New Zealand Gazette – 2008 – No. 13

Page 306

✨ Financial Statements



NELSON ELECTRICITY LIMITED

Statement of Financial Performance for the Year Ended 31 March 2007

| Notes | 2007
Line
Business
$000 | 2006
Line
Business
$000 |
|-------|-----------------------------|-----------------------------|

INCOME
Interest received 41 29
Network revenue 7,402 7,057
Other income 258 401
Total Income 7,701 7,487

EXPENDITURE
Operations and maintenance 658 601
Transmission charges 2,111 1,782
Directors fees 63 63
Audit fees 26 22
Other administration 1,050 873
Interest expense 256 76
Depreciation 991 973
Total Expenditure 5,155 4,390

SURPLUS BEFORE TAXATION

| | 2,546 | 3,097 |

| Provision for Taxation | 3 | 942 | 1,127 |

SURPLUS AFTER TAXATION

| | 1,604 | 1,970 |

Statement of Movements in Equity for the Year Ended 31 March 2007

| | 2007
Line
Business
$000 | 2006
Line
Business
$000 |
|----------------|-----------------------------|-----------------------------|

Equity at Beginning of Year

| | 21,406 | 23,236 |

Surplus and Revaluations

| Revaluations | 0 | 0 |
| Net Surplus for Period | 1,604 | 1,970 |
| Total Recognised Revenue and Expenses | 1,604 | 1,970 |

Other Movements

| Distributions to Owners | (2,120) | (3,800) |
| Total Other Movements | (2,120) | (3,800) |

Equity at End of Year

| | 20,890 | 21,406 |

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 2008, No 13


Gazette.govt.nz — PDF NZ Gazette 2008, No 13




✨ LLM interpretation of page content

🏭 Statement of Financial Performance for Nelson Electricity Limited

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

🏭 Statement of Movements in Equity for Nelson Electricity Limited

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