New Zealand Gazette – 2006 – No. 170

Page 4916

✨ Gas Division Financial Statements

POWERCO

GAS DIVISION

Income Statement

For the year ended 30 June 2006

| | Notes | 30 June 2006
| | | $'000 | 30 June 2005
| | | | $'000 |
|------------------------------|-------|-------------|-------------|
| Revenue | 1 | 50,349 | 57,068 |
| Cost of goods sold | | - | - |
| Gross profit | | 50,349 | 57,068 |
| Other income | | (1,636) | 7,035 |
| Operating expenses | | 7,002 | |
| Administration expenses | | 9,181 | 9,778 |
| Other expenses | | 9,440 | 9,079 |
| | | | |
| Earnings before interest and | | | |
| taxation | | 26,362 | 31,176 |
| | | | |
| Finance costs | | 20,701 | 21,536 |
| | | | |
| Operating Surplus before | | | |
| Taxation | 1 | 5,661 | 9,640 |
| Taxation expense @ 33% | 2 | 1,329 | 3,181 |
| | | | |
| OPERATING SURPLUS AFTER | | | |
| TAXATION | | 4,332 | 6,459 |

The accompanying notes form part of these financial statements.

LexisNexis

VUW Te Waharoa — NZ Gazette 2006, No 170

Gazette.govt.nz — NZ Gazette 2006, No 170

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✨ LLM interpretation of page content

🏭 Certification of Financial Statements and Performance Measures by Powerco Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated6 December 2006
KeywordsGas, Information Disclosure, Financial Statements, Performance Measures, Certification, Powerco Limited

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