✨ Financial Statements Notes
30 NOVEMBER 2005
NEW ZEALAND GAZETTE, No. 200
5065
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2005
4. REMUNERATION OF AUDITORS
| LINES BUSINESS | LINES BUSINESS |
|---|---|
| 2005 | 2004 |
| $'000 | $'000 |
Fees paid or payable to the auditors
As auditor of Transpower and Transpower subsidiaries | 183 | 265
For other services | |
Reporting engagements other than the annual report | 146 | 216
Assistance to internal audit function | 157 | 329
Other assurance-oriented assignments | 268 | 254
Other | 250 | 216
Total | 1,004 | 1,280
Fees paid or payable to the auditors relates to both Ernst & Young and PricewaterhouseCoopers. The Office of the Auditor General appointed SRL O’Connor from Ernst & Young, effective from 28 January 2005, to undertake the audit of Transpower. The amounts paid or payable to PricewaterhouseCoopers relate to work that PricewaterhouseCoopers carried out up to 28 January 2005.
Fees paid or payable to Ernst & Young
As auditor of Transpower and Transpower subsidiaries | 183 | -
For other services | |
Reporting engagements other than the annual report | - | -
Assistance to internal audit function | - | -
Other assurance-oriented assignments | - | -
Other | - | -
Total | 183 | -
Fees paid or payable to PricewaterhouseCoopers
As auditor of Transpower and Transpower subsidiaries | - | 265
For other services | |
Reporting engagements other than the annual report | 146 | 216
Assistance to internal audit function | 157 | 329
Other assurance-oriented assignments | 268 | 254
Other | 250 | 216
Total | 821 | 1,280
5. NET FINANCE COSTS
| 2005 | 2004 | |
|---|---|---|
| $'000 | $'000 | |
| Finance costs | 103,036 | 109,243 |
| Capitalised interest | (3,262) | (2,956) |
| Interest received | (33,933) | (39,238) |
| Net finance costs | 65,841 | 67,049 |
Total operating expenses | 310,091 | 295,381
Net finance costs | 65,841 | 67,049
Total expenses including net financing costs | 375,932 | 362,430
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 200
Gazette.govt.nz —
NZ Gazette 2005, No 200
✨ LLM interpretation of page content
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Notes to the Financial Statements for Transpower New Zealand Limited Lines Business
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Remuneration of Auditors, Net Finance Costs, Transpower, Ernst & Young, PricewaterhouseCoopers
- SRL O’Connor, Auditor appointed by the Office of the Auditor General