✨ Financial Statements
31 AUGUST
NEW ZEALAND GAZETTE
2847
WEL NETWORKS LIMITED
| Operating Expenditure (continued) | Line Business 2001 ($000s) | 2000 ($000s) |
|---|---|---|
| Donations | - | - |
| Directors' Fees | 213 | 235 |
| Other payments to directors | - | - |
| Audit Fees | ||
| Audit Fees to principal auditors | 20 | 20 |
| Audit Fees to other auditors | - | - |
| Other Fees paid to principal & other auditors | 44 | 57 |
| Total | 64 | 77 |
| Net loss on sale of fixed assets | 62 | 3 |
| Cost of offering credit | ||
| Bad Debts | 1 | 1 |
| Movement in provision for doubtful debts | - | - |
| Total | 1 | 1 |
| Local Authority rates | 42 | 36 |
| AC Loss-rental expense | - | - |
| Rebates to customers due to ownership | - | - |
| Subvention payments | - | - |
| Unusual expenses | - | - |
| Other expenditure | 794 | 920 |
| Total expenditure | 28,152 | 29,436 |
3 Interest
| Interest expense on borrowings | 3 | 40 |
| Finance charges relating to finance leases | - | - |
| Other interest expenses | - | - |
| Total | 3 | 40 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 110
Gazette.govt.nz —
NZ Gazette 2001, No 110
✨ LLM interpretation of page content
🏭
Statement of Accounting Policies for WEL Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Operating Expenditure, Interest, Audit Fees, Directors' Fees, Donations, Bad Debts, Local Authority Rates