✨ Financial Statements and Performance Measures
WESTPOWER LIMITED - LINES BUSINESS
| | 2005
$ '000 | 2004
$ '000 |
|----------------|-----------------|----------------|
| (h) Corporate and administration | 726 | 840 |
| (i) Human resource expenses | | |
| (j) Marketing and advertising | | |
| (k) Merger and acquisition expenses | | |
| (l) Takeover defence expenses | | |
| (m) Research and development expenses | | |
| (n) Consultancy and legal expenses | 381 | 105 |
| (o) Donations | | |
| (p) Directors fees | 58 | 52 |
| (q) Audit fees | | |
| (i) Audit fees paid to principal auditors | 40 | 34 |
| (ii) Audit fees paid to other auditors | | |
| (iii) Fees paid for other services provided by auditors | |
| (iv) Total auditors fees | 40 | 34 |
| (r) Costs of offering credit | | |
| (i) Bad debts written off | | |
| (ii) Increase in estimated doubtful debts | | |
| (iii) Total costs of offering credit | | |
| (s) Local authority rates | 55 | 50 |
| (t) AC loss-rental (distribution of) expense | 174 | 272 |
| (u) Rebates to Consumers due to ownership interest | | |
| (v) Subvention payments | | |
| (w) Unusual expenses | | |
| (x) Other expenditure not listed in (a) to (w) | 552 | 201 |
13 Total operating expenditure | 9,277 | 8,706 |
14 Operating surplus before interest and income tax | 4,452 | 3,900 |
15 Interest
(a) Interest expense on borrowings | 257 | 251 |
(b) Financing charges related to finance leases | | |
(c) Other interest expense | | |
(d) Total interest expense | 257 | 251 |
16 Operating surplus before income tax | 4,195 | 3,649 |
17 Income Tax | 1,223 | 1,009 |
18 Net Surplus after tax | 2,972 | 2,640 |
PERFORMANCE MEASURES
Disclosure of financial performance measures and efficiency performance measures under Requirement 14 of the Electricity (Information Disclosure) Requirements 2004 Schedule 1 Part 3.
| 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|
| 1 Financial performance measures | ||||
| (a) Return on funds | 6.51% | 6.34% | 13.02% | 9.49% |
| (b) Return on equity | 4.54% | 4.47% | 10.31% | 6.69% |
| (c) Return on investment | 4.59% | 18.36% | 8.76% | 7.93% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 118
Gazette.govt.nz —
NZ Gazette 2005, No 118
✨ LLM interpretation of page content
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Westpower Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Operating Expenditure, Interest, Income Tax, Net Surplus
🏭 Westpower Limited Performance Measures
🏭 Trade, Customs & IndustryPerformance Measures, Return on Funds, Return on Equity, Return on Investment