Financial Statements




14 AUGUST
NEW ZEALAND GAZETTE
2735

OTAGO POWER LIMITED LINE BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2002

  1. Operating Revenue

    Operating Revenue Comprises:

    Line Charges 11,638 11,234
    Interest on Investments 317 395
    Gain on Sale of Property, Plant and Equipment - 34
    Bad Debts Recovered 5 15
    AC Loss Rental Rebates 749 530
    Other Revenue 938 332


    Total Operating Revenue 13,647 12,540

  2. Operating Expenses

    Operating Expenses Include:

    Auditors Remuneration:

    • Statutory Audit 30 27
    • Other 118 12
      Bad and Doubtful Debts:
    • Debts Written Off 1 4
    • (Decrease)/Increase in Estimated Doubtful Debts - (11)
      Depreciation 1,234 1,202
      Directors’ Fees 74 62
      Interest Expense 16 -
      Lease Costs 30 53
      Loss on Disposal of Property, Plant and Equipment - 227
  3. Abnormal Items

    Restructuring Costs (214) (152)


    Total Abnormal Items (214) (152)



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2002, No 101


Gazette.govt.nz PDF NZ Gazette 2002, No 101





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Financial Statements, Operating Revenue, Operating Expenses, Abnormal Items, Line Charges, Interest, Depreciation, Directors' Fees