Omarama Airfield Ltd is having a good financial year so far, but its former chairman Hugh Cameron has warned extra maintenance still to be done could affect the final result.
The company, which owns and operates the Omarama airfield, is 50-50 owned by the Waitaki District Council and the Omarama Soaring Centre, and has presented its half-yearly report for 2012-13 to its owners.
It shows a much-improved result over the previous financial year - a $30,150 net operating surplus compared with $11,860.
Income for the six months until the end of September was $60,406, compared with $52,414 for the previous corresponding period, and expenditure was $30,301, compared with $40,554.
Mr Cameron said the results reflected only the early part of the gliding season, until the end of September, and not the main part of the gliding season, including the national championships, which were held in January.
Landing fees and other income were below what the company had predicted, but that was a ''timing issue'' because of the gliding season and income was expected to be close to budget by the end of the financial year, on June 30.
However, income was well above the previous year and this, combined with expenditure that was 22% below budget, led to the improved surplus.
Expenditure was down because of reduced repairs and maintenance, and a lack of issues with the airfield's's irrigation system.
There had been problems in the current six months, however, and the company was aware of some extra maintenance to come.
However, revenue from the summer camp and competitions would help ''provide a reasonable surplus at the end of the year''.
