Annual Report 2011/12

Transpower performed well financially last year, largely in line with planned expenditure and revenue forecasts. Earnings after tax, prior to net changes in the fair value of financial instruments, were $167 million (2011: $126 million). Prior year earnings were reduced by one-off charges, including a $19.7 million impairment on the North Island Grid Upgrade land portfolio.

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Annual Report 2011/12 [ pdf 2.72 MB ]