β¨ Financial Statements
NEW ZEALAND GAZETTE
11 AUGUST
2715
CENTRALPOWER GROUP
Line Business and Electricity Retailing
Notes to and forming part of the Financial Statements (cont.)
For the Year Ended 31 March 1998
- Surplus Before Taxation for the Year
Has been determined:
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| After charging: | ||
| Audit fees and expenses | 78 | 2 |
| Other fees paid to auditors | 81 | 89 |
| Depreciation | 4,420 | 1150 |
| Directors' fees | 161 | 14 |
| Interest | 2,779 | 164 |
| Rental and leasing costs | - | 18 |
| Bad debts written off (net) | 3 | 239 |
| Changes in the provision for doubtful debts | 5 | 1 |
| Other merger proposal expenses | - | 113 |
| Wind farm expenses | - | 94 |
| Foreign exchange loss | - | 13 |
| Diminution of fixed assets | - | 148 |
| After crediting: | | |
| Interest | 601 | 51 |
| Rental income | - | 25 |
| Sundry income | 59 | 475 |
| Gain/(Loss) on sale of fixed assets | 59 | 263 |
| Customer contributions | 968 | - |
- 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 | 1,228 | 5,646 |
| Non-trade receivables | - | 121 |
| Provision for Doubtful Debts | (45) | (45) |
| 1,183 | 5,722 |
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VUW Te Waharoa —
NZ Gazette 1998, No 110
NZLII —
NZ Gazette 1998, No 110
β¨ LLM interpretation of page content
π
Financial Statements for CentralPower Group
(continued from previous page)
π Trade, Customs & IndustryElectricity, Financial Statements, Line Business, Retailing, CentralPower Group