New Zealand Gazette – 1998 – No. 167

Page 3989

✨ Financial Statements



5 OCTOBER NEW ZEALAND GAZETTE 3989

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

                            Distribution                  Retail
                            31-Mar-98   31-Mar-97   31-Mar-98   31-Mar-97
                            $000      $000      $000      $000

Interest on cash and short term investments 204 269 16 1
Application fees - - 134 31
Customer contributions 133 36 - -
Gain on sale of fixed assets 33 - - -
Other 14 1,015 47 2,270
Total Interest and Other Income 384 1,320 197 2,302

Note: 3 Operating Expenses

                            Distribution                  Retail
                            31-Mar-98   31-Mar-97   31-Mar-98   31-Mar-97
                            $000      $000      $000      $000

Operating 2,862 4,123 1,629 668
Amounts paid to auditors for audit fees 4 14 3 12
Amounts paid to auditors for other services 204 19 - 17
Bad debts 43 137 36 118
Provision for doubtful debts 7 (66) 6 (56)
Donations 16 11 13 10
Directors’ fees and expenses 15 23 13 20
Rental and operating lease costs 73 72 53 15
Total Operating Expenses 3,224 4,333 1,753 804

The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Gas (Information Disclosure) Regulations 1997.

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, Gas, Information Disclosure, TransAlta New Zealand Limited, Interest and Other Income, Operating Expenses