✨ Financial Statements
5 DECEMBER 2008 NEW ZEALAND GAZETTE, No. 189 4977
Statement of Financial Performance
For the Year ended 30 June 2008
| Note | Distribution | | Retail |
|------|---------------|-----------|---------------|---------|
| | 2008 $ | 2007 $ | 2008 $ | 2007 $ |
Revenue $ 5,102,464 $ 4,417,279 $ 30,926,917 $ 29,347,986
Expenses:
Subvention payment to WDC $ 3,789,308 $ 2,794,467 $ 33,320,537 $ 29,234,927
$ (824,172) $ (57,419) $ 113,059
SURPLUS / (DEFICIT) BEFORE INCOME TAX 2 $ 2,137,328 $ 122,403 $ (2,336,201) $ -
Taxation benefit/ (expense) 3 $ (3,934) $ (927)
NET SURPLUS / (DEFICIT) AFTER TAXATION $ 2,259,731 $ (3,934) $ (2,336,201) $ (927)
Statement of Movement in Equity
For the Year ended 30 June 2008
| Note | Distribution | | Retail |
|------|---------------|-----------|---------------|---------|
| | 2008 $ | 2007 $ | 2008 $ | 2007 $ |
EQUITY AS AT 1 JULY $ 16,931,230 $ 17,715,539 $ 220,138 $ 1,166,205
Surplus/Deficit for the year $ 2,259,731 $ (3,934) $ (2,336,201) $ (927)
Movement in fair value through equity reserve $ 704,672 - -
Movement in revaluation reserve
Total recognised revenue and expenses for the year $ 2,964,403 $ (3,934) $ (2,336,201) $ (927)
Dividend to shareholders $ - $ (0) $ 780,375 $ 945,140
EQUITY AS AT 30 JUNE $ 19,895,633 $ 16,931,230 $ (2,116,063) $ 220,138
The accompanying notes and accounting policies form part of these financial statements.
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NZ Gazette 2008, No 189
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