✨ Financial Statements




18 JANUARY 2005 NEW ZEALAND GAZETTE, No. 12

257

Scanpower Limited

Notes to the Financial Statements

For the Year Ended 31 March 2004


Note 1. (i) Operating Revenue

2004 2003
$'000 $'000

OPERATING REVENUE

Network line rentals | 5,001 | 5,000 |
AC loss-rental rebates | 156 | 108 |
Interest income | 108 | 67 |

Total revenue | 5,265 | 5,175 |


Note 1. (ii) Operating Expenses

Audit fees | 36 | 28 |
Auditors fees for other services | 5 | 4 |
Fees paid to other auditors | 12 | 0 |
Bad debts written off | 0 | 0 |

Depreciation:

Distribution assets:
Circuit breakers | 16 | 11 |
Substations | 3 | 3 |
Transformers | 25 | 13 |
Ripple controls | 20 | 27 |
UHF links | 1 | 2 |
Overhead lines | 200 | 142 |
Underground lines | 29 | 21 |
Community lighting | 0 | 1 |

Freehold buildings & fixtures | 1 | 2 |
Motor vehicles | 7 | 9 |
Plant and equipment | 0 | 38 |
Computer equipment | 2 | 2 |

Total Depreciation | 304 | 270 |

Directors remuneration & expenses | 84 | 73 |
Change in provision for doubtful debts | 0 | 0 |
Interest paid | 0 | 0 |
Loss on sale of assets | 0 | 0 |
Network discounts | 1,819 | 1,810 |
Cost of sales & operating expenses | 2,556 | 2,707 |

Total Operating Expenses | 4,816 | 4,893 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 12


Gazette.govt.nz PDF NZ Gazette 2005, No 12





✨ LLM interpretation of page content

πŸ’° Statement of Significant Accounting Policies for Scanpower Limited (continued from previous page)

πŸ’° Finance & Revenue
Accounting Policies, Financial Statements, Depreciation, Employee Entitlements, Financial Instruments, Cash Flows, Accounting Changes