✨ Financial Statements
22 SEPTEMBER NEW ZEALAND GAZETTE 3173
CENTRALPOWER LIMITED
Line Business and Electricity Retailing
Notes to the Financial Statements (cont.)
For the Year Ended 31 March 1997
- Surplus Before Taxation and Subvention Payments
Has been determined:
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| After charging: | ||
| Audit fees and expenses | 45 | 36 |
| Other fees paid to auditors | 209 | 16 |
| Depreciation | 6,445 | 296 |
| Directors’ fees | 117 | 64 |
| Interest | - | 1 |
| Rental and leasing costs | 25 | 20 |
| Bad debts written off (net) | 71 | 56 |
| Changes in the provision for doubtful debts | 10 | 9 |
| After crediting: | | |
| Interest | 1 | 1,965 |
| Rental income | 53 | 43 |
| Sundry income | 12 | 10 |
| Gain/(Loss) on sale of fixed assets | 176 | 8 |
- Taxation
Taxation has been prorated between Line and Electricity Retailing businesses using net profit before taxation as the allocation basis.
- Receivables
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| Trade Receivables | 3,471 | 696 |
| Provision for Doubtful Debts | (48) | (37) |
| 3,423 | 659 | |
| Prepayments | 813 | 592 |
| 4,236 | 1,251 |
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VUW Te Waharoa —
NZ Gazette 1997, No 135
NZLII —
NZ Gazette 1997, No 135
✨ LLM interpretation of page content
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CentralPower Limited Financial Statements
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🌾 Primary Industries & ResourcesElectricity, Financial Statements, Line Business, Electricity Retailing, Accounting Policies, Income Recognition, Investments, Fixed Assets, Depreciation, Income Tax, Inventories, Contributions