New Zealand Gazette – 2005 – No. 143

Page 3504

✨ Financial Statements



UNISON NETWORKS - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2005

23 MANDATORY SPECIFIC DISCLOSURE...continued

The following information is required to be disclosed in the financial statements under requirement 6 of the Commerce Act Electricity Information Disclosure Requirements 2004.

2005 $'000 2004 $'000
(g) Auditors' fees:
(i) Audit fees paid to principal auditors: 65 27
(ii) Audit fees paid to other auditors: - -
(iii) Fees paid for other services provided by principal and other auditors: - -
(iv) Total auditors' fees: 65 27

| | | |
| (r) Costs of offering credit: | | |
| (i) Bad debts written off: | 5 | 25 |
| (ii) Increase in estimated doubtful debts: | (31) | (60) |
| Total cost of offering credit: | (26) | (35) |

| | | |
| (s) Local authority rates expense: | 88 | 104 |
| (t) AC loss-rentals (distribution to retailers/customers) expense: | 2,775 | 2,634 |
| (u) Rebates to consumers due to ownership interest: | - | 35 |
| (v) Subvention payments: | - | - |
| (w) Unusual expenses: | - | - |
| (x) Other expenditure not listed in (a) to (w) | 2,058 | 798 |
| Other expenditure: | 4,925 | 3,571 |

| Total operating expenditure | 58,072 | 52,393 |

| Operating surplus before interest and income tax | 34,826 | 23,064 |

| Interest expense | | |
| (a) Interest expense on borrowings | 12,787 | 13,701 |
| (b) Financing charges related to finance leases | - | - |
| (c) Other interest expense | - | - |
| Total interest expense | 12,787 | 13,701 |

| Operating surplus before income tax | 22,039 | 9,363 |

| Income tax | 3,339 | (1,614) |

| Net Surplus after Tax | 18,700 | 10,977 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 143


Gazette.govt.nz — PDF NZ Gazette 2005, No 143




✨ LLM interpretation of page content

🏭 Unison Networks Limited - Notes to Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial reporting, Operating revenue, Operating expenditure, Depreciation, Amortisation, Corporate administration