New Zealand Gazette – 2005 – No. 150

Page 3677

✨ Financial Statements



31 AUGUST 2005
NEW ZEALAND GAZETTE, No. 150
3677

Scanpower Limited
Notes to the Financial Statements
For the Year Ended 31 March 2005

Note 1. (i)
Operating Revenue

OPERATING REVENUE 2005 2004
Network line rentals 5,832 5,001
AC loss-rental rebates 98 156
Interest income 204 108
Total revenue 6,134 5,265

Note 1. (ii)
Operating Expenses

Audit fees 37 36
Auditors fees for other services 5 5
Fees paid to other auditors 38 12
Bad debts written off 0 0

Depreciation:

Distribution assets:*
Lines 472 179
Transformers 82 31
Substations 19 7
Switchgear 71 27
Air break switches 17 7
Customer connections 55 21
Circuit breakers 17 6
Sectionalisers 3 1
Ring main unit 1 0
Voltage regulators 3 1
Non standard assets 34 14

Freehold buildings & fixtures 1 1
Motor vehicles 11 7
Computer equipment 4 2

Total Depreciation 790 304
Directors remuneration & expenses 84 84
Change in provision for doubtful debts 0 0
Interest paid 0 0
Loss on sale of assets 55 0
Network discounts 2,181 1,819
Cost of sales & operating expenses 2,716 2,556
5,906 4,816

  • The 2004 comparative figures for depreciation on distribution assets do not agree to the 2004 Financial Statements because of the re-assessment of distribution asset categories, arising from the revaluation last year.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 150


Gazette.govt.nz — PDF NZ Gazette 2005, No 150




✨ LLM interpretation of page content

🏭 Scanpower Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Operating Expenses, Depreciation, Audit Fees, Network Line Rentals, Interest Income, Distribution Assets, Directors Remuneration, Scanpower Limited