New Zealand Gazette – 1996 – No. 173

Page 4555

✨ Financial Statements Notes

29 NOVEMBER NEW ZEALAND GAZETTE 4555

            TRANS POWER NEW ZEALAND LIMITED GROUP

            NOTES TO THE FINANCIAL STATEMENTS

            FOR THE YEAR ENDED 30 JUNE 1996

OPERATING EXPENSES (cont.)

                    1996            1995
                    $000            $000

Net Loss/Gain on the Disposal of Fixed Assets
included in stock and asset write offs:

Net loss on the disposal of fixed assets 9,470 9,664

                        9,470           9,664

REMUNERATION OF AUDITORS

Fees paid or payable to Coopers & Lybrand:

As auditor of the Group 130 159
For other services 725 404

                        855         563

NET FINANCE COSTS

Finance costs 141,928 128,787
Lease costs - -
Capitalised interest (3,709) (1,998)
Interest received (20,512) (4,759)
Gain on cross border lease (10,885) -
Dividends received (2) (1)
Investment income - -

Net Finance Costs 106,820 121,305

Related Party Transactions
Finance costs charged by:

ECNZ Group - 3,741
Crown 66,391 109,294

                        66,391          113,035

Interest received from:

ECNZ Group - (23)

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VUW Te Waharoa — NZ Gazette 1996, No 173

NZLII — NZ Gazette 1996, No 173

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated5 November 1996
KeywordsOperating Expenses, Financial Statements, Related Party Transactions, ECNZ Group, BCL, Works Consultancy Services, Contact Energy

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