New Zealand Gazette – 2000 – No. 110

Page 2750

✨ Financial Statements Notes



2750
NEW ZEALAND GAZETTE
No. 110

Notes to the Financial Statements
For the year ended 31 March 2000

2000 1999
$000 $000

2. OPERATING EXPENSES

Operating expenses include
Continuing line activity expenses

Payment by "line" business to "other" for
Meter data

  • 3,114
    Other goods and services
  • 35,477
    Total transfer payment to "other" business
  • 38,591

Operating line expenses
Payment for transmission charges
57,027 55,936
Depreciation on system fixed assets
19,342 19,923
Depreciation on other fixed assets
6,670 38
Total depreciation
26,012 19,961
Employee salaries, wages and redundancies
13,659 8,369
Consumer billing and information system expense
3,903 -
Asset maintenance
18,583 19,784
Net loss on sale of property, plant and equipment
1,412 -
Corporate and administration
2,271 1,411
Human resource expenses
427 1,289
Marketing/advertising
1,514 3,531
Consultancy and legal
3,388 3,105
Rental expense on operating leases
635 423
Total operating line expenses
128,831 113,809

Costs of offering credit
Bad debts written off
1,359 772
Increase in estimated doubtful debts
(387) -
Total cost of offering credit
972 772

Governance expenses
Directors fees
253 700
Director retiring allowances
195 -
Total directors fees
448 700

Auditors fees
Audit fees paid to principal auditors
57 -
Fees paid for other services provided by principal auditors
185 -
Audit fees paid to other auditors
15 60
Fees paid for other services provided by other auditors
216 38
Total auditors fees
473 98

Sundry expenses
Donations
3 -
Local authority rates expenses
1,453 742
Total sundry expenses
1,456 742
Other expenditure
23,395 20,952
Total operating expenditure
155,575 175,664

Operating surplus before interest and income tax
69,926 61,389
Interest expense on borrowings/total interest expense
9,520 28,440
Operating surplus before income tax
60,406 32,949
Income tax
18,804 10,225
Operating surplus after income tax
41,602 22,724



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 110


Gazette.govt.nz — PDF NZ Gazette 2000, No 110




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Expenses, Depreciation, Salaries, Billing, Maintenance, Marketing, Consultancy, Audit Fees, Directors Fees, Sundry Expenses