New Zealand Gazette – 2001 – No. 121

Page 3169

✨ Financial Statements



10 SEPTEMBER
NEW ZEALAND GAZETTE
3169

STATEMENT OF FINANCIAL PERFORMANCE (continued)
For the Year Ended 31 March 2001

Notes 2001 $000 2000 $000
Consultancy and legal expenses 169 192
Donations 17 19
Directors' fees 97 90
Auditors' fees:
Audit fees paid to principal auditors 39 37
Audit fees paid to other auditors - 4
Fees paid for other services provided by principal and other auditors 9 24
Total auditors' fees 48 65
Costs of offering credit:
Bad debts written off 34 -
Increase in estimated doubtful debts - -
Total cost of offering credit 34 -
Local authority rates expense 59 71
AC loss-rentals rebates expense 6,000 5,111
Discount to consumers - -
Subvention payments - -
Unusual expenses - -
Rental Expense and Operating Leases 7 22
Other expenditure 1,088 1,100
Total operating expenditure 16,428 16,266
Operating surplus before interest and income tax 3,658 3,440

Interest expense
Interest expense on borrowings
Financing charges related to finance leases
Other interest expense
Total interest expense 51 -
Operating surplus before income tax 3,607 3,440
Income tax 1,219 1,172
Net surplus after tax 2,388 2,268

STATEMENT OF MOVEMENTS IN EQUITY
For the Year Ended 31 March 2001

2001 $000 2000 $000
Equity At Beginning Of Year 21,648 14,878
Net Surplus For Year 2,388 2,268
Less Dividend (100) (100)
Total Recognised Revenues And Expenses For The Period 2,288 2,168
Change In Equity Due To Removal Of Non Lines Assets (572) 110
Change In Equity Due To Sale Of Metering Assets - 4,492
Equity At End Of Year 23,364 21,648


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 121


Gazette.govt.nz — PDF NZ Gazette 2001, No 121




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Revenue, Expenditure, Electricity, Marlborough Lines Limited