New Zealand Gazette – 1997 – No. 105

Page 2451

✨ 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 1997

Note	Lines Business 1996/1997	Energy Business 1996/1997	Lines Business 1995/1996	Energy Business 1995/1996	Lines Business 1994/1995	Energy Business 1994/1995

2. REVENUE

Sales Revenue | 6,828,647 | 11,844,997 | 6,631,790 | 11,472,244 | 5,982,924 | 11,599,812 |
Interest Received | 193,133 | 158,658 | 224,566 | 126,319 | 156,298 | 76,982 |
Capital Contributions from Customers | 135,147 | 192,124 | - | 42,724 | - | - |
Other Income | 535,334 | 171,575 | 479,054 | 136,329 | 602,518 | 1,105,422 |

Total Revenue | 7,692,261 | 12,175,230 | 7,527,534 | 11,734,892 | 6,784,464 | 12,782,216 |

3. EXPENSES

Included in Operating Expense are the following items:

Transpower Charges | 2,216,938 | - | 2,070,729 | - | 2,606,923 | - |
Line Charges and Bulk Electricity Purchases | - | 11,187,803 | - | 10,756,284 | - | 10,002,454 |
Depreciation | 845,660 | 95,464 | 852,486 | 82,257 | 715,595 | 73,683 |
Bad Debts Written Off | 13,006 | 10,694 | 14,923 | 20,034 | 28,020 | 17,672 |
Decrease in Estimated Doubtful Debts | - | - | - | (8,800) | - | 10,200 |
Audit Fees | 14,310 | 9,540 | 6,585 | 4,388 | 6,615 | 4,200 |
Other Fees paid to Auditors | (406) | (271) | 17,355 | 11,572 | 615 | - |
Directors’ Fees | 65,200 | 16,300 | 64,000 | 16,000 | 64,518 | 12,982 |
Loss on Sale of Fixed Assets | 24,253 | - | - | - | - | - |

THE NEW ZEALAND GAZETTE

26 AUGUST

2451

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VUW Te Waharoa — NZ Gazette 1997, No 105

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements of King Country Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsInvestments, Fixed Assets, Depreciation, Taxation, Development Assets, GST, Employee Entitlements, Accounting Policy

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