New Zealand Gazette – 2005 – No. 137

Page 3320

✨ Financial Statements



3320 NEW ZEALAND GAZETTE, No. 137 23 AUGUST 2005

NELSON ELECTRICITY LIMITED

Statement of Financial Performance for the Year Ended 31 March 2005

Notes 2005 Line Business $'000 2004 Line Business $'000

INCOME

Interest received 47 68
Network revenue 6,798 6,532
Other income 191 308
7,036 6,908

EXPENDITURE

Operations and maintenance 485 481
Transmission charges 1,797 1,759
Directors fees 58 52
Audit fees 17 16
Other administration 862 863
Interest expense 52 86
Depreciation 938 591
4,209 3,848

SURPLUS BEFORE TAXATION

        **2,827**           **3,060**

Provision for Taxation 3 1,057 860

SURPLUS AFTER TAXATION

        **1,770**           **2,200**

Statement of Movements in Equity for the Year Ended 31 March 2005

2005 Line Business $'000 2004 Line Business $'000

Equity at Beginning of Year

        14,903          14,603

Surplus and Revaluations

Revaluations 8,763 0
Net Surplus for Period 1,770 2,200
Total Recognised Revenue and Expenses
10,533 2,200

Other Movements

Distributions to Owners (2,200) (1,900)
Total Other Movements (2,200) (1,900)

Equity at End of Year

        **23,236**          **14,903**

The Accompanying Notes form an Integral part of These Financial Statements



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 137


Gazette.govt.nz — PDF NZ Gazette 2005, No 137




✨ LLM interpretation of page content

🏭 Nelson Electricity Limited Financial Performance Statement

🏭 Trade, Customs & Industry
Financial Statements, Nelson Electricity Limited, Income, Expenditure, Taxation

🏭 Nelson Electricity Limited Statement of Movements in Equity

🏭 Trade, Customs & Industry
Equity Movements, Nelson Electricity Limited, Revaluations, Distributions