New Zealand Gazette – 2005 – No. 115

Page 2768

✨ Financial Statements



2768 NEW ZEALAND GAZETTE, No. 115 3 AUGUST 2005

2005 $ 2004 $
d) Employee Salaries and Redundancies 1,628,604 1,497,123
e) Consumer billing and information system expense 76,845 0
f) Depreciation on-
   i) System fixed assets 3,754,700 3,093,161
   ii) Other system assets not listed in (i) 436,524 382,727
Total Depreciation 4,191,224 3,475,888
g) Amortised of-
   i) Goodwill 0 0
   ii) Other Tangibles 0 0
   iii) Total amortisation of Intangibles 0 0
h) Corporate and Administration 350,437 320,465
i) Human Resource expenses 19,003 17,250
j) Marketing and advertising 34,077 35,031
k) Merger and acquisition expenses 0 0
l) Takeover defence expense 0 0
m) Research and development expenses 0 0
n) Consultancy and legal expenses 77,571 40,420
o) Donations 0 0
p) Directors fees 93,988 185,344
q) Auditors fees-
   i) Audit fees paid to principal auditors 19,113 17,823
   ii) Audit fees paid to other auditors 24,247 16,069
   iii) Fees paid for other services provided by principal and other auditors 0 0
   iv) Total auditors fees 43,360 33,892
r) Cost of offering credit-
   i) Bad debts written off 0 16,899
   ii) Increase in estimated doubtful debts 0 0
   iii) Total cost of offering credit 0 16,899
s) Local Authority rate expense 149,301 88,826
t) AC loss - rental rebates (distribution to retailers) expense 0 0
u) Rebates to customers due to ownership interest 2,811,832 0
v) Subvention payments 0 0
w) Unusual expenses 0 0
x) Other expenditure not listed in (a to w) 249,937 174,489
Total Operating Expenditure 16,283,844 12,038,684

Operating surplus before interest and income tax | 4,338,735 | 7,768,041 |

| Interest Expense | | |
| a) Interest expense on borrowings | 1,000,244 | 989,138 |
| b) Financing charges related to finance lease | 0 | 0 |
| c) Other interest expense not listed in (a to b) | 42,920 | 0 |
| d) Total interest expense | 1,043,164 | 989,138 |

Operating surplus before income tax | 3,295,571 | 6,778,903 |

| Income Tax | 2,042,512 | 2,768,421 |

Net Surplus after tax | $1,253,059 | $4,010,482 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 115


Gazette.govt.nz — PDF NZ Gazette 2005, No 115




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Electricity Ashburton Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Accounting policies, Revenue, Depreciation, Income taxation, Asset valuation, Electricity, Ashburton