✨ Financial Statements
NELSON ELECTRICITY LIMITED
Statement of Financial Performance for the Year Ended 31 March 2004
| Notes | 2004 Line Business $000 | 2003 Line Business $000 |
|---|
INCOME
Interest received | 65 | 87 |
Network revenue | 6,532 | 6,610 |
Other income | 308 | 210 |
| 6,905 | 6,907 |
EXPENDITURE
Operations and maintenance | 481 | 688 |
Transmission charges | 1,759 | 1,797 |
Directors fees | 52 | 52 |
Audit fees | 16 | 17 |
Other administration | 863 | 656 |
Interest expense | 86 | 65 |
Depreciation | 591 | 575 |
| 3,848 | 3,850 |
SURPLUS BEFORE TAXATION
| 3,060 | 3,057 |
Provision for Taxation | 3 | 860 | 1,180 |
SURPLUS AFTER TAXATION
| 2,200 | 1,877 |
Statement of Movements in Equity for the Year Ended 31 March 2004
| 2004 Line Business $000 | 2003 Line Business $000 |
|---|
Equity at Beginning of Year
| 14,603 | 14,426 |
Surplus and Revaluations
Revaluations | 0 | 0 |
Net Surplus for Period | 2,200 | 1,877 |
Total Recognised Revenue and Expenses | 2,200 | 1,877 |
Other Movements
Distributions to Owners | (1,900) | (1,700) |
Total Other Movements | (1,900) | (1,700) |
Equity at End of Year
| 14,903 | 14,603 |
The Accompanying Notes form an Integral part of These Financial Statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 8
Gazette.govt.nz —
NZ Gazette 2005, No 8
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🏭 Nelson Electricity Limited Financial Performance and Equity Movements
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