New Zealand Gazette – 2005 – No. 133

Page 3244

✨ Financial Statements

THE POWER COMPANY LIMITED LINE BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2005

Operating Revenue

	Group		Parent
	2005	2004	2005	2004
	$000	$000	$000	$000

Operating Revenue Comprises:

Network Charges | 26,242 | 24,119 | 11,750 | 10,648 |
AC Loss Rental Rebates | 553 | 986 | - | 648 |
Interest on Investments | 9 | 20 | 191 | 150 |
Other Revenue | 1,196 | 989 | 1,071 | 915 |

Total Operating Revenue | 28,000 | 26,114 | 13,012 | 11,713 |

Operating Expenses

Operating Expenses Include:

Auditors Remuneration:
- Statutory Audit | 28 | 33 | 20 | 25 |
- Other | 17 | 19 | 17 | 19 |
Bad Debts Written Off | 4 | 8 | - | - |
Depreciation:
- Office Equipment | 202 | 357 | 9 | 1 |
- Network | 9,379 | 7,176 | 9,379 | 7,176 |
- Buildings | 16 | 22 | - | - |
- Plant & Equipment | 110 | 118 | - | - |
Directors' Fees | 112 | 107 | 70 | 71 |
Interest Expense | 22 | 68 | - | - |
Lease Costs | - | - | - | - |
Loss on Disposal of Fixed Assets | 242 | 259 | 238 | 258 |

Equity

	Group		Parent
	2005	2004	2005	2004
	$000	$000	$000	$000

Capital Reserve | 28,847 | 28,847 | 28,847 | 28,847 |
Asset Revaluation Reserve (see below) | 161,093 | 160,934 | 161,093 | 160,934 |
Retained Earnings | 18,797 | 18,225 | 17,813 | 17,718 |

Total Equity | 208,737 | 208,006 | 207,753 | 207,499 |

Asset Revaluation Reserve

Opening Balance | 160,934 | 110,489 | 160,934 | 110,489 |
Revaluation in the Year | 159 | 50,445 | 159 | 50,445 |

Closing Balance | 161,093 | 160,934 | 161,093 | 160,934 |

Receivables and Prepayments

	Group		Parent
	2005	2004	2005	2004
	$000	$000	$000	$000

Trade Debtors | 2,529 | 2,471 | 563 | 988 |
Prepayments | 140 | 47 | 43 | 2 |

Total Receivables and Prepayments | 2,669 | 2,518 | 606 | 990 |

VUW Te Waharoa — NZ Gazette 2005, No 133

Gazette.govt.nz — NZ Gazette 2005, No 133

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

✨ LLM interpretation of page content

🏭 Accounting Policies for Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsAccounting Policies, Financial Statements, Financial Instruments, Operating Leases, Foreign Currency, Employee Entitlements

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