✨ Financial Statements
KING COUNTRY ENERGY LIMITED AND SUBSIDIARY
NOTES TO THE ANNUAL FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH
THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994
FOR THE YEAR ENDED 31 MARCH 1998
| Note | Lines Business 1997/1998 | Energy Business 1997/1998 | Generation Business 1997/1998 | Lines Business 1996/1997 | Energy Business 1996/1997 | Lines Business 1995/1996 | Energy Business 1995/1996 |
|---|
2. REVENUE
Sales Revenue
7,456,716 | 12,628,964 | 2,732,162 | 6,828,647 | 11,844,997 | 6,631,790 | 11,472,244
Interest Received
215,514 | 97,329 | 4,873 | 193,133 | 158,658 | 224,566 | 126,319
Capital Contributions from Customers
196,596 | - | - | 135,147 | - | 192,124 | -
Other Income
22,196 | 143,503 | - | 535,334 | 171,575 | 479,054 | 136,329
Total Revenue
7,891,022 | 12,869,796 | 2,737,035 | 7,692,261 | 12,175,230 | 7,527,534 | 11,734,892
3. EXPENSES
Included in Operating Expense are the following items:
Transpower Charges
2,018,172 | - | - | 2,216,938 | - | 2,070,729 | -
Line Charges and Bulk Electricity Purchases
- | 13,840,814 | - | - | 11,187,803 | - | 10,756,284
Depreciation
898,875 | 25,737 | 404,807 | 845,660 | 95,464 | 852,486 | 82,257
Bad Debts Written Off
30,989 | 23,198 | - | 13,006 | 10,694 | 14,923 | 20,034
Interest Paid
- | - | 539,992 | - | - | - | (8,800)
Audit Fees
14,725 | 7,360 | 2,455 | 14,310 | 9,540 | 6,585 | 4,388
Other Fees paid to Auditors
4,325 | 2,165 | 720 | (406) | (271) | 17,355 | 11,572
Directors’ Fees
66,060 | 12,388 | 5,380 | 65,200 | 16,300 | 64,000 | 16,000
Loss on Sale of Fixed Assets
- | - | - | 24,253 | - | - | -
THE NEW ZEALAND GAZETTE
No. 123
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VUW Te Waharoa —
NZ Gazette 1998, No 123
NZLII —
NZ Gazette 1998, No 123
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King Country Energy Limited Financial Performance
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🏭 Trade, Customs & IndustryRevenue, Expenses, Sales, Interest, Depreciation, Audit Fees, Directors Fees