New Zealand Gazette – 2008 – No. 29

Page 622

✨ Financial Statements

622 NEW ZEALAND GAZETTE, No. 29 19 FEBRUARY 2008

WEL NETWORKS LIMITED

Statement of Financial Performance
For the year ended 31 March 2007

	Note	Line Business 2007 ($000s)	Line Business 2006 ($000s)
Operating revenue	1	55,203	51,215
Operating expenses	2	(36,936)	(31,474)
Operating surplus before interest & taxation		18,267	19,741
Interest expense	3	(3,205)	(4,130)
Operating surplus before taxation		15,062	15,611
Taxation expense	4	(4,776)	(5,273)
Net surplus attributable to the shareholders of the parent company		10,286	10,338

Statement of Movements in Equity
For the year ended 31 March 2007

	Line Business 2007 ($000s)	Line Business 2006 ($000s)
Equity as at 1 April	165,242	154,904
Net Surplus for the year	10,286	10,338
Total Recognised Revenue and Expenses	10,286	10,338
Dividends	-	-
Asset revaluation	53,606	-
	53,606	-
Equity as at 31 March	229,134	165,242

VUW Te Waharoa — NZ Gazette 2008, No 29

Gazette.govt.nz — NZ Gazette 2008, No 29

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✨ LLM interpretation of page content

🏭 Financial Performance and Equity Movements of WEL Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Performance measures, Revenue, Expenses, Equity, WEL Networks Limited

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