✨ Financial Statements
STATEMENT OF FINANCIAL PERFORMANCE (continued)
For the Year Ended 31 March 2004
| Notes | 2004 $000 | 2003 $000 |
|---|
Auditors' fees:
Audit fees paid to principal auditors | 42 | 38 |
Audit fees paid to other auditors | - | - |
Fees paid for other services provided by principal and other auditors | 8 | 9 |
Total auditors' fees | 50 | 47 |
Costs of offering credit:
Bad debts written off | (3) | (3) |
Increase in estimated doubtful debts | - | - |
Total cost of offering credit | (3) | (3) |
Local authority rates expense | 69 | 67 |
AC loss-rentals rebates expense | - | - |
Discount to consumers | 4,000 | 4,001 |
Subvention payments | - | - |
Unusual expenses | - | - |
Other expenditure | 381 | 775 |
Total Operating Expenditure | 17,290 | 15,012 |
Operating Surplus Before Interest and Income Tax | 2,271 | 1,885 |
Interest Expense
Interest expense on borrowings | - | - |
Financing charges related to finance leases | - | - |
Other interest expense | - | 2 |
Total Interest Expense | - | 2 |
Operating Surplus Before Income Tax | 2,271 | 1,883 |
Income Tax | 1,159 | 605 |
Net Surplus After Tax | 1,112 | 1,278 |
STATEMENT OF MOVEMENTS IN EQUITY
For the Year Ended 31 March 2004
| Notes | 2004 $000 | 2003 $000 |
|---|
Equity At Beginning Of Year | 23,984 | 22,946 |
Net Surplus For Year | 1,112 | 1,278 |
Revaluations | 89,819 | - |
Total Recognised Revenues And Expenses For The Period | 90,931 | 1,278 |
Dividend Provided | (150) | - |
Transfer Of Non Lines Assets | 839 | (240) |
Equity At End Of Year | 115,604 | 23,984 |
The accompanying notes form an integral part of these financial statements.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 18
Gazette.govt.nz —
NZ Gazette 2005, No 18
✨ LLM interpretation of page content
🏭
Marlborough Lines Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance, Revenue, Expenditure, Marlborough Lines Limited