New Zealand Gazette – 2005 – No. 3

Page 60

✨ Financial Statements



60 NEW ZEALAND GAZETTE, No. 3 14 JANUARY 2005

WEL NETWORKS LIMITED

Statement of Financial Performance

For the year ended 31 March 2004

| | Note | Line Business |
| | | 2004 | 2003 |
| | | ($000s) | ($000s) |
| Total revenue | 1 | 44,975 | 48,957 |
| Operating expenses | 2 | (27,264) | (28,564) |
| Operating surplus before interest & taxation | | 17,711 | 20,393 |
| Interest expense | 3 | (41) | (435) |
| Operating surplus before taxation | | 17,670 | 19,958 |
| Taxation expense | 4 | (6,726) | (7,885) |
| Surplus attributable to the shareholders of the parent company | | 10,944 | 12,073 |

Statement of Movements in Equity

For the year ended 31 March 2004

| | Note | Line Business |
| | | 2004 | 2003 |
| | | ($000s) | ($000s) |
| Equity as at 1 April | | 158,368 | 164,571 |
| Net Surplus for the year | | 10,944 | 12,073 |
| Total Recognised Revenue and Expenses | | 10,944 | 12,073 |
| Dividends | | (6,896) | (7,261) |
| Revaluation of Assets | | 14,572 | - |
| Loss on amalgamation | | - | (11,015) |
| | | 7,676 | (18,276) |
| Equity as at 31 March | | 176,988 | 158,368 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 3


Gazette.govt.nz — PDF NZ Gazette 2005, No 3




✨ LLM interpretation of page content

🏭 Certification of Financial Statements for WEL Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
11 November 2004
Financial Statements, Certification, WEL Networks Limited, Commerce Commission, Electricity Information Disclosure Requirements