New Zealand Gazette – 2005 – No. 19

Page 434

✨ Financial Statements



434

NEW ZEALAND GAZETTE, No. 19

19 JANUARY 2005

d) Employee Salaries and Redundancies 1,497,123 1,332,860

e) Consumer billing and information system expense 0 0

f) Depreciation on-
i) System fixed assets 3,093,161 2,918,427
ii) Other system assets not listed in (i) 382,727 307,987
Total Depreciation 3,475,888 3,226,414

g) Amortised of-
i) Goodwill 0 0
ii) Other Tangibles 0 0
iii) Total amortisation of Intangibles 0 0

h) Corporate and Administration 320,465 297,150

i) Human Resource expenses 17,250 19,400

j) Marketing and advertising 35,031 35,077

k) Merger and acquisition expenses 0 0

l) Takeover defence expense 0 0

m) Research and development expenses 0 0

n) Consultancy and legal expenses 40,420 23,774

o) Donations 0 0

p) Directors fees 185,344 170,284

q) Auditors fees-
i) Audit fees paid to principal auditors 17,823 17,260
ii) Audit fees paid to other auditors: 16,069 0
iii) Fees paid for other services provided by principal and other auditors 0 0
iv) Total auditors fees 33,892 17,260

r) Cost of offering credit-
i) Bad debts written off 16,899 3,773
ii) Increase in estimated doubtful debts 0 0
iii) Total cost of offering credit 16,899 3,773

s) Local Authority rate expense 88,626 84,781

t) AC loss - rental rebates (distribution to retailers) expense 0 0

u) Rebates to customers due to ownership interest 0 2,936,582

v) Subvention payments 0 0

w) Unusual expenses 0 0

x) Other expenditure not listed in (a to x) 174,489 61,999
Total Operating Expenditure 12,038,684 14,529,652

Operating surplus before interest and income tax 7,768,041 2,657,385

Interest Expense
a) Interest expense on borrowings 989,138 940,203
b) Financing charges related to finance lease 0 0
c) Other interest expense not listed in (a to b) 0 775
d) Total interest expense 989,138 940,978

Operating surplus before income tax 6,778,903 1,716,407

Income Tax 2,768,421 1,373,171

Net Surplus after tax $4,010,482 $343,236



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 19


Gazette.govt.nz — PDF NZ Gazette 2005, No 19




✨ LLM interpretation of page content

🏭 Electricity Ashburton Ltd Notes to Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Accounting Policies, Revenue, Operating Expenditure, Ashburton