New Zealand Gazette – 2006 – No. 169

Page 4877

✨ Financial Statements

POWERCO

ELECTRICITY DIVISION

Statement of Financial Performance

For the year ended 30 June 2006

Notes	30 June 2006	30 June 2005
	$'000	$'000

Revenue | 11 | 250,197 | 244,138 |
Cost of goods sold | | 59,984 | 61,804 |
Gross profit | | 190,213 | 182,334 |

Other income | | (4,210) | — |
Operating expenses | | 29,061 | 28,869 |
Administration expenses| | 25,213 | 28,423 |
Other expenses | | 38,901 | 37,067 |

Earnings before interest and taxation| | 101,247 | 87,875 |

Finance costs | | 39,856 | 38,239 |

Operating Surplus before taxation | 12 | 61,392 | 49,636 |

Taxation expense | 5 | 18,870 | 16,380 |

Operating Surplus Attributable to the Shareholders | | 42,522 | 33,256 |

The accompanying notes form part of these financial statements.

VUW Te Waharoa — NZ Gazette 2006, No 169

Gazette.govt.nz — NZ Gazette 2006, No 169

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Audit Report for Powerco Limited – Electricity Division (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated6 December 2006
KeywordsAudit, Financial Statements, Commerce Commission, Powerco Limited, Electricity, Disclosure Requirements, NZ IFRS, GAAP

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