✨ Financial Performance Statement
THE LINES COMPANY LIMITED
Line Business Activity
Statement of Financial Performance
For the Year Ended 31 March 2001
| Note | 2001 $000's | 2000 $000's | |
|---|---|---|---|
| Income | |||
| Line/Access Charges | 16,829 | 16,821 | |
| Provision of Goods & Services to 'Other' | 0 | 0 | |
| Line Losses | 0 | 0 | |
| AC loss-rental Rebates | 752 | 298 | |
| Interest | 0 | 0 | |
| Other | 50 | 0 | |
| Total Income | 17,581 | 17,119 | |
| less customer discount | 2 | (5,369) | (4,515) |
| Total Income | 12,212 | 12,604 |
Expenditure
Transfer Payments:
| | Note | 2001 $000's | 2000 $000's |
|--------------------------|------|-------------|-------------|
| Payment by Line Business to "Other" | 3 | 1,531 | 1,537 |
| Specified expenses to non-related entities | | 830 | 1,042 |
| Transmission costs | | 4,123 | 4,094 |
| Employee salaries/redundancies | | 817 | 847 |
| Customer Billing and Information System | | 31 | 36 |
| Depreciation: | | | |
| System Fixed Assets | | 1,235 | 313 |
| Other assets not included in the system | | 216 | 45 |
| Total Depreciation | | 1,451 | 358 |
| Amortisation of: | | | |
| Goodwill | | 0 | 0 |
| Other Intangibles | | 0 | 0 |
| Total amortisation of intangibles | | 0 | 0 |
| Corporate & Administration | | 112 | 147 |
| Human Resource | | 18 | 16 |
| Marketing & Advertising | | 36 | 53 |
| Merger and acquisition expenses | | 0 | 0 |
| Takeover defence expenses | | 0 | 0 |
| Research and development expenses | | 0 | 0 |
| Consultancy & legal expenses | | 12 | 10 |
| Donations | | 23 | 22 |
| Directors' fees | | 114 | 79 |
| Auditors' fees | 4 | 13 | 14 |
| Cost of offering credit | 5 | 0 | 37 |
| Local Authority rates expense | | 2 | 3 |
| AC loss-rentals (distribution to customers) expense | | 0 | 0 |
| Rebate to consumers due to ownership interest | | 0 | 0 |
| Subvention payments | | 0 | 0 |
| Unusual expenses | | 0 | 0 |
| Other | | 527 | 471 |
| Total Expenditure | | 9,640 | 8,765 |
| Operating surplus before Interest & Tax | | 2,571 | 3,839 |
| Interest Expense on Borrowings | 6 | 846 | 982 |
| Operating surplus before income tax | | 1,725 | 2,858 |
| Tax Expense | 7 | 163 | 378 |
| Net surplus after Tax | | 1,562 | 2,479 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 92
Gazette.govt.nz —
NZ Gazette 2001, No 92
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Statement of Financial Performance for The Lines Company Limited
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