New Zealand Gazette – 2003 – No. 98

Page 2586

✨ Financial Statements



Buller Electricity Limited

Line Business Financial Statements

Statement of Financial Performance

for the year ended 31 March 2003

Note 2003 $
2002 $

| Total Operating Revenue | 4,992,245 | 4,679,934 |
| Total Operating Expenditure | 4,098,579 | 3,846,320 |
| Operating Surplus before Interest Expense and Income Tax | 893,666 | 833,614 |
| Interest Expense | 0 | 0 |
| Operating Surplus before Income Tax | 893,666 | 833,614 |
| Income Tax | 2 | 275,899 | 194,548 |
| Net Surplus after Tax |

Net Surplus after Tax | 617,767 | 639,066 |

Statement of Movements in Equity

for the year ended 31 March 2003

Note 2003 $
2002 $

| Equity as at 1 April 2002 | 17,011,626 | 16,711,051 |
| Net Surplus after Tax for the Year | 617,767 | 639,066 |
| Revaluation Reserve Movements | 3 | 0 | (98,491) |
| Total Recognised Revenues and Expenses for the Year |

Total Recognised Revenues and Expenses for the Year | 617,767 | 540,575 |

| Reallocation of Equity | 0 | 0 |
| Dividend | 0 | (240,000) |
| Equity as at 31 March 2003 |

Equity as at 31 March 2003 | 17,629,393 | 17,011,626 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 98


Gazette.govt.nz — PDF NZ Gazette 2003, No 98




✨ LLM interpretation of page content

🏗️ Buller Electricity Limited Financial Statements (continued from previous page)

🏗️ Infrastructure & Public Works
5 August 2003
Electricity, Financial Statements, Revenue, Expenditure, Tax, Equity