Financial Statements Notes




4576
NEW ZEALAND GAZETTE
No. 140

NOTES TO THE FINANCIAL STATEMENTS

ECNZ
ECNZ comprises Electricity Corporation of New Zealand Limited, the Parent (excluding Brightspot and Appliance Wholesale divisions), Rutherford House Limited and ECNZ Insurance Limited.

  1. CHANGE OF BALANCE DATE
    The balance date of ECNZ and its subsidiary companies was changed from 31 March to 30 June as at 30 June 1994.

  2. REVENUE
    Continuing Activities
    Sales of Electricity
    Other Sales Revenue - External

  • Subsidiaries
    Gain on Disposal of Investments
    Gain on Sale of Fixed Assets
    Other Income
    Total Revenue from Continuing Activities

Other income consists primarily of rental and service income.

  1. SURPLUS BEFORE TAXATION
    Surplus before Taxation is stated after charging:
    Amounts received by the Auditors for:
    Auditing the Financial Statements
    Other Services
    Directors’ Fees
    Depreciation
    Operating Lease and Rental Costs
    Bad Debts Written Off
    Donations

In accordance with FRS9 paragraph 5.5, comparative figures are not shown where items are disclosed for the first time.

12 months
ended
June 1995
$000

1,228,638

1,083
11,610
9,717
30,702
1,281,750

353
1,534
284
132,803
2,277
5
215

12 months
ended
June 1994
$000

1,230,091

25,785

4,504
18,663
1,279,043

337

300
127,339
3,075



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