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New Zealand Gazette – 1996 – No. 83

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 83

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Financial Statements

(xii) Changes in Accounting Policies

All accounting policies have been applied on a consistent basis throughout the year.

There have been no changes in accounting policies from the previous period.

(xiii) Restatement of Comparatives

A restatement of 1995 comparative figures has been necessary to reflect a revised interpretation of the Regulations by the Ministry of Commerce.

2. Operating Surplus before Taxation

	Line Business	Energy and Other Business	Line Business	Energy and Other Business
	1996	1996	1995	1995
	000's	000's	000's	000's

Included in operating surplus before taxation are the following items:

Revenue

Interest Received | 67 | 66 | 37 | 39 |

Expenses

Directors' Fees | 59 | 59 | 34 | 34 |

Audit Fees | 9 | 9 | 12 | 13 |

Interest on Borrowings | - | 443 | - | 290 |

Bad Debts Written Off | 34 | 45 | 49 | 61 |

Operating Lease Expenses | 34 | 42 | - | - |

Depreciation | 39 | 250 | 175 | 200 |

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VUW Te Waharoa — NZ Gazette 1996, No 83

NZLII — NZ Gazette 1996, No 83

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✨ LLM interpretation of page content

🏭 Wairarapa Electricity Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Electricity, Wairarapa, Accounting Policies, Maintenance, Income Tax, Financial Instruments, Construction Contracts, Business Unit Allocations

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