✨ 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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πŸ’° King Country Energy Limited Annual Financial Statements

πŸ’° Finance & Revenue
Financial Statements, Revenue, Expenses, Energy, Lines Business