β¨ Financial Statements
KING COUNTRY ENERGY LIMITED
NOTES TO THE ANNUAL FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH
THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994
FOR THE YEAR ENDED 31 MARCH 1996
| Note | Lines Business 1995/1996 | Energy Business 1995/1996 | Lines Business 1994/1995 | Energy Business 1994/1995 |
|---|
2. REVENUE
Sales Revenue
| 6,631,790 | 11,472,244 | 5,982,924 | 11,599,812 | |
|---|---|---|---|---|
| Interest Received | 224,566 | 126,319 | 156,298 | 76,982 |
| Capital Contributions from Customers | 192,124 | - | 42,724 | - |
| Other Income | 479,054 | 136,329 | 602,518 | 1,105,422 |
| 7,527,534 | 11,734,892 | 6,784,464 | 12,782,216 |
3. EXPENSES
Included in Operating Expense are the following items:
| Lines Business 1995/1996 | Energy Business 1995/1996 | Lines Business 1994/1995 | Energy Business 1994/1995 | |
|---|---|---|---|---|
| Transpower Charges | 2,070,729 | - | 2,606,923 | - |
| Line Charges and Bulk Electricity Purchases | - | 10,756,284 | - | 10,002,454 |
| Depreciation | 852,486 | 82,257 | 715,595 | 73,683 |
| Bad Debts Written Off | 14,923 | 20,034 | 28,020 | 17,672 |
| Increase in Estimated Doubtful Debts | - | (8,800) | - | 10,200 |
| Audit Fees paid to Auditors | 6,585 | 4,388 | 6,615 | 4,200 |
| Other Fees paid to Auditors | 17,355 | 11,572 | - | - |
| Directors' Remuneration | 64,000 | 16,000 | 64,518 | 12,982 |
| Development Costs Written Off | - | 27,999 | - | - |
THE NEW ZEALAND GAZETTE
No. 87
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VUW Te Waharoa —
NZ Gazette 1996, No 87
NZLII —
NZ Gazette 1996, No 87
β¨ LLM interpretation of page content
π° King Country Energy Limited Annual Financial Statements
π° Finance & RevenueFinancial Statements, Revenue, Expenses, Energy, Lines Business