New Zealand Gazette – 2000 – No. 118

Page 3004

✨ Financial Statements Notes



NEW ZEALAND GAZETTE

No. 118

THE LINES COMPANY LIMITED

Line Business Activity

Notes to the Financial Statements

For the Year Ended 31st March 2000

Construction of the following types of assets was undertaken by the “other Business Activity” for The Lines Company.

(i) Distribution Lines and Cables
Total number of hours = 1125.5
Average Labour Cost per hour = $20.22
Average cost of Plant/Vehicles = $9.78 per hour

(ii) Zone Substation
Total number of hours = 260.5
Average labour cost per hour = $18.11
Average cost of Plant/Vehicles = $11.35

(iii) Medium Voltage Switchgear
Total number of hours = 670
Average Labour cost per hour = $21.47
Average cost of Plant/Vehicles = $12.04

(iv) Other Assets
Total number of hours = 253
Average labour cost per hour = $23.78
Average Cost of Plant/Vehicles = $12.57

NOTE 4: AUDITORS FEES

2000 1999
$000 $000
Audit fees paid to principal auditors 14 12
Audit fees paid to other auditors 0 0
Other services provided by auditors 0 0
Total 14 12

NOTE 5: COST OF OFFERING CREDIT

2000 1999
$000 $000
Bad Debts written off 37 16
Increase in estimated doubtful debts 0 0
Total 37 16

NOTE 6: INTEREST

2000 1999
$000 $000
Interest Expense on Borrowings 982 188
Financing Charges relating to finance Leases 0 0
Other Interest Expense 0 0
Total 982 188

NOTE 7: TAXATION EXPENSE

2000 1999
$000 $000
Nominal Profit Before Tax 2,858 3,422
Prima Facie Taxation @ 33% 943 1,129
Add/(Less) Effect of Permanent Tax Diff (337) (250)
606 879
Less Tax Loss on “Other” (228)
Net Taxation Expense 378 879


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 118


Gazette.govt.nz — PDF NZ Gazette 2000, No 118




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for The Lines Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Construction Costs, Audit Fees, Credit Costs, Interest Expense, Taxation