New Zealand Gazette – 2001 – No. 91

Page 2349

✨ Financial Statements



WAIPA NETWORKS LIMITED - LINES BUSINESS

i) Employee entitlements

Provision is made in respect of the Line Businesses liability for annual leave, long service leave and retirement gratuities. Where the qualifying criteria has been met these have been calculated on an actual entitlement basis at current rates of pay. Further provision has been made for long service and retirement gratuities where the qualifying criteria has not yet been met, bringing to account what is likely to be payable in the future in respect of service that employees have accumulated up until the 31 March 2001.

CHANGES IN ACCOUNTING POLICIES

There have been no changes in accounting policies. All policies have been consistently applied during the year.

2001 2000
$ $

2 NET SURPLUS BEFORE TAXATION

After Charging:

  • Direct Expenditure | 1,387,316 | 1,586,594 |
  • Audit fees for these financial statements | 6,690 | 6,600 |
  • Audit fees for Company financial statements | 23,651 | 23,897 |
  • Directors' fees | 91,601 | 96,245 |
  • Other Indirect expenditure | 964,775 | 895,310 |
  • Depreciation | 1,268,068 | 1,289,783 |
  • Net Gain on Disposal of Assets | (9,644) | 3,624 |
  • Interest Paid | 796,000 | 224,625 |

After Crediting:

  • Interest Received | 33,525 | 63,900 |


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 91


Gazette.govt.nz — PDF NZ Gazette 2001, No 91




✨ LLM interpretation of page content

🏭 Financial Position Statement for Waipa Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
6 August 2001
Financial Statements, Accounting Policies, Employee Entitlements, Net Surplus, Audit Fees, Directors' Fees, Depreciation, Interest Paid, Interest Received, Waipa Networks Limited