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notes to the financial Statements
for the year ended 31 March 2012
4. Revenue
An analysis of revenue is as follows:
Group
Parent
2012
2011
2012
2011
Note
$’000
$’000
$’000
$’000
Continuing operations
Network
32,226
31,516
32,230
31,516
Revenue collection
487
538
487
538
Meters and relays
2,986
2,538
542
868
Contracting
4,661
5,445
1,685
2,805
Generation
1,353
808
501
432
Other
494
117
526
148
Total revenue as reported in statement of
comprehensive income
42,207
40,962
35,971
36,307
Dividend received
-
-
-
5,250
Investment income
7
4
14
3
14
Total revenue
42,211
40,976
35,974
41,571
5. Expenses
All expenses required to be disclosed under NZ IFRS are disclosed in the Statement of Comprehensive Income.
6. EBIT from operations
Group
Parent
2012
2011
2012
2011
Note
$’000
$’000
$’000
$’000
Earnings before interest, tax, depreciation
and amortisation
Network
19,804
20,073
19,808
20,073
Revenue collection
(54)
56
(54)
56
Meters & relays
2,635
2,176
324
639
Contracting
2,666
3,040
2,150
2,600
Less profit adjustment on internal capital works
(480)
(393)
(480)
(393)
Generation
518
153
(219)
200
Corporate services
(2,757)
(2,393)
(2,710)
(2,347)
22,332
22,712
18,819
20,828
Depreciation and amortisation
9,764
8,612
7,904
7,443
Earnings before interest and tax
12,568
14,100
10,915
13,385
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