✨ Financial Statements
Buller Electricity Limited
Line Business Financial Statements
| 2004 | 2003 | |
|---|---|---|
| $ | $ | |
| (u) Rebates to customers due to ownership interest | 0 | 0 |
| (v) Subvention payments | 0 | 0 |
| (w) Unusual expenses | 0 | 0 |
| (x) Other expenditure not listed in (a) to (w) | 0 | 87,115 |
13 Total operating expenditure | 4,200,778 | 4,098,579 |
14 Operating surplus before interest and income tax | 1,247,639 | 893,666 |
15 Interest |
| (a) Interest expense on borrowings | 65,635 | 0 |
| (b) Financing charges related to finance leases | 0 | 0 |
| (c) Other interest expense | 0 | 0 |
| (d) Total interest expense | 65,635 | 0 |
16 Operating surplus before income tax | 1,182,004 | 893,666 |
17 Income Tax | 334,748 | 275,899 |
18 Net surplus after tax | 847,256 | 617,767 |
19 Annual Valuation Reconciliation Report for the year ending 31 March 2004
System fixed assets at ODV – end of the previous financial year | 13,592,610 | 13,182,273 |
Add system fixed assets acquired during the year at ODV | 4,545,747 | 852,857 |
Less system fixed assets disposed of during the year at ODV | 0 | (143,232)|
Less depreciation on system fixed assets at ODV | (365,360) | (299,288) |
Add revaluations of system fixed assets at 31st March 2004 | 880,441 | 0 |
Equals system fixed assets at ODV – end of financial year | 18,653,438 | 13,592,610 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 14
Gazette.govt.nz —
NZ Gazette 2005, No 14
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Buller Electricity Limited Line Business Financial Statements
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