✨ Financial Statements
Buller Electricity Limited
Line Business Financial Statements
| 2005 $ | |
|---|---|
| (u) Rebates to customers due to ownership interest | 0 |
| (v) Subvention payments | 0 |
| (w) Unusual expenses | 0 |
| (x) Other expenditure not listed in (a) to (w) | 0 |
13 Total operating expenditure | 4,402,919 | 4,200,778
14 Operating surplus before interest and income tax | 671,629 | 1,247,639
| 2005 $ | |
|---|---|
| 15 Interest | |
| (a) Interest expense on borrowings | 209,048 |
| (b) Financing charges related to finance leases | 0 |
| (c) Other interest expense | 0 |
| (d) Total interest expense | 209,048 |
16 Operating surplus before income tax | 462,581 | 1,182,004
17 Income Tax | (36,000) | 334,748
18 Net surplus after tax | 498,581 | 847,256
19 Annual Valuation Reconciliation Report for the year ending 31 March 2005
System fixed assets at ODV – end of the previous financial year | 18,653,438 | 13,592,610
Add system fixed assets acquired during the year at ODV | 2,193,435 | 4,545,747
Less depreciation on system fixed assets at ODV | (718,228) | (365,360)
Add revaluations of system fixed assets at 31st March 2004 | 0 | 880,441
Equals system fixed assets at ODV – end of financial year | 20,128,645 | 18,653,438
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 122
Gazette.govt.nz —
NZ Gazette 2005, No 122
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Buller Electricity Limited Line Business Financial Statements
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