New Zealand Gazette – 2000 – No. 109

Page 2731

✨ Financial Statements



25 AUGUST NEW ZEALAND GAZETTE 2731

HAWKE’S BAY NETWORK LIMITED - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the Year Ending 31 March 2000

18 FURTHER INFORMATION CONTINUED

The following information is required to be disclosed in the Financial Statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999.

2000 $000 1999 $000
Auditors’ fees:
Audit fees paid to principal auditors 34 30
Audit fees paid to other auditors 0 0
Fees paid for other services provided by principal and other auditors 4 4
Total auditors’ fees 38 34
2000 $000 1999 $000
Costs of offering credit
Bad debts written off 0 9
Increase in estimated doubtful debts 63 200
Total cost of offering credit 63 209
2000 $000 1999 $000
Local authority rates expense 72 108
AC loss-rentals (distribution to retailers/customers) expense 773 946
Subvention payments 0 0
Unusual expenses 2,113 2,957
Other expenditure not listed in (a) to (w) 132 106
3,090 4,117

| Total operating expenditure | 28,503 | 27,387 |

| Operating surplus before interest and income tax | 3,552 | 5,869 |

| Interest expense | | |
| Interest expense on borrowings | 0 | 0 |
| Financing charges related to finance leases | 0 | 0 |
| Other interest expense | 60 | 236 |
| Total interest expense | 60 | 236 |

| Operating surplus before income tax | 3,492 | 5,633 |

| Income tax | 20 | 2,943 |

| Net Surplus | 3,472 | 2,690 |

Note:
Some 1999 Comparison have been corrected as a result of incorrect note disclosures in last years Gazette

19 SEGMENT INFORMATION

The Company operates predominantly in one industry - the ownership, management and operation of electricity networks.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 109


Gazette.govt.nz — PDF NZ Gazette 2000, No 109




✨ LLM interpretation of page content

💰 Notes to and forming part of the financial statements for Hawke's Bay Network Limited (continued from previous page)

💰 Finance & Revenue
Financial statements, Operating revenue, Expenditure, Hawke's Bay Network Limited, Auditors' fees, Costs of offering credit, Local authority rates, AC loss-rentals, Subvention payments, Unusual expenses, Interest expense, Income tax, Net surplus, Segment information