New Zealand Gazette – 2005 – No. 147

Page 3602

✨ Financial Statements



Vector Limited

Electricity Lines Business

Statement of Financial Performance

For the year ended 31 March 2005

| Note | 2005
$000 | 2004
$000 |
|------|---------------|---------------|
| Operating revenue | 2 | 558,648 | 529,382 |
| Operating expenditure | 3 | (342,884) | (327,574) |
|
Operating surplus before interest and income tax | | 215,764 | 201,808 |
| Interest expense | 4 | (111,830) | (108,034) |
|
Operating surplus before income tax | | 103,934 | 93,774 |
| Income tax expense | 5 | (50,230) | (49,143) |
|
Net surplus after tax | | 53,704 | 44,631 |

Statement of Movements in Equity

For the year ended 31 March 2005

| Note | 2005
$000 | 2004
$000 |
|------|---------------|--------------|
| Net surplus after tax | | 53,704 | 44,631 |
| Movement in asset revaluation reserve | 10 | (3,525) | - |
| Total recognised revenues and expenses | | 50,179 | 44,631 |
| Adjustment to notional share capital | 9 | - | (167,000) |
| Distribution to owners – dividends | 8 | (49,100) | (32,200) |
| Movements in equity for the year | | 1,079 | (154,569) |
| Equity at beginning of year | | 780,903 | 935,472 |
|
Equity at end of year | | 781,982 | 780,903 |

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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 147


Gazette.govt.nz — PDF NZ Gazette 2005, No 147




✨ LLM interpretation of page content

🏭 Vector Limited's Financial Performance and Equity Movements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Equity Movements, Vector Limited, Electricity Lines Business