✨ Financial Statements Notes
UNISON NETWORKS - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2003
25 FURTHER INFORMATION CONTINUED
The following information is required to be disclosed in the financial statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999.
| | 2003
$000 | 2002
$000 |
|---|---|
| (g) Auditors' fees: | |
| (i) Audit fees paid to principal auditors. | 41 | 23 |
| (ii) Audit fees paid to other auditors. | 0 | 0 |
| (iii) Fees paid for other services provided by principal and other auditors. | 0 | 4 |
| (iv) Total auditors' fees: | 41 | 27 |
| (r) Costs of offering credit: | |
| (i) Bad debts written off: | 146 | 40 |
| (ii) Increase in estimated doubtful debts: | 0 | 11 |
| (iii) Total cost of offering credit: | 146 | 51 |
| (s) Local authority rates expense. | 83 | 68 |
| (t) AC loss-rentals (distribution to retailers/customers) expense: | |
| (i) Rebates to consumers due to ownership interest. | 4,691 | 2,512 |
| (ii) Subvention payments: | 3,461 | 7,670 |
| (v) Unusual expenses. | 0 | 0 |
| (w) Other expenditure not listed in (a) to (w). | 278 | 40 |
| (x) | 7,919 | 10,916 |
Total operating expenditure | 43,388 | 39,619 |
Operating surplus before interest and income tax | 9,525 | 775 |
Interest expense
| | 2003
$000 | 2002
$000 |
|---|---|
| (a) Interest expense on borrowings. | 5,859 | 0 |
| (b) Financing charges related to finance leases. | 0 | 0 |
| (c) Other interest expense. | 0 | 60 |
| (d) Total interest expense | 5,859 | 60 |
Operating surplus before income tax | 3,666 | 715 |
Income tax | (444) | (494) |
Net Surplus after Tax | 4,110 | 1,205 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 122
Gazette.govt.nz —
NZ Gazette 2003, No 122
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