New Zealand Gazette – 2005 – No. 134

Page 3269

✨ Financial Statements

2. Earnings before interest and taxation

Revenue

| | 2005
$'000 | 2004
$'000 |
|-------------------------|------------|------------|
| Invoiced to consumers by electricity retailers | 21,889 | 20,878 |
| Line/access charges | 21,889 | 20,878 |
| AC loss-rental | 437 | 842 |
| Interest | 16 | 17 |
| Other | 471 | 406 |
| Total Revenue | $22,813| $22,143|

After Charging

| | 2005
$'000 | 2004
$'000 |
|-------------------------|------------|------------|
| Audit fees | 27 | 66 |
| Other accountancy services | 120 | 77 |
| Bad Debts | 37 | 26 |
| Change in provision for doubtful debts | - | - |
| Depreciation* | 3,906 | 3,081 |
| Directors fees | 146 | 146 |
| Interest fixed and other| 878 | 919 |
| Loss on sale of property, plant & equipment | 387 | 24 |
| Rental and lease costs | 48 | 31 |

*Depreciation by Category

| | 2005
$'000 | 2004
$'000 |
|-------------------------|------------|------------|
| Land and Buildings | 144 | 56 |
| Distribution Assets | 3,298 | 2,521 |
| Leasehold Improvements | 10 | 13 |
| Plant and equipment | 427 | 459 |
| Vehicles | 27 | 32 |

Customer sales discount

A total of $7.0 million plus GST was credited to customers during the year to 31 March 2005 ($6.92 million plus GST during the year ended 31 March 2004).

VUW Te Waharoa — NZ Gazette 2005, No 134

Gazette.govt.nz — NZ Gazette 2005, No 134

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

✨ LLM interpretation of page content

💰 Earnings before interest and taxation

Domain💰 Finance & Revenue
KeywordsRevenue, Expenses, Financial Statements, Depreciation, Customer Sales Discount

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