✨ Financial Statements
VECTOR Limited
Electricity Lines Business
Statements of Financial Performance
For the year ended 31 March 2003
| Notes | 2003 | 2002 |
|---|---|---|
| $'000 | $'000 |
Continuing activities
Operating revenue | 1 | 381,591 | 259,416 |
Operating expenses | 2 | (318,458) | (156,512) |
Operating surplus before income tax | 2 | 63,133 | 102,904 |
Income tax | 3 | (31,611) | (40,044) |
Net surplus after tax | | 31,522 | 62,860 |
Statements of Movements in Equity
For the year ended 31 March 2003
| Notes | 2003 | 2002 |
|---|---|---|
| $'000 | $'000 |
Net surplus after tax | | 31,522 | 62,860 |
Movement in revaluation reserve | 8 | 209,450 | (66,889) |
Total recognised revenues and expenses | | 240,972 | (4,029) |
Distribution to owners | 6 | (42,800) | - |
Movements in equity for the period | | 198,172 | (4,029) |
Equity at beginning of year | | 737,300 | 741,329 |
Equity at end of year | | 935,472 | 737,300 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 133
Gazette.govt.nz —
NZ Gazette 2003, No 133
✨ LLM interpretation of page content
🏭
Vector Limited Financial Performance and Equity Movements
(continued from previous page)
🏭 Trade, Customs & Industry21 August 2003
Electricity, Financial Statements, Operating Revenue, Operating Expenses, Net Surplus, Income Tax, Revaluation Reserve, Equity Movements