✨ Financial Statements
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2004
| | 2004
($000) | 2003
($000) |
|----------------|-----------|-----------|
2. Operating revenue
Continuing activities
Trading revenue
Line revenue (net of discounts) | 21,273 | 21,043
Customer contributions | 2,078 | 2,279
Gain on sale of assets | 0 | 17
Other revenue | 1,366 | 963
Non-recurring income | 940 | 0
Investment revenue
Interest income | 607 | 805
Total operating revenue from continuing activities | 26,264 | 25,107
3. Operating expenses
Operating expenses include:
Depreciation of property, plant & equipment
Primary distribution assets | 100 | 89
Secondary distribution assets | 2,236 | 2,145
Substation assets | 223 | 204
Lead control plant | 132 | 130
Streetlights | 4 | 5
Consumer connections | 66 | 66
Communications | 47 | 2
Plant and equipment | 132 | 110
Computer equipment | 186 | 217
Motor vehicles | 27 | 22
Total depreciation of property, plant & equipment | 3,153 | 2,990
Auditors’ fees
Audit fees | 24 | 24
Other remuneration paid to auditor | 0 | 0
Costs of offering credit
Bad debts written off | 19 | 3
Change in provision for doubtful debts | (2) | 3
Governance expenses
Directors’ fees | 129 | 129
Donations | 2 | 1
Interest expense | 8 | 15
Impairment loss to property, plant & equipment | 72 | 0
Rental and operating lease costs | 266 | 263
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 165
Gazette.govt.nz —
NZ Gazette 2004, No 165
✨ LLM interpretation of page content
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Network Tasman Limited Line Business Financial Statements
(continued from previous page)
💰 Finance & Revenue1 December 2004
Financial Statements, Operating Revenue, Trading Revenue, Investment Revenue, Operating Expenses, Depreciation, Auditors’ Fees, Governance Expenses