New Zealand Gazette – 1995 – No. 108

Page 3449

✨ Financial Notes to Accounts



29 SEPTEMBER NEW ZEALAND GAZETTE

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Accounts (continued)

Except where noted below, all costs, revenues, assets and liabilities have been allocated to business units in accordance with the Ministry of Commerce’ Electricity Disclosure Guidelines dated 23 June 1994.

Corporate costs including directors’ fees and audit fees have been allocated on the basis of estimated time spent by management on each business unit.

Trans Power transmission charges are a cost to the lines business.

(xii) Changes in Accounting Policies

All accounting policies have been applied on a consistent basis throughout the year.

There have been no changes in accounting policies from the previous period.

2. Net Profit Before Taxation

Consolidated Parent Line business Energy and other business
1995 1995 1995 1995
$000s $000s $000s $000s

Included in net profit before taxation are the following items:

Revenue:

  • Interest received | 76 | 132 | 37 | 39 |
  • Dividend revenue | 113 | 113 | - | 113 |

Expenses:

  • Directors’ fees | 68 | 68 | 34 | 34 |
  • Audit fees | 25 | 25 | 12 | 13 |
  • Interest on borrowings| 290 | 290 | - | 290 |
  • Depreciation | 373 | 373 | 173 | 200 |
  • Merger costs | 368 | 368 | 314 | 54 |


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✨ LLM interpretation of page content

💰 Notes to the Accounts of Wairarapa Electricity Limited and Subsidiary Companies (continued from previous page)

💰 Finance & Revenue
Accounting Policies, Financial Allocations, Directors' Fees, Audit Fees, Transmission Charges, Revenue, Expenses, Depreciation, Merger Costs