✨ Financial Statements Notes
27 NOVEMBER
NEW ZEALAND GAZETTE
4543
TRANS POWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1995
With the adoption of modified historical cost, the remaining lives used in the ODV have been used to calculate the depreciation charge for the current year. As a result, the depreciation charge is approximately $10 million lower after tax than would have been charged based on the historical cost and the previous remaining lives.
- REMUNERATION OF AUDITORS
Amounts included in Administration and general costs (as detailed in Note 4) as fees paid or payable to the auditors (Coopers & Lybrand) for:
Auditing the financial statements of:
Trans Power
121
211
Trans Power subsidiaries
38
26
Other Services
404
336
563
573
- NET FINANCE COSTS
1995
12 months
$000
1994
15 months
$000
1994
12 months
$000
Finance costs
128,787
139,220
108,553
Less capitalised interest
(1,998)
(4,596)
(4,435)
Less interest received
(4,759)
(1)
0
Less dividends received
(1)
0
0
Less investment income
(724)
(5,720)
(3,125)
Net Finance Costs
121,305
128,903
100,993
Related Parties' Transactions
Net Finance costs paid to ECNZ:
Finance costs
3,741
138,668
Less interest received
(23)
(1)
3,718
138,667
Net Finance costs paid to the Crown:
Finance costs
109,294
n/a
Prior to 1 July 1994 all funding was managed by ECNZ. Interest is capitalised on capital work in progress in accordance with the accounting policy as outlined in Note 1(d).
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VUW Te Waharoa —
NZ Gazette 1995, No 139
NZLII —
NZ Gazette 1995, No 139
✨ LLM interpretation of page content
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Notes to the Financial Statements for Trans Power New Zealand Limited
(continued from previous page)
🏗️ Infrastructure & Public WorksFinancial Statements, Depreciation, Auditors' Remuneration, Finance Costs, Related Parties, ECNZ, Crown