✨ Financial Statements and Performance Measures
WESTPOWER LIMITED - LINES BUSINESS
| | 2003
$ '000 | 2002
$ '000 |
|----------------|----------------|----------------|
| (h) Corporate and administration | 742 | 767 |
| (i) Human resource expenses | | |
| (j) Marketing and advertising | | |
| (k) Merger and acquisition expenses | | |
| (l) Takeover defence expenses | | |
| (m) Research and development expenses | | |
| (n) Consultancy and legal expenses | 251 | 225 |
| (o) Donations | | |
| (p) Directors fees | 37 | 35 |
| (q) Audit fees | | |
| (i) Audit fees paid to principal auditors | 24 | 28 |
| (ii) Audit fees paid to other auditors | 5 | 12 |
| (iii) Fees paid for other services provided by auditors | | |
| (iv) Total auditors fees | 29 | 40 |
| (r) Costs of offering credit | | |
| (i) Bad debts written off | | |
| (ii) Increase in estimated doubtful debts | | |
| (iii) Total costs of offering credit | | |
| (s) Local authority rates | 46 | 14 |
| (t) AC loss-rental (distribution of) expense | | |
| (u) Rebates to Consumers due to ownership interest | | |
| (v) Subvention payments | | |
| (w) Unusual expenses | | |
| (x) Other expenditure not listed in (a) to (w) | 562 | 293 |
13 Total operating expenditure | 7,934 | 7,276 |
14 Operating surplus before interest and income tax | 6,938 | 4,677 |
15 Interest |
| (a) Interest expense on borrowings | 451 | 746 |
| (b) Financing charges related to finance leases | | |
| (c) Other interest expense | | |
| (d) Total interest expense | 451 | 746 |
16 Operating surplus before income tax | 6,487 | 3,931 |
17 Income Tax | 1,216 | 985 |
18 Net Surplus after tax | 5,271 | 2,946 |
PERFORMANCE MEASURES
Disclosure of financial performance measures and efficiency performance measures under Regulation 15 of the Electricity (Information Disclosure) Regulations 1999 as amended.
| 2003 | 2002 | 2001 | 2000 | |
|---|---|---|---|---|
| 1 Financial performance measures | ||||
| (a) Return on funds | 13.02% | 9.49% | 8.56% | 4.64% |
| (b) Return on equity | 10.31% | 6.69% | 5.74% | 2.22% |
| (c) Return on investment | 8.76% | 7.93% | -0.33% | 3.19% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 127
Gazette.govt.nz —
NZ Gazette 2003, No 127
✨ LLM interpretation of page content
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Westpower Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & Industry29 August 2003
Financial Statements, Cash Flows, Operating Activities, Depreciation, Working Capital, ODV Reconciliation, Commerce Commission
🏭 Performance Measures for Westpower Limited
🏭 Trade, Customs & IndustryFinancial Performance, Return on Funds, Return on Equity, Return on Investment, Electricity Information Disclosure