New Zealand Gazette – 2005 – No. 138

Page 3341

✨ Financial Statements



STATEMENT OF FINANCIAL PERFORMANCE (continued)

For the Year Ended 31 March 2005

| Notes | 2005
$000 | 2004
$000 |
|-------|---------------|---------------|

Auditors' fees:
Audit fees paid to principal auditors | 35 | 42 |
Audit fees paid to other auditors | - | - |
Fees paid for other services provided by principal and other auditors | 8 | 8 |
Total auditors' fees | 43 | 50 |

Costs of offering credit:
Bad debts written off | - | (3) |
Increase in estimated doubtful debts | 1 | - |
Total cost of offering credit | 1 | (3) |

Local authority rates expense | 61 | 69 |
AC loss-rentals rebates expense | - | - |
Discount to consumers | 4,100 | 4,000 |
Subvention payments | - | - |
Unusual expenses | - | - |
Other expenditure | 532 | 381 |
Total Operating Expenditure | 18,801 | 17,290 |

Operating Surplus Before Interest And Income Tax | 3,158 | 2,271 |

Interest Expense
Interest expense on borrowings | - | - |
Financing charges related to finance leases | - | - |
Other interest expense | 1 | - |
Total Interest Expense | 1 | - |

Operating Surplus Before Income Tax | 3,157 | 2,271 |

Income Tax | 3 | 1,376 | 1,159 |
Net Surplus After Tax | 1,781 | 1,112 |

STATEMENT OF MOVEMENTS IN EQUITY

For the Year Ended 31 March 2005

| Notes | 2005
$000 | 2004
$000 |
|-------|---------------|---------------|

Equity At Beginning Of Year | 115,604 | 23,984 |

Net Surplus For Year | 1,781 | 1,112 |
Revaluations | 6 | 89,819 |

Total Recognised Revenues And Expenses For The Period | 1,781 | 90,931 |

Dividend Provided | (150) | (150) |
Transfer Of Non-Lines Assets | - | 839 |
Equity At End Of Year | 117,235 | 115,604 |

The accompanying notes form an integral part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 138


Gazette.govt.nz — PDF NZ Gazette 2005, No 138




✨ LLM interpretation of page content

🏭 Disclosure Information for Marlborough Lines Limited (continued from previous page)

🏭 Trade, Customs & Industry
Marlborough Lines Limited, Financial Statements, Operating Revenue, Operating Expenditure, Auditors' fees, Costs of offering credit, Local authority rates, Discount to consumers, Interest Expense, Income Tax, Net Surplus After Tax, Equity At Beginning Of Year, Revaluations, Dividend Provided, Transfer Of Non-Lines Assets