✨ Financial Statements
NEW ZEALAND GAZETTE
No. 119
EnergyDirect Corporation Limited
ELECTRICITY BUSINESS
Note 2: Operating Surplus Before Taxation
| 31 March 1996 Consolidated Electricity $000 | 31 March 1996 Lines $000 | 31 March 1996 Energy $000 | |
|---|---|---|---|
| Operating surplus before taxation | 12,287 | 14,321 | (2,034) |
After charging:
Recurring operating expenses:
| | | | |
| Audit fees and expenses | 49 | 34 | 15 |
| Amounts paid to auditors for other services | 90 | 29 | 61 |
| Bad debts expense | 544 | 254 | 290 |
| Donations | 34 | 20 | 14 |
| Depreciation | 4,735 | 4,240 | 495 |
| Directors fees and expenses | 121 | 83 | 38 |
| Provision for doubtful debts expense | (27) | (13) | (14) |
| Rent | 1,305 | 658 | 647 |
| Property Outgoings | 970 | 594 | 376 |
Total recurring operating expenses | 7,821 | 5,899 | 1,922 |
Non-recurring operating expenses:
| | | | |
| Business process redesign costs | 191 | 131 | 60 |
| Discontinued activities - retail: | | | |
| Operating loss for year | 645 | | 645 |
| Costs associated with sale | 680 | | 680 |
| Merger and acquisition expenses | 1,594 | | 1,594 |
| Redundancy costs | 462 | 308 | 154 |
Total non-recurring operating expenses | 3,572 | 439 | 3,133 |
After crediting:
| Dividend income | 1,250 | | 1,250 |
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VUW Te Waharoa —
NZ Gazette 1996, No 119
NZLII —
NZ Gazette 1996, No 119
✨ LLM interpretation of page content
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Statement of Financial Position of EnergyDirect Corporation Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Operating Surplus, Taxation, Expenses, Revenue