New Zealand Gazette – 2000 – No. 129

Page 3259

✨ Financial Statements



13 SEPTEMBER NEW ZEALAND GAZETTE 3259

BULLER ELECTRICITY LIMITED – LINE BUSINESS

2000 $ 1999 $
(d) Employee salaries, wages and redundancies 355,112 246,894
(e) Consumer billing and information system expense 15,557 9,541
(f) Depreciation on
(i) System fixed assets 477,407 434,559
(ii) Other assets not listed in (i) 54,309 65,576
(iii) Total depreciation expense 531,716 500,135
(g) Amortisation of
(i) Goodwill 0 0
(ii) Other intangibles 0 0
(iii) Total amortisation of intangibles 0 0
(h) Corporate and administration 70,084 74,957
(i) Human resource expense 47,436 35,191
(j) Marketing and advertising 7,049 13,651
(k) Merger and acquisition expenses 0 0
(l) Takeover defence expenses 0 0
(m) Research and development expenses 0 0
(n) Consultancy and legal expenses 193,445 115,287
(o) Donations 3,757 0
(p) Directors fees 64,401 45,500
(q) Audit fees
(i) Audit fees paid to principal auditors 20,000 23,200
(ii) Audit fees paid to other auditors 0 0
(iii) Fees paid for other services provided by auditors 3,000 0
(iv) Total auditors fees 23,000 23,200
(r) Costs of offering credits
(i) Bad debts written off 2,237 0
(ii) Increase in estimated doubtful debts 7,600 0
(iii) Total costs of offering credit 9,837 0
(s) Local authority rates 3,817 1,189
(t) AC loss-rental (distribution of) expense 0 0
(u) Rebates to customers due to ownership interest 299,602 0
(v) Subvention payments 0 0
(w) Unusual expenses 103,708 0
(x) Other expenditure not listed in (a) to (w) 167,833 309,961

13 Total operating expenditure | 4,086,499 | 3,322,238 |

14 Operating surplus before interest and income tax | 212,061 | 777,004 |

15 Interest
| (a) Interest expenses on borrowings | 0 | 0 |
| (b) Financing charges related to finance leases | 0 | 0 |
| (c) Other interest expense | 0 | 139 |
| (d) Total interest expense | 0 | 139 |

16 Operating surplus before income tax | 212,061 | 776,865 |

17 Income Tax | (22,094) | 256,365 |

18 Net surplus after tax | 235,055 | 520,500 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 129


Gazette.govt.nz — PDF NZ Gazette 2000, No 129




✨ LLM interpretation of page content

🏭 Notes to and forming part of the Financial Statements for Buller Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Liabilities, Equity, Revenue, Expenditure