✨ Financial Statements
5 MARCH 2008
NEW ZEALAND GAZETTE, No. 53
1471
UNION NETWORKS LIMITED - LINES BUSINESS
STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 31 March 2007
| Notes | 2007 $\000 | 2006 $\000 |
|---|---|---|
| Operating revenue | 93,851 | 94,333 |
| Operating surplus before non operating benefits/(costs) | 30,676 | 36,883 |
| Amortisation | 17,23 | 844 |
| Restatement of goodwill | 17,23 | - |
| Interest costs | 12,171 | |
| Surplus/(deficit) before taxation | 23 | 17,661 |
| Taxation expense/(benefit) | 3(a) | 1,534 |
| Net surplus/(deficit) for year | 16,127 |
UNION NETWORKS LIMITED - LINES BUSINESS
STATEMENT OF MOVEMENTS IN EQUITY
For the year ended 31 March 2007
| 2007 $\000 | 2006 $\000 | |
|---|---|---|
| Equity at beginning of year | 301,003 | 211,539 |
| Net surplus/(deficit) | 16,127 | |
| Revaluation of network assets | 14 | 2,910 |
| Total recognised revenues and expenses for the year | 19,037 | |
| Dividends paid | 15 | 100 |
| Equity at end of year | 319,940 |
The accompanying Statement of Significant Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with Electricity Information Disclosure Requirements pursuant to Section 57T of the Commerce Act 1986.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 53
Gazette.govt.nz —
NZ Gazette 2008, No 53
✨ LLM interpretation of page content
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Union Networks Limited - Lines Business Financial Performance
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance, Operating Revenue, Surplus, Taxation, Union Networks Limited
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Union Networks Limited - Lines Business Movements in Equity
(continued from previous page)
🏭 Trade, Customs & IndustryEquity Movements, Net Surplus, Revaluation, Dividends, Union Networks Limited