New Zealand Gazette – 2005 – No. 119

Page 2896

✨ Financial Statements

Network Tasman Limited

Line Business Financial Statements

Notes to and forming part of the financial statements
For the year ended 31 March 2005

| | 2005
$000 | 2004
$000 |
|----------------|----------------|
| 14. Operating surplus before interest and income tax | 8,072 | 8,944 |

15. Interest expense

(a) Interest expense on borrowings | 0 | 0 |
(b) Financing charges related to finance leases | 0 | 0 |
(c) Other interest expense not listed in (a) or (b) | 6 | 8 |
(d) Total interest expense | 6 | 8 |

| | 2005
$000 | 2004
$000 |
|----------------|----------------|
| 16. Operating surplus before income tax | 8,066 | 8,936 |
| 17. Income tax | 2,157 | 2,581 |
| 18. Net surplus after tax | 5,909 | 6,355 |

19. Annual valuation reconciliation report

| System fixed assets at ODV - end of the previous financial year | 108,091 | 73,721 |
| Add system fixed assets acquired during the year at ODV | 9,487 | 9,462 |
| Less system fixed assets disposed of during the year at ODV | 0 | 0 |
| Less depreciation on system fixed assets at ODV | (4,442) | (2,947) |
| Add revaluations of system fixed assets | 0 | 27,855 |
| System fixed assets at ODV - end of the financial year | 113,136 | 108,091 |

VUW Te Waharoa — NZ Gazette 2005, No 119

Gazette.govt.nz — NZ Gazette 2005, No 119

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Network Tasman Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Expenditure, Transmission Charges, Depreciation, Audit Fees

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