✨ Financial Statements
NEW ZEALAND GAZETTE
No. 165
TRANSALTA NEW ZEALAND LIMITED
Notes to and forming part of the Financial Statements (Continued)
For the Year Ended 31 March 1998
Note 2: Interest and Other Income
| Line Business | Energy Business | |||
|---|---|---|---|---|
| 31-Mar-98 | 31-Mar-97 | 31-Mar-98 | 31-Mar-97 | |
| $000 | $000 | $000 | $000 | |
| Interest on cash and | ||||
| short term investments | 1,496 | 1,667 | 104 | 557 |
| Application fees | - | - | 979 | 401 |
| Customer contributions | 979 | 438 | - | - |
| Gain on sale of fixed | ||||
| assets | 238 | - | (8) | - |
| Other income | 104 | 3,575 | 3,602 | 2,958 |
| Share of associate’s | ||||
| loss after tax | - | - | (836) | (560) |
| Distribution received | ||||
| from associate | - | - | - | 1,000 |
| Total Interest and | ||||
| Other Income | 2,817 | 5,680 | 3,841 | 4,356 |
Note 3: Expenses
| Line Business | Energy Business | |||
|---|---|---|---|---|
| 31-Mar-98 | 31-Mar-97 | 31-Mar-98 | 31-Mar-97 | |
| $000 | $000 | $000 | $000 |
Operating Expenses
| Operating | 22,614 | 39,211 | 14,111 | 18,062 |
| Amounts paid to auditors | | | | |
| for audit fees | 34 | 66 | 40 | 60 |
| Amounts paid to auditors | | | | |
| for other services | 94 | 98 | - | 87 |
| Bad debts | 394 | 592 | 531 | 560 |
| Provision for doubtful | | | | |
| debts | 70 | (313) | 70 | (286) |
| Donations | 147 | 135 | 145 | 122 |
| Directors’ fees and | | | | |
| expenses | 138 | 133 | 162 | 122 |
| Rental and operating | | | | |
| lease costs | 532 | 678 | 389 | 236 |
| Total Operating | | | | |
| Expenses | 24,023 | 40,600 | 15,448 | 18,963 |
Interest
| Interest expense | 26,771 | 13,083 | 62 | 300 |
| Less interest capitalised| (242) | - | - | - |
| Total Interest | 26,529 | 13,083 | 62 | 300 |
Depreciation and amortisation
| Depreciation | 13,859 | 11,500 | 613 | 824 |
| Amortisation of energy | | | | |
| supply asset | - | - | 1,136 | 563 |
| Total Depreciation | | | | |
| and Amortisation | 13,859 | 11,500 | 1,749 | 1,387 |
The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Electricity (Information Disclosure) Regulations 1994.
The information should not be used for any other purpose than that intended under the regulations.
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VUW Te Waharoa —
NZ Gazette 1998, No 165
NZLII —
NZ Gazette 1998, No 165
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Financial Statements of TransAlta New Zealand Limited
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