New Zealand Gazette – 2002 – No. 107

Page 2888

✨ Financial Statements



Alpine Energy Limited (Lines)

Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations

Statement of Financial Performance for the Year Ended 31 March 2002 - Continued

| Note | 2002
| $ | 2001
| $
|------|----------|----------------|
| Directors' fees | 107,856 | 126,511 |
| Auditors' fees | | |
| Audit fees paid to principal auditors | 18,000 | 29,000 |
| Audit fees paid to other auditors | 0 | 0 |
| Fees paid for other services provided by principal and other auditors | 3,239 | 3,239 |
| Total auditors' fees | 21,239 | 32,239 |

| Costs of offering credit | | |
| Bad debts written off | 0 | 0 |
| Increase in estimated doubtful debts| 0 | 0 |
| Total cost of offering credit | 0 | 0 |

| Local authority rates expense | 2,858 | 9,981 |
| AC loss-rentals (distribution to retailers/customers) expense | 0 | 0 |
| Rebates to consumers due to ownership interest | 0 | 0 |
| Subvention payments | 0 | 0 |
| Unusual expenditure | 0 | 0 |
| Other expenditure not listed above | 56,561 | 67,078 |
| Total operating expenditure | 14,345,765 | 15,423,992 |

| Operating surplus before interest and income tax | 11,048,906 | 9,756,174 |

Interest expense

| Interest expense on borrowings | 0 | 0 |
| Financing charges related to finance leases | 0 | 0 |
| Other interest expense | 0 | 0 |
| Total interest expense | 0 | 0 |

| Operating surplus before income tax | 11,048,906 | 9,756,174 |

| Income tax | 2 | 3,248,146 | 3,589,887 |
| Net surplus after tax | 7,800,760 | 6,166,287 |

Statement of Movements in Equity for the Year Ended 31 March 2002

| | 2002
| $ | 2001
| $
|--------------------|---------------|-----------------|
| Equity at the Beginning of the Year | 76,211,383 | 74,512,785 |
| Net Surplus (Deficit) for the Period | 7,800,760 | 6,166,287 |
| Revaluation | (173,000) | (3,014,000) |
| Total Recognised Revenue and Expenses | 7,627,760 | 3,152,287 |
| Dividends Paid | (5,817,587) | (4,703,689) |
| Transfer on Disposal of Assets | 0 | 3,250,000 |

| Equity at the End of the Year | 78,021,556 | 76,211,383 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 107


Gazette.govt.nz — PDF NZ Gazette 2002, No 107




✨ LLM interpretation of page content

🌾 Alpine Energy Limited Financial Statements (continued from previous page)

🌾 Primary Industries & Resources
Electricity, Financial Statements, Alpine Energy, Information Disclosure