ELECTRIC LIGHT SERVICE
SHOWS NET PROFIT FOE YEAR OF .£17,780. The annual financial statement of the City Corporation's Electric Lighting Department, presented to tho Tramways Committee on Monday afternoon, shows a net. profit; of X 17.780, which must bo considered highly satisfactory, and will serve to strengthen the markedly strong financial position of this department. It will be seen from the following figures that the gross profit amounted to ,£29,120, but. out of that :i sum of no less than has been written off tho old stntion plant and goodwill:— Revenue. 1917-18. 1916-17. £ £ Private lighting 66,225 60,546 Public lighting 6.208 6,126 Power supply i,536 4,988 Heating supply 6,557 5,119 Bank interest : 3,240 1,996 Miscellaneous receipts ... 470 697 Total revenue £87,536 ,£79,472 Expenditure. 1917-18. 1916-17. £ ■£ Generation expenses 25.4.11 21,774 Distribution expenses ... 4,055 4,550 General expenses 8,235 8,368 Total working expenses... 41,624 34,722 Tnfprpst 7.15S 7,174 Sinking fund 3169 3,189 Renewal and rcse.rvcfund 6,405 i,SIS Total expenditure ... 58,416 52,880 Balance carried to appropriation account 29,120 26,592 487,536 ,£79,472 Appropriation Account. Credit balance from revenue ac/t. 29,120 Special expenditure and- appropriations • 1l ' 3 ' io Net profit on year's operations ,£17,780
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https://paperspast.natlib.govt.nz/newspapers/DOM19180418.2.21
Bibliographic details
Dominion, Volume 11, Issue 179, 18 April 1918, Page 4
Word Count
187ELECTRIC LIGHT SERVICE Dominion, Volume 11, Issue 179, 18 April 1918, Page 4
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