New Zealand Gazette – 2003 – No. 135

Page 3640

✨ Financial Statements



STATEMENT OF FINANCIAL PERFORMANCE (continued)

For the Year Ended 31 March 2003

| Notes | 2003
$000 | 2002
$000 |
|-------|-----------|----------|

Auditors’ fees:
Audit fees paid to principal auditors | 67 | 26 |
Audit fees paid to other auditors | - | - |
Fees paid for other services provided by principal and other auditors | 9 | 9 |
Total auditors’ fees | 76 | 35 |

Costs of offering credit:
Bad debts written off | (3) | 26 |
Increase in estimated doubtful debts | - | - |
Total cost of offering credit | (3) | 26 |

Local authority rates expense | 93 | 57 |
AC loss-rentals rebates expense | - | - |
Discount to consumers | 4,001 | 4,999 |
Subvention payments | - | - |
Unusual expenses | - | - |
Other expenditure | 814 | 1,281 |

Total Operating Expenditure | 23,687 | 16,114 |

Operating Surplus Before Interest and Income Tax | 3,259 | (481) |

Interest Expense

Interest expense on borrowings | 1,143 | - |
Financing charges related to finance leases | - | - |
Other interest expense | 18 | 24 |
Total Interest Expense | 1,161 | 24 |

Operating Surplus Before Income Tax | 2,098 | (505) |
Income Tax | 754 | (161) |
Net Surplus After Tax | 1,344 | (344) |

STATEMENT OF MOVEMENTS IN EQUITY

For the Year Ended 31 March 2003

| Notes | 2003
$000 | 2002
$000 |
|-------|-----------|-----------|

Equity At Beginning Of Year | 22,946 | 23,364 |
Net Surplus For Year | 1,344 | (344) |
Less Minority Interest Share of Profits | 3 | (989) |
Less Dividend | - | - |
Total Recognised Revenues And Expenses For The Period | 355 | (344) |

Movements in Minority Interests | 3 | 52,733 |
Contributions from Owners | 3,4 | 28,235 |
Removal Of Non Lines Assets | - | (240) |

Equity At End Of Year | 104,029 | 22,946 |



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 135


Gazette.govt.nz — PDF NZ Gazette 2003, No 135




✨ LLM interpretation of page content

🏗️ Marlborough Lines Limited Financial Statements (continued from previous page)

🏗️ Infrastructure & Public Works
Financial Statements, Operating Revenue, Operating Expenditure, Electricity, Information Disclosure, Marlborough Lines Limited