New Zealand Gazette – 2003 – No. 112

Page 2958

✨ Financial Statements



WEL NETWORKS LIMITED

Statement of Financial Performance

For the year ended 31 March 2003

| | Note | Line Business
| | | 2003 ($000s) | 2002 ($000s) |
|----------------|------|---------------|---------------|
| Total revenue | 1 | 48,357 | 52,912 |
| Operating expenses | 2 | (28,564) | (27,260) |
| Operating surplus before interest & taxation | | 20,393 | 25,352 |
| Interest expense | 3 | (435) | (1) |
| Operating surplus before taxation | | 19,958 | 25,651 |
| Taxation expense | 4 | (7,885) | (9,333) |
| Surplus attributable to the shareholders of the parent company | | 12,073 | 16,318 |

Statement of Movements in Equity

For the year ended 31 March 2003

| | Note | Line Business
| | | 2003 ($000s) | 2002 ($000s) |
|-----------------------------|------|---------------|---------------|
| Equity as at 1 April | | 164,571 | 158,162 |
| Net Surplus for the year | | 12,073 | 16,318 |
| Total Recognised Revenue and Expenses | | 12,073 | 16,318 |
| Dividends | | (7,261) | (9,909) |
| Loss on amalgamation | | (11,015) | - |
| | | (18,276) | (9,909) |
| Equity as at 31 March | | 158,368 | 164,571 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 112


Gazette.govt.nz — PDF NZ Gazette 2003, No 112




✨ LLM interpretation of page content

🏭 Certification of Financial Statements for WEL Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
17 June 2003
Financial Statements, Performance Measures, Certification, WEL Networks Limited, Electricity, Information Disclosure