✨ Financial Statements
Statement of Financial Performance for the Year Ended 31 March 2004 - Continued
| Note | 2004
$ | 2003
$ |
| --- | --- |
| Costs of offering credit: | | |
| Bad debts written off | 0 | 0 |
| Increase in estimated doubtful debts | 0 | 0 |
| Total cost of offering credit | 0 | 0 |
| Local authority rates expense | 0 | 0 |
| AC loss-rentals (distribution to retailers/customers) expense | 0 | 0 |
| Rebates to consumers due to ownership interest | 0 | 0 |
| Subvention payments | 0 | 0 |
| Unusual expenses | 0 | 0 |
| Other expenditure not listed above | 124,370 | 134,052 |
| Total operating expenditure | 5,855,031 | 6,283,161 |
Operating surplus before interest and income tax | 1,500,347 | 520,813 |
| Interest expense | | |
| Interest expense on borrowings | 0 | 0 |
| Financing charges related to finance leases | 0 | 0 |
| Other interest expense | 0 | 0 |
| Total interest expense | 0 | 0 |
Operating surplus before income tax | 1,500,347 | 520,813 |
| Income tax | 4 | 815,835 | 836,605 |
Net surplus after tax | 684,512 | -315,792 |
Network Waitaki Limited Lines Business
Statement of Movements in Equity for the Year Ended 31 March 2004
| Note | 2004
$ | 2003
$ |
| --- | --- |
| Equity at the Beginning of the Year | 42,509,773 | 42,533,916 |
| Net Surplus (Deficit) for the Period | 684,512 | (315,792) |
| Revaluation | 8,129,113 | 366,649 |
| Total Recognised Revenue and Expenses | 8,813,625 | 50,857 |
| Dividends Paid | 0 | (75,000) |
Equity at the End of the Year | 51,323,398 | 42,509,773 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 21
Gazette.govt.nz —
NZ Gazette 2005, No 21
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Network Waitaki Limited Financial Statements
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🏭 Trade, Customs & Industry23 December 2004
Financial Statements, Electricity Information Disclosure Requirements, Network Waitaki Limited