New Zealand Gazette – 2003 – No. 54

Page 1409

✨ Financial Statements



23 MAY
NEW ZEALAND GAZETTE
1409

2.3 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
(con't)

2002 ($000) 2001 ($000)
2 Revenue includes
Interest income - 94
Revenue was derived from:
Continuing activities 45,088 34,008
Discontinued activities 23,281 27,272
3 Surplus from operations before interest and tax
EBIT from continuing activities 21,965 18,446
EBIT from discontinued activities 13,765 18,474
After crediting:
Gain on sale of central gas business 7,028 -

Income from non recurring event – sale of central gas businesses
On 31 October 2002 the company sold and settlement was made for its central gas assets. The purchaser was PowerCo Limited. The details of the transaction are as follows:
Proceeds from sale of central gas assets 217,850 -
Less: Net book value of assets sold (210,418) -
Profit on sale of assets at net book value 7,432 -
Professional fees (404) -
Net gain on non-recurring item before tax 7,028 -

Expenses include
Audit Fees | 52 | 53
Other fees paid to auditors | - | -
Net interest and financing fees on loans | 36,689 | 41,409
Depreciation | |

  • Distribution | 6,924 | 7,660
  • Plant, vehicles and equipment | 296 | 413
  • Buildings | - | 1
    Directors’ Fees | - | -
    Donations | - | -
    Bad debts (recovered)/written off | (189) | 16
    Increase in doubtful debts provision | 143 | 48
    Lease and rental | 83 | 36
    Amortisation of goodwill | 70 | 75
    Amortisation of identifiable intangibles | 13,888 | 7,117


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 54


Gazette.govt.nz — PDF NZ Gazette 2003, No 54




✨ LLM interpretation of page content

🏭 UnitedNetworks Limited Gas Information Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
14 May 2003
Financial Statements, Revenue, Surplus, EBIT, Asset Sale, Professional Fees, Interest, Depreciation, Directors’ Fees, Donations, Bad Debts, Lease, Amortisation, Goodwill, Intangibles