New Zealand Gazette – 1997 – No. 133

Page 3127

✨ Financial Notes

19 SEPTEMBER NEW ZEALAND GAZETTE 3127

Note 8

The following items are disclosed in accordance with FRS 9 issued by the New Zealand Society of Accountants. The calculation of total operating profit includes:

| | Network Energy & Other | Network Energy & Other |
| | 1997 | 1997 | 1996 | 1996 |
| | $000 | $000 | $000 | $000 |

Income:

Network | 4,756 | - | 4,475 | - |
Energy | - | 4,427 | - | 4,417 |
Commercial | - | 2,321 | - | 2,381 |

Total Sales: | 4,756 | 6,748 | 4,475 | 6,798 |

Operating Expenses:

Audit Fees | 13 | 14 | 13 | 6 |
Depreciation | 513 | 93 | 442 | 102 |
Director's Fees & Expenses | 33 | 33 | 33 | 33 |
Rent | - | 72 | - | 78 |
Interest | - | 19 | 16 | 9 |
Bad Debts Written Off | - | 27 | - | 31 |

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VUW Te Waharoa — NZ Gazette 1997, No 133

NZLII — NZ Gazette 1997, No 133

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Accounts (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Profit, Income, Expenses, Network Energy

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