New Zealand Gazette – 2006 – No. 139

Page 4034

✨ Financial Statements



4034

NEW ZEALAND GAZETTE, No. 139

17 NOVEMBER 2006

NELSON ELECTRICITY LIMITED

Statement of Financial Performance for the Year Ended 31 March 2006

Notes 2006 Line Business $000 2005 Line Business $000
INCOME
Interest received 29 47
Network revenue 7,057 6,798
Other income 401 191
7,487 7,036

| EXPENDITURE | | |
| Operations and maintenance | 601 | 485 |
| Transmission charges | 1,782 | 1,797 |
| Directors fees | 63 | 58 |
| Audit fees | 22 | 17 |
| Other administration | 873 | 862 |
| Interest expense | 76 | 52 |
| Depreciation | 973 | 938 |
| | 4,390 | 4,209 |

| SURPLUS BEFORE TAXATION | 3,097 | 2,827 |
| Provision for Taxation | 1,127 | 1,057 |
| SURPLUS AFTER TAXATION | 1,970 | 1,770 |

Statement of Movements in Equity for the Year Ended 31 March 2006

2006 Line Business $000 2005 Line Business $000
Equity at Beginning of Year 23,236 14,903
Surplus and Revaluations
Revaluations 0 8,763
Net Surplus for Period 1,970 1,770
Total Recognised Revenue and Expenses 1,970 10,533
Other Movements
Distributions to Owners (3,800) (2,200)
Total Other Movements (3,800) (2,200)
Equity at End of Year 21,406 23,236

The Accompanying Notes form an Integral part of These Financial Statements



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 139


Gazette.govt.nz — PDF NZ Gazette 2006, No 139




✨ LLM interpretation of page content

🏭 Statement of Financial Performance for Nelson Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Income, Expenditure, Surplus, Taxation, Nelson Electricity Limited

🏭 Statement of Movements in Equity for Nelson Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Equity, Revaluations, Net Surplus, Distributions, Nelson Electricity Limited