New Zealand Gazette – 2003 – No. 102

Page 2706

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 102

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 2003 - Continued

Note 2003 $ 2002 $

Directors' fees | 102,851 | 107,856 |

Auditors' fees |

  • Audit fees paid to principal auditors | 25,482 | 18,000 |
  • Audit fees paid to other auditors | 0 | 0 |
  • Fees paid for other services provided by principal and other auditors | 5,322 | 3,239 |
  • Total auditors' fees | 30,804 | 21,239 |

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 | 54,902 | 2,858 |
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 | 116,205 | 56,561 |

  • Total operating expenditure | 15,182,221 | 14,345,765 |

Operating surplus before interest and income tax | 11,962,518 | 11,048,906 |

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 | 11,962,518 | 11,048,906 |

Income tax | 2 | 3,523,286 | 3,246,146 |

Net surplus after tax | 8,439,232 | 7,800,760 |

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

2003 $ 2002 $

Equity at the Beginning of the Year | 78,021,556 | 76,211,383 |
Net Surplus (Deficit) for the Period | 8,439,232 | 7,800,760 |
Revaluation | 0 | (173,000) |
Total Recognised Revenue and Expenses | 8,439,232 | 7,627,760 |
Dividends Paid | (6,702,578) | (5,817,587) |
Transfer on Disposal of Assets | 0 | 0 |
Equity at the End of the Year | 79,758,210 | 78,021,556 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 102


Gazette.govt.nz — PDF NZ Gazette 2003, No 102




✨ LLM interpretation of page content

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

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