New Zealand Gazette – 1995 – No. 84

Page 2383

✨ Financial Statements



22 AUGUST

NEW ZEALAND GAZETTE

LINE BUSINESS ACTIVITY - NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 1995

Note 1 Revenue

1995
$

Line Services 6,090,653
Transmission 2,195,413
Line Contracting 924,221
Capital Contributions 195,082

$9,405,369

Note 2 Operating Expenditure

Transmission Charges 2,017,406
Directors Fees & Expenses 102,699
Grant - Electricity Ashburton 58,339
Audit Fees 17,452
Interest Paid 6,407
Other 3,492,292

$5,694,595

Note 3 Taxation

Taxation Reconciliation

Accounting Operating Surplus before Taxation as per Statement of Performance 1,954,057

Prima Facie Taxation @ 33% 644,838
Plus Tax Effect of:-
Permanent Differences 18,706
Prior Year Adjustment (74)

Taxation Charge for Year $663,470

Comprising:
Current Taxation 629,301
Deferred Taxation 34,169

$663,470

Imputation Credits
Opening Balance 450,225
Taxation Paid During the Year 407,255

Credits Attached to Dividends Paid -

Closing Balance $857,480

Note 4 Fixed Assets

Cost Accumulated Depreciation 1995 Book Value
Distribution Network 37,458,041 14,602,704 22,855,337
Land & Buildings 1,644,559 164,282 1,480,277
Motor Vehicles 1,630,825 998,262 632,563
Plant & Equipment 1,671,402 986,355 685,047

$42,404,827 $16,751,603 $25,653,224

Note 5 Accounts Receivable

1995
$

Trade Debtors 841,927
Prepayments 16,254
Accrued Income 690,288

$1,548,469

Note 6 Accounts Payable

Trade Creditors 585,360
Accruals Nil
Employee Provisions 226,237

$811,597

Note 7 Financial Commitments

Estimated capital expenditure contracted for at balance date but not provided for

$158,154



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✨ LLM interpretation of page content

🏭 Electricity Ashburton Limited - Notes to the Financial Statements for the Year Ended 31 March 1995 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Operating Expenditure, Taxation, Fixed Assets, Accounts Receivable, Accounts Payable, Financial Commitments