✨ Financial Statements
2936
NEW ZEALAND GAZETTE
No. 111
THE LINES COMPANY LIMITED-LINE BUSINESS ACTIVITY
Statement of Financial Performance
For the Year Ended 31 March 2003
| Note | 2003 $000's | 2002 $000's |
|---|---|---|
| Operating Revenue | 2 | 19,280 |
| Customer discount | (6,000) | |
| Net Revenue after Discount | 13,280 | |
| Operating Expenditure | 3 | (11,436) |
| Operating surplus before Interest & Tax | 1,844 | |
| Interest Expense on Borrowings | 1,181 | |
| Operating surplus before income tax | 664 | |
| Tax Expense | 4 | (127) |
| Net surplus after Tax | 790 |
Statement of Movement of Equity
For the Year Ended 31 March 2003
| 2003 $000's | 2002 $000's | |
|---|---|---|
| Equity at Beginning of Year | 42,365 | 47,355 |
| Surplus retained for the Year | 790 | 875 |
| Revaluation of fixed assets | 3,358 | (5,733) |
| Deferred tax adjustment on line asset revaluations | (4,594) | - |
| Total Recognised Revenue and Expenses | (446) | (4,858) |
| Dividends | (131) | (132) |
| Total Distribution to Owners | (131) | (132) |
| Equity at Year End | 41,788 | 42,365 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 111
Gazette.govt.nz —
NZ Gazette 2003, No 111
✨ LLM interpretation of page content
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Certification of Financial Statements and Performance Measures by The Lines Company Limited
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💰 Finance & RevenueFinancial Statements, Performance Measures, Certification, Electricity, The Lines Company Limited