New Zealand Gazette – 2003 – No. 100

Page 2634

✨ Financial Statements



Statement of Financial Performance for the Year Ended 31 March 2003 - Continued

| Note | 2003
$ | 2002
$ |
| --- | --- | --- |
| 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 | 0 | 0 |
| AC loss-rentals (distribution to retailers/customers) expense | 0 | 0 |
| Rebates to consumers due to ownership interest | 0 | 0 |
| Subvention payments | 0 | 0 |
| Unusual expenses | 0 | 0 |
| Other expenditure not listed above | 134,052 | 67,227 |
| Total operating expenditure | 6,283,161 | 5,088,342 |

| Operating surplus before interest and income tax | 520,813 | 1,168,486 |

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 | 520,813 | 1,168,486 |

| Income tax | 5 | 836,605 | 769,560 |
| Net surplus after tax | -315,792 | 398,926 |

Network Waitaki Limited (Lines)

Statement of Movements in Equity for the Year Ended 31 March 2003

| Note | 2003
$ | 2002
$ |
| --- | --- | --- |
| Equity at the Beginning of the Year | 42,533,916 | 43,739,990 |
| Net Surplus (Deficit) for the Period | (315,792) | 398,926 |
| Revaluation | 366,649 | (1,560,000) |
| Total Recognised Revenue and Expenses | 50,857 | (1,161,075) |
| Dividends Paid | (75,000) | (45,000) |
| Equity at the End of the Year | 42,509,773 | 42,533,916 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 100


Gazette.govt.nz — PDF NZ Gazette 2003, No 100




✨ LLM interpretation of page content

🏭 Financial Statements for Network Waitaki Limited's Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Information Disclosure, Network Waitaki Limited