New Zealand Gazette – 2003 – No. 105

Page 2784

✨ Financial Statements



Expenditure (Schedule 1, Part 2)

2003 2002
Corporate and administration: 333,294 310,898
Human resource expenses: 78,919 118,873
Marketing/advertising: 124,887 128,233
Merger and acquisition expenses:
Takeover defence expenses:
Research and development expenses:
Consultancy and legal expenses: 203,760 207,109
Donations:
Directors' fees: 112,000 118,032
Auditors' fees:
Audit fees paid to principal auditors: 30,400 28,080
Audit fees paid to other auditors:
Fees paid for other services provided by principal and other auditors: 15,640 14,464
Total auditors' fees: 46,040 42,544
Costs of offering credit:
Bad debts written off: 21,876
Increase in estimated doubtful debts: 0 0
Total cost of offering credit: 21,876
Local authority rates expense:
AC loss-rentals (distribution to retailers/customers) expense: 454,259 970,539
Rebates to consumers due to ownership interest: 0
Subvention payments:
Unusual expenses:
Other expenditure not listed in (a) to (w) 145,823 102,397
Total operating expenditure 12,864,473 12,015,667

Operating surplus before interest and income tax | 6,646,165 | 6,949,792 |

2003 2002
Interest expense on borrowings 606,279 587,944
Financing charges related to finance leases 0 0
Other interest expense
Total interest expense 606,279 587,944

Operating surplus before income tax | 6,039,886 | 6,361,848 |

Income tax | 1,472,000 | 1,563,885 |

Net surplus after tax | 4,567,886 | 4,797,963 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 105


Gazette.govt.nz — PDF NZ Gazette 2003, No 105




✨ LLM interpretation of page content

🏭 Top Energy Limited Financial Position Statement (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Expenditure, Transfer Payments