343,236

ELECTRICITY ASHBURTON LIMITED – LINES BUSINESS
STATEMENT OF MOVEMENT IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2003

	2003	2002
EQUITY AT START OF YEAR	67,834,327	67,508,018
Operating Surplus after Taxation	343,236	(272,515)
Prior Year Adjustment Deferred Taxation		626,724
Distribution System Revaluation	0
Total Recognised Revenue and Expenses for the Period	343,236	354,209
Other Movements
Shares Issued	13,000	(27,900)
	68,190,563	67,834,327

The accompanying notes form part of these financial statements

VUW Te Waharoa — NZ Gazette 2003, No 106

Gazette.govt.nz — NZ Gazette 2003, No 106

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🌾 Certification of Financial Statements for Electricity Ashburton Limited (continued from previous page)

Domain🌾 Primary Industries & Resources
Dated30 July 2003
KeywordsFinancial statements, Certification, Electricity Ashburton Limited, Audited, Compliance

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