✨ Financial Statements
2510 NEW ZEALAND GAZETTE No. 95
Notes to the financial statements (continued)
For the year ended 31 March 2003
| 2003 | |
|---|---|
| $'000 |
| 2002 | |
|---|---|
| $'000 |
3) Operating Expenditure (continued)
(k) Merger and acquisition expenses | - | 2
(l) Takeover defense expenses | - | -
(m) Research and development expenses | - | -
(n) Consultancy and legal expenses | 544 | 698
(o) Donations | - | -
(p) Directors’ fees | 130 | 133
(q) Auditors’ fees:
(i) audit fees paid to principal auditors | 30 | 30
(ii) audit fees paid to other auditors | - | -
(iii) fees paid for other services provided by principal and other auditors | - | -
(iv) Total auditors fees | 30 | 30
(r) Costs of offering credit
(i) Bad debts written off | 31 | 2
(ii) Increase in estimated doubtful debts | (1) | -
(iii) Total cost of offering credit | 30 | 2
(s) Local authority rates | 14 | 6
(t) AC loss-rentals (distribution to retailers/customers) expense | - | -
(u) Rebates to consumers due to ownership interest | - | -
(v) Subvention payments | - | -
(w) Unusual expenses | - | -
(x) Other expenditure not listed in (a) to (w) | 160 | 122
Total operating expenditure | 14,002| 16,242
4) Interest expense
a) Interest expense on borrowings | 2,727 | 1,952
b) Financing charges related to finance leases | - | -
c) Other interest expense | - | -
d) Total Interest Expense | 2,727 | 1,952
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 95
Gazette.govt.nz —
NZ Gazette 2003, No 95
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Notes to the financial statements
(continued from previous page)
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