New Zealand Gazette – 2003 – No. 108

Page 2847

✨ Financial Statements



20 AUGUST

NEW ZEALAND GAZETTE

2847

31 March 2003 31 March 2002
$000 $000
(n) Consultancy and legal expenses 143 105
(o) Donations - -
(p) Directors’ fees 97 96
(q) Auditors’ fees:
(i) Audit fees paid to principal auditors 32 28
(ii) Audit fees paid to other auditors - -
(iii) Fees paid for other services provided by principal and other auditors - -
Total Auditors’ fees 32 28
(r) Costs of offering credit:
(i) Bad debts written off 1 5
(ii) Increase in estimated doubtful debts - -
Total cost of offering credit 1 5
(s) Local authority rates expense 115 21
(t) AC loss-rentals (distribution to retailers/customers) expense 449 -
(u) Rebates to consumers due to ownership interest - -
(v) Subvention payments 2 84
(w) Unusual expenses - -
(x) Other expenditure not listed in (a) to (w) 259 273

Total operating expenditure | 21,791 | 20,695 |

Operating surplus before interest and income tax | 1,999 | 2,606 |

Interest expense

| (a) Interest expense on borrowings | 390 | 452 |
| (b) Financing charges related to finance leases | - | - |
| (c) Other interest expense | - | - |

Total interest expense | 390 | 452 |

Operating surplus before income tax | 1,609 | 2,154 |

Income tax | 1,117 | 1,033 |

Net surplus after tax | 492 | 1,121 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 108


Gazette.govt.nz — PDF NZ Gazette 2003, No 108




✨ LLM interpretation of page content

🏭 Financial Statements of The Power Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Expenditure, Line Charges, Interest, Discounts, Transmission Charges, Maintenance, Employee Salaries, Depreciation, Amortisation, Corporate Administration, Marketing, Research and Development