New Zealand Gazette – 2008 – No. 55

Page 1543

✨ Financial Statements



7 MARCH 2008

NEW ZEALAND GAZETTE, No. 55

1543

Eastland Network Limited – Electricity Lines Business

Statement of Financial Performance

For the year ended 31 March 2007

Note 2007 2006
$'000 $'000
Operating Revenue 2 26,184 25,507
Operating Expense 3 17,104 15,409
Earnings before Interest and Tax 9,080 10,098
Interest Expense 4 3,499 3,220
Net Surplus before Tax 5,581 6,878
Taxation Expense 5 2,363 2,061
Net Surplus after Tax 3,218 4,817

Statements of Movements in Equity

For the year ended 31 March 2007

Note 2007 2006
$'000 $'000
Total equity at beginning of year 50,710 48,117
Net Surplus after Tax 3,218 4,817
Increase (decrease) in value of Property, plant and equipment recognised in equity
System Assets 8 (242) (45)
Total recognised revenues and expenses 2,976 4,772
Distributions to Owners
Dividends 3,338 2,179
Total Distributions to owners 3,338 2,179
Total Equity at end of year 7 50,348 50,710

These financial statements should be read in conjunction with the Statement of Significant Accounting Policies and Notes to the Financial Statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 55


Gazette.govt.nz — PDF NZ Gazette 2008, No 55




✨ LLM interpretation of page content

🏭 Eastland Network Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Operating Revenue, Operating Expense, Earnings, Interest, Taxation, Net Surplus, Equity, Dividends

🏭 Eastland Network Limited Statements of Movements in Equity

🏭 Trade, Customs & Industry
Equity, Net Surplus, Property, Plant, Equipment, Distributions, Dividends