New Zealand Gazette – 2003 – No. 93

Page 2385

✨ Financial Statements



6 AUGUST
NEW ZEALAND GAZETTE
2385

Counties Power Limited – Line Business
STATEMENT OF FINANCIAL PERFORMANCE
For the Year ended 31 March 2003

Notes 31 March 2003 $000 31 March 2002 $000
TOTAL OPERATING REVENUE (2) 25,818 25,741
TOTAL OPERATING EXPENDITURE (3) 22,276 (20,936)
OPERATING SURPLUS BEFORE INTEREST AND INCOME TAX 3,542 4,805
INTEREST EXPENSE (3) (331) (414)
OPERATING SURPLUS BEFORE INCOME TAX 3,211 4,391
INCOME TAX CREDIT/(CHARGE) (4) (395) 1,589
NET SURPLUS AFTER TAX 2,816 5,980

STATEMENT OF MOVEMENTS IN EQUITY
For the Year Ended 31 March 2001

31 March 2003 $000 31 March 2002 $000
EQUITY AT BEGINNING OF YEAR 87,546 75,065
Increase in Revaluation Reserve (6) 6,025 7,251
Net Profit for Year 2,816 5,980
Total Recognised Revenues and Expenses 8,841 13,231
Dividend (225) (750)
EQUITY AT END OF YEAR 96,162 87,546


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 93


Gazette.govt.nz — PDF NZ Gazette 2003, No 93




✨ LLM interpretation of page content

💰 Audit Report for Counties Power Limited Line Business (continued from previous page)

💰 Finance & Revenue
16 July 2003
Audit, Financial Statements, Electricity, Information Disclosure, Counties Power Limited