New Zealand Gazette – 2005 – No. 27

Page 634

✨ Financial Statements



634 NEW ZEALAND GAZETTE, No. 27 25 JANUARY 2005

Vector Limited

Electricity Lines Business

Statement of Financial Performance

For the year ended 31 March 2004

| Notes | 2004
$000 | 2003
$000 |
|-------|----------------|----------------|
| Operating revenue | 1 | 529,382 | 381,591 |
| Operating expenditure | 2 | (327,574) | (250,252) |
| Operating surplus before interest and income tax | | 201,808 | 131,339 |
| Interest expense | 3 | (108,034) | (68,206) |
| Operating surplus before income tax | | 93,774 | 63,133 |
| Income tax | 4 | (49,143) | (31,611) |
| Net surplus after tax | | 44,631 | 31,522 |

Statement of Movements in Equity

For the year ended 31 March 2004

| Notes | 2004
$000 | 2003
$000 |
|-------|----------------|----------------|
| Net surplus after tax | | 44,631 | 31,522 |
| Movement in asset revaluation reserve | 9 | - | 209,450 |
| Total recognised revenues and expenses | | 44,631 | 240,972 |
| Adjustment to notional share capital | 8 | (167,000) | - |
| Distribution to owners – dividends | 7 | (32,200) | (42,800) |
| Movements in equity for the year | | (154,569) | 198,172 |
| Equity at beginning of year | | 935,472 | 737,300 |
| Equity at end of year | | 780,903 | 935,472 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 27


Gazette.govt.nz — PDF NZ Gazette 2005, No 27




✨ LLM interpretation of page content

🏭 Auditor's Opinion on Vector Limited – Electricity Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
17 December 2004
Audit, Financial Performance Measures, Electricity Information Disclosure Requirements, Vector Limited