New Zealand Gazette – 2002 – No. 108

Page 2914

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 108

2002 2001
$ $
e) Consumer billing and information system expense 0 0
f) Depreciation on-
    i) System fixed assets 2,620,462 2,399,179
    ii) Other system assets not listed in (i) 309,105 358,642
Total Depreciation 2,929,567 2,757,821
g) Amortised off-
    i) Goodwill 0 0
    ii) Other Tangibles 0 0
    iii) Total amortisation of Intangibles 0 0
h) Corporate and Administration 266,629 233,062
i) Human Resource expenses 18,141 17,974
j) Marketing and advertising 21,898 15,962
k) Merger and acquisition expenses 0 0
l) Takeover defence expense 0 0
m) Research and development expenses 0 0
n) Consultancy and legal expenses 92,089 89,314
o) Donations 0 0
p) Directors fees 187,322 156,652
q) Auditors fees-
    i) Audit fees paid to principal auditors 15,357 35,037
    ii) Audit fees paid to other auditors 0 3,300
    iii) Fees paid for other services provided by principal and other auditors 0 0
    iv) Total auditors fees 15,357 38,337
r) Cost of offering credit-
    i) Bad debts written off 6506 0
    ii) Increase in estimated doubtful debts 0 0
    iii) Total cost of offering credit 6506 0
s) Local Authority rate expense 20,634 9,670
t) AC loss - rental rebates (distribution to retailers) expense 0 0
u) Rebates to customers due to ownership interest 4,943,042 3,094,971
v) Subvention payments 0 0
w) Unusual expenses 0 0
x) Other expenditure not listed in (a to x) 68,332 214,605
Total Operating Expenditure 15,090,463 13,176,691

Operating surplus before interest and income tax | 993,584 | 2,085,409 |

Interest Expense

| a) Interest expense on borrowings | 243,628 | 0 |
| b) Financing charges related to finance lease | 0 | 0 |
| c) Other interest expense not listed in (a to b) | 0 | 0 |
| d) Total interest expense | 243,628 | 0 |

Operating surplus before income tax | 749,956 | 2,085,409 |

Income Tax | 1,022,471 | 1,413,908 |

Net Surplus after tax | $ (272,515) | $ 671,501



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 108


Gazette.govt.nz — PDF NZ Gazette 2002, No 108




✨ LLM interpretation of page content

🏭 Electricity Ashburton Limited - Lines Business Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Expenditure, Depreciation, Interest Expense, Income Tax, Ashburton