✨ Financial Statements
NEW ZEALAND GAZETTE, No. 25
29 FEBRUARY 2012
GAS DIVISION
Comprehensive Income Statement
For the year ended 30 June 2011
| 30 June 2011 | 30 June 2010 | |
|---|---|---|
| NZ'000 | NZ'000 | |
| Revenue | ||
| Other income | 47,502 | 46,433 |
| 153 | 39 | |
| Total income | 47,751 | 46,472 |
| Operating expenses | | |
| Employee benefit expenses | 6,595 | 7,451 |
| | 6,065 | 6,202 |
| Other expenses | 4,350 | 3,372 |
| Other (gains)/losses | (716) | 5,939 |
| Earnings before finance costs, taxation, depreciation and amortisation | 18,094 | 22,934 |
| Depreciation and amortisation | 31,657 | 23,538 |
| Loss on disposals | (10,585) | (10,685) |
| | (340) | — |
| Earnings before finance costs and taxation | 20,731 | 12,853 |
| Finance costs | 18,365 | 19,669 |
| Operating profit/(loss) before taxation | 2,362 | (6,816) |
| Income tax (expense)/benefit | (562) | 3,855 |
| Profit/(loss) for the year from continuing operations | 1,800 | (2,961) |
| Other comprehensive income | | |
| Cash flow hedges recognised in equity | (4,900) | 304 |
| Cash flow hedges transferred to profit/(loss) | 3,247 | 4,338 |
| Income tax on cashflow hedges | 466 | (1,354) |
| Total other comprehensive income | (1,186) | 3,188 |
| Total comprehensive income for the year | 614 | 227 |
The accompanying notes form part of these financial statements
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NZ Gazette 2012, No 25
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