✨ Financial Statements
THE POWER COMPANY LIMITED LINE BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2003
- Operating Revenue
| 31 March 2003 | 31 March 2002 | |
|---|---|---|
| $'000 | $'000 |
Operating Revenue Comprises:
- Line Charges (net of discount) | 22,335 | 21,189 |
- Interest on Investments | 5 | 45 |
- Transpower Rebate (net of distribution to retailers) | 262 | 1,493 |
- Other Revenue | 739 | 574 |
Total Operating Revenue | 23,341 | 23,301 |
- Operating Expenses
Operating Expenses Include:
- Auditors' Remuneration:
- Statutory Audit | 32 | 28 |
- Other |
- Bad Debts Written Off | 1 | 5 |
- Depreciation | 7,448 | 7,542 |
- Directors' Fees | 97 | 96 |
- Interest Expense | 390 | 452 |
- Lease Costs | -
- Loss on Disposal of Fixed Assets | 85 | 105 |
- Equity
| 31 March 2003 | 31 March 2002 | |
|---|---|---|
| $'000 | $'000 |
- Capital Reserve | 28,847 | 28,847 |
- Asset Revaluation Reserve (see below) | 110,489 | 110,489 |
- Retained Earnings | 16,523 | 16,174 |
Total Equity | 155,859 | 155,510 |
Asset Revaluation Reserve
- Opening Balance | 110,489 | 121,420 |
- Revaluation in the Year | - | (24,060) |
- Reversal/Impact of Deferred tax effect of revaluation | - | 12,179 |
- Other movements | - | 950 |
Closing Balance | 110,489 | 110,489 |
- Receivables and Prepayments
| 31 March 2003 | 31 March 2002 | |
|---|---|---|
| $'000 | $'000 |
- Trade Debtors | 1,320 | 1,294 |
- Other Debtors | 205 | 258 |
- Prepayments | 102 | 87 |
Total Receivables and Prepayments | 1,627 | 1,639 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 108
Gazette.govt.nz —
NZ Gazette 2003, No 108
✨ LLM interpretation of page content
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Financial Statements of The Power Company Limited
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🏭 Trade, Customs & Industry31 March 2003
Financial Statements, Operating Revenue, Operating Expenses, Equity, Receivables, Prepayments