New Zealand Gazette – 2003 – No. 121

Page 3297

✨ Financial Statements Disclosure



DISCLOSURE OF INFORMATION RELATING TO FINANCIAL STATEMENTS UNDER REGULATION 6 OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1999, SCHEDULE 1 PART 2

Continued

2003 2002 2001
$000's $000's $000's

12. Operating Expenditure continued

(g) Amortisation of:-

  • (i) Goodwill
  • (ii) Other intangibles
  • (iii) Total amortisation of intangibles (sum of (i) and (ii))

(h) Corporation and Administration

  • (i) Human Resources Expenses | 535 | 705 | 706 |
  • (j) Marketing/Advertising | 108 | 295 | 153 |
  • (k) Merger and Acquisition Expenses
  • (l) Takeover Defence Expenses

(m) Research and Development Expenses | 24 | 23 | 7 |

(n) Consultancy and Legal Expenses | 176 | 190 | 108 |

(o) Donations

(p) Directors' Fees | 84 | 82 | 76 |

(q) Auditors' Fees

  • (i) Audit fees paid to principal auditors | 12 | 12 | 15 |
  • (ii) Audit fees paid to other auditors
  • (iii) Fees paid for other services provided by principal and other auditors | 3 | 3 | 3 |
  • (iv) Total auditors' fees (sum of (i) to (iii)) | 15 | 15 | 18 |

(r) Cost of Offering Credit

  • (i) Bad debts written off
  • (ii) Increase in estimated doubtful debts
  • (iii) Total cost of offering credit (sum of (i) to (ii)) | 18 | 19 | - |

(s) Local Authority Rates Expense

(t) AC Loss-Rental Rebates (Distribution to Retailers/Customers) expense | 857 | 1,609 | 1,562 |

  • (i) Rebates to Consumers Due to Ownership Interest
  • (v) Subvention Payments

(w) Unusual Expenses

(x) Other Expenditure Not Listed in (a) to (w)

13. Total Operating Expenditure (sum of 12 (a) to 12 (x)) | 21,529 | 22,060 | 21,463 |

14. Operating Surplus Before Interest and Income Tax | 8,802 | 7,369 | 6,959 |

15. Interest Expense

(a) Interest expense on borrowings | 3 | 23 | 4 |
(b) Financing charges related to finance leases
(c) Other interest expense
(d) Total Interest Expense (sum of (a) to (c)) | 3 | 23 | 4 |

16. Operating Surplus Before Income Tax (14 - 15 (d)) | 8,799 | 7,346 | 6,955 |

17. Income Tax | (2,322) | (2,414) | (2,231) |

18. Net Surplus After Tax (16 - 17) | 6,477 | 4,932 | 4,724 |

Note: Items 11 (a) and 12 (t) have been amended since last year’s disclosure.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 121


Gazette.govt.nz — PDF NZ Gazette 2003, No 121




✨ LLM interpretation of page content

🌾 Disclosure of Financial Statements under Electricity Regulations (continued from previous page)

🌾 Primary Industries & Resources
Financial Statements, Electricity, Operating Expenditure, Revenue, Expenditure, Amortisation, Fees, Tax, Surplus