New Zealand Gazette – 2004 – No. 173

Page 4348

✨ Financial Statements



Expenditure (Schedule 1, Part 2)

2004 2003
Corporate and administration: 356,380 333,204
(i) Human resource expenses: 74,578 78,919
(j) Marketing/advertising: 168,591 124,887
(k) Merger and acquisition expenses:
(l) Takeover defence expenses:
(m) Research and development expenses:
(n) Consultancy and legal expenses: 212,311 203,760
(o) Donations:
(p) Directors' fees: 141,420 112,000
(q) Auditors' fees:
(i) Audit fees paid to principal auditors: 40,208 30,400
(ii) Audit fees paid to other auditors: 37,931
(iii) Fees paid for other services provided by principal and other auditors: 15,640
(iv) Total auditors' fees: 78,139 46,040
(r) Costs of offering credit:
(i) Bad debts written off:
(ii) Increase in estimated doubtful debts:
(iii) Total cost of offering credit:
(s) Local authority rates expense:
(t) AC loss-rentals (distribution to retailers/customers) expense: 786,713 454,259
(u) Rebates to consumers due to ownership interest:
(v) Subvention payments:
(w) Unusual expenses: 100,592 145,823
(x) Other expenditure not listed in (a) to (w):
Total operating expenditure 15,073,693 12,864,472

14 Operating surplus before interest and income tax | 5,284,939 | 6,646,165 |

15 Interest expense
| (a) Interest expense on borrowings: | 630,428 | 606,279 |
| (b) Financing charges related to finance leases | | |
| (c) Other interest expense | | |
| (d) Total interest expense | 630,428 | 606,279 |

16 Operating surplus before income tax | 4,654,511 | 6,039,886 |

17 Income tax | 6,495,000 | 1,472,000 |

18 Net surplus/(deficit) after tax | (1,840,489) | 4,567,886 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 173


Gazette.govt.nz — PDF NZ Gazette 2004, No 173




✨ LLM interpretation of page content

🏭 Notes to the Special Purpose Financial Statements for Top Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Operating Expenditure, Transmission Charges, Transfer Payments, Asset Maintenance, Salaries, Depreciation, Amortisation, Electricity Conveyance, Northland