New Zealand Gazette – 2002 – No. 123

Page 3292

✨ Financial Statements



HAWKE'S BAY NETWORK LIMITED - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2002

4 SURPLUS BEFORE TAXATION

2002 2001
$000 $000
Surplus Before Taxation 715 3,618

After Charging:

  • Depreciation:

    • Electrical Distribution System: 4,640 | 4,020
    • Freehold Buildings: 89 | 81
    • Motor Vehicles: 123 | 152
    • Plant and Equipment: 110 | 122
    • Office Furniture and Equipment: 61 | 57
    • Information Technology: 535 | 496

  • Total Depreciation: 5,558 | 4,908

  • Other Costs:

    • Interest Expense: 60 | 60
    • Audit New Zealand - Audit Services: 20 | 33
    • Audit New Zealand - Disclosure Accounts: 3 | 4
    • Remuneration Paid to Directors: 140 | 135
    • Bad Debts Written Off: 40 | 88
    • Change In Provision for Doubtful Debts: 11 | (85)
    • Loss on Sale of Assets: 8 | 141

After Crediting:

  • Interest Revenue: 529 | 316
  • Recovery of debt previously written off as bad: 5 | -
  • Dividends: -
  • Gain on Sale of Assets: 66 | -

Non Operating Benefits (Costs):

  • Stock Obsolescence: (38) | (177)

  • Gratuities and Long Service Provision: (2) | (522)

  • Restructuring: - | (234)

  • Total Non Operating (Costs): (40) | (933)

5 SHARE CAPITAL

2002 2001
Number of Ordinary Fully Paid Shares on Issue 64,000,000 64,000,000
Issued and Paid up Value $66,661 $66,651

6 RECEIVABLES AND PREPAYMENTS

2002 2001
$000 $000
Trade Debtors 2,063 3,577
Provision For Doubtful Debts (111) (100)

Net Receivables: 1,952 | 3,477



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 123


Gazette.govt.nz — PDF NZ Gazette 2002, No 123




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