New Zealand Gazette – 1998 – No. 165

Page 3960

✨ 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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✨ LLM interpretation of page content

🏭 Financial Statements of TransAlta New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 August 1998
Financial Statements, Accounting Policies, Electricity, Information Disclosure