New Zealand Gazette – 2001 – No. 96

Page 2475

✨ Financial Statements



OTAGO POWER LIMITED LINE BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2001

1. Operating Revenue

31 March 2001 31 March 2000
$'000 $'000

Operating Revenue Comprises:

  • Line Charges | 11,234 | 10,201 |
  • Interest on Investments | 395 | 569 |
  • Gain on Sale of Fixed Assets| 34 | - |
  • Bad Debts Recovered | 15 | - |
  • AC Loss Rental Rebates | 530 | 188 |
  • Other Revenue | 332 | 223 |

Total Operating Revenue | 12,540 | 11,181 |

2. Operating Expenses

31 March 2001 31 March 2000
$'000 $'000

Operating Expenses Include:

  • Auditors' Remuneration:

    • Statutory Audit | 27 | 27 |
    • Other | 12 | 11 |

  • Bad and Doubtful Debts:

    • Debts Written Off | 4 | - |
    • (Decrease)/Increase in Estimated Doubtful Debts | (11) | (100) |

  • Depreciation | 1,202 | 1,214 |

  • Directors' Fees | 62 | 42 |

  • Interest Expense | - | - |

  • Lease Costs | 53 | 88 |

  • Loss on Disposal of Fixed Assets | 227 | 35 |

3. Abnormal Items

31 March 2001 31 March 2000
$'000 $'000
  • Restructuring Costs | (152) | - |

Total Abnormal Items | (152) | - |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 96


Gazette.govt.nz — PDF NZ Gazette 2001, No 96




✨ LLM interpretation of page content

🏭 Otago Power Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
9 August 2001
Financial Statements, Electricity, Information Disclosure, Otago Power Limited