✨ Financial Statements
NEW ZEALAND GAZETTE
No. 107
NELSON ELECTRICITY LIMITED
Statement of Financial Performance for the 12 Months Ended 31 March 2003
| Notes | 2003 Line Business $'000 | 2002 Line Business $'000 |
|---|
INCOME
| Interest received | 87 | 78 |
| Network revenue | 6,610 | 6,784 |
| Other income | 210 | 564 |
| Total Income | 6,907 | 7,426 |
EXPENDITURE
| Operations and maintenance | 688 | 450 |
| Transmission charges | 1,797 | 1,684 |
| Directors fees | 52 | 45 |
| Audit fees | 17 | 10 |
| Other administration | 656 | 351 |
| Interest expense | 65 | 63 |
| Depreciation | 575 | 606 |
| Amortisation of lease buy-out | 0 | 611 |
| Total Expenditure | 3,850 | 3,820 |
SURPLUS BEFORE TAXATION
| | 3,057| 3,606|
| Provision for Taxation | 1,180| 1,522|
SURPLUS AFTER TAXATION
| | 1,877| 2,084|
Statement of Movements in Equity for the Year Ended 31 March 2002
| 2003 Line Business $'000 | 2002 Line Business $'000 | |
|---|---|---|
| Equity at Beginning of Year | 14,426 | 3,323 |
Surplus and Revaluations
| Revaluations | 0 | 11,219 |
| Net Surplus for Period | 1,877 | 2,084 |
| Total Recognised Revenues and Expenses | 1,877 | 13,303 |
Other Movements
| Distributions to Owners | (1,700) | (2,200) |
| Share Repurchase | ||
| Total Other Movements | (1,700) | (2,200) |
| Equity at End of Year | 14,603| 14,426 |
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 2003, No 107
Gazette.govt.nz —
NZ Gazette 2003, No 107
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Nelson Electricity Limited Financial Performance
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