New Zealand Gazette – 2008 – No. 33

Page 754

✨ Financial Statements

WESTPOWER LIMITED - LINES BUSINESS

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 2007

| Note | 2007
$000's | 2006
$000's |
|------|---------------|---------------|
| Revenue | 1 | 23,633 | 14,130 |
| Total Expenses | 2 | 11,027 | 9,321 |
| Net Surplus before Interest and Tax | | 12,606 | 4,809 |
| Interest | | 855 | 612 |
| Net Surplus before Income Tax | | 11,751 | 4,197 |
| Less Taxation Expense | 3 | 408 | 927 |
| NET SURPLUS AFTER TAX | | 11,343 | 3,270 |

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2007

| | 2007
$000's | 2006
$000's |
|-----------------------------|-------------|-------------|
| Equity as at 1 April 2006 | 66,598 | 63,484 |
| Net Surplus for Year | 11,343 | 3,270 |
| Revaluation of Assets | 14,091 | - |
| Total Recognised Revenue and Expenses | 25,434 | 3,270 |
| Dividend Paid | (156) | (156) |
| Equity as at 31 March 2007 | 91,876 | 66,598 |

The accompanying notes and policies form part of these financial statements.

VUW Te Waharoa — NZ Gazette 2008, No 33

Gazette.govt.nz — NZ Gazette 2008, No 33

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

🏭 Westpower Limited Financial Performance and Equity Movements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Revenue, Expenses, Net Surplus, Taxation, Equity Movements, Dividends, Westpower Limited

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