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

  1. 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 |

  1. Taxation

Taxation has been prorated between Line and Electricity Retailing businesses using net profit before taxation as the allocation basis.

  1. 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 PDF NZ Gazette 1997, No 135


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🌾 CentralPower Limited Financial Statements (continued from previous page)

🌾 Primary Industries & Resources
Electricity, Financial Statements, Line Business, Electricity Retailing, Accounting Policies, Income Recognition, Investments, Fixed Assets, Depreciation, Income Tax, Inventories, Contributions