✨ Financial Statements
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2003
4. REMUNERATION OF AUDITORS
| LINES BUSINESS 2003 | LINES BUSINESS 2002 | |
|---|---|---|
| $000 | $000 | |
| Fees paid or payable to PricewaterhouseCoopers | ||
| As auditor of Transpower and Transpower subsidiaries | 207 | 187 |
| For other services | ||
| Reporting Engagements other than the annual report | 58 | 111 |
| Assistance to Internal Audit function | 272 | 273 |
| Other Assurance-oriented assignments | 237 | 260 |
| Other | 273 | 822 |
| Total | 1,047 | 1,653 |
5. NET FINANCE COSTS
| 2003 | 2002 | |
|---|---|---|
| $000 | $000 | |
| Finance costs | 86,013 | 91,015 |
| Capitalised interest | (3,179) | (3,424) |
| Interest received | (14,120) | (6,055) |
| Net finance costs | 78,714 | 81,536 |
| Total operating expenses | 294,557 | 291,446 |
| Net finance costs | 78,714 | 81,536 |
| Total expenses including net financing costs | 373,271 | 372,982 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 162
Gazette.govt.nz —
NZ Gazette 2003, No 162
✨ LLM interpretation of page content
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Transpower New Zealand Limited Lines Business Notes to the Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Operating expenses, Depreciation, Employee salaries, Transfer payments, Depreciation of system assets, Cost of offering credit, Auditor fees, Net finance costs