New Zealand Gazette – 2005 – No. 17

Page 387

✨ Financial Statements



19 JANUARY 2005
NEW ZEALAND GAZETTE, No. 17
387

THE LINES COMPANY LIMITED-LINE BUSINESS ACTIVITY

Statement of Financial Performance
For the Year Ended 31 March 2004

Note 2004 $000's 2003 $000's
Operating Revenue 2 19,511
Customer Discount 5,000
Net Revenue after Discount 14,511
Operating Expenditure 3 11,929
Operating surplus before Interest & Tax 2,582
Interest Expense on Borrowings 1,734
Operating surplus before income tax 848
Tax Expense 4 280
Net surplus after Tax 568

Statement of Movement of Equity
For the Year Ended 31 March 2004

2004 $000's 2003 $000's
Equity at Beginning of Year 41,789 42,365
Surplus retained for the Year 568 790
Revaluation of fixed assets 16,471 3,358
Deferred tax adjustment on line asset revaluations (5,436) (4,594)
Total Recognised Revenue and Expenses 11,603 (445)
Dividends (131) (131)
Total Distribution to Owners (131) (131)
Equity at Year End 53,261 41,789


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 17


Gazette.govt.nz — PDF NZ Gazette 2005, No 17




✨ LLM interpretation of page content

💰 Certification of Financial Statements and Performance Measures (continued from previous page)

💰 Finance & Revenue
19 January 2005
Financial statements, Performance measures, Electricity regulations, The Lines Company Limited