New Zealand Gazette – 1996 – No. 119

Page 3011

✨ Financial Data



EnergyDirect Electricity Business

COMPARATIVE FINANCIAL DATA

OPERATING SURPLUS BEFORE TAXATION

1996 1995
Consolidated Electricity $000 Lines $000 Energy $000 Consolidated Electricity $000 Lines $000 Energy $000
Operating surplus before taxation 12,287 14,321 (2,034) 11,339 10,212 1,127
After charging:
Recurring operating expenses:
Audit fees and expenses 49 34 15 100 48 52
Amounts paid to auditors for other services 90 29 61 49 16 33
Bad debts expense 544 254 290 504 235 269
Donations 34 20 14 29 17 12
Depreciation 4,735 4,240 495 4,692 4,042 650
Directors fees and expenses 121 83 38 139 93 46
Provision for doubtful debts expense (27) (13) (14) (111) (52) (59)
Rent 1305 658 647 1,179 691 488
Outgoings 970 594 376 855 618 237
7,821 5,899 1,922 7,436 5,708 1,728
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 - 1,594 518 518 -
Redundancy costs 462 308 154 191 175 16
3,572 439 3,133 709 693 16
After crediting:
Dividend income 1,250 1,250 - - -


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🏭 Statement of Financial Performance of EnergyDirect Electricity Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Taxation, Deferred Tax, Electricity Business, Comparative Data, Operating Surplus