✨ Financial Statements Notes
146 NEW ZEALAND GAZETTE, No. 7 17 JANUARY 2005
Notes to the financial statements (continued)
For the year ended 31 March 2004
| | 2004
|$'000 | | 2003
| | $'000 |
3) Operating Expenditure (continued)
(k) Merger and acquisition expenses | - | -
(l) Takeover defence expenses | - | -
(m) Research and development expenses | - | -
(n) Consultancy and legal expenses | 384 | 544
(o) Donations | - | -
(p) Directors’ fees | 149 | 130
(q) Auditors’ fees:
(i) audit fees paid to principal auditors | 36 | 30
(ii) fees paid for other services provided by principal and other auditors | - | -
(iv) Total auditors fees | 36 | 30
(r) Costs of offering credit
(i) Bad debts written off | 2 | 31
(ii) Increase in estimated doubtful debts | (2) | (1)
(iii) Total cost of offering credit | - | 30
(s) Local authority rates | 42 | 14
(t) AC loss-rentals (distribution to retailers/customers) expense | - | -
(u) Rebates to consumers due to ownership interest | - | -
(v) Subvention payments | - | -
(w) Unusual expenses | - | -
(x) Other expenditure not listed in (a) to (w) | 213 | 160
Total operating expenditure | 13,851| 14,002
4) Interest Expense
(a) Interest expense on borrowings | 2,748 | 2,727
(b) Financing charges related to finance leases | - | -
(c) Other interest expense | - | -
(d) Total interest expense | 2,748 | 2,727
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 7
Gazette.govt.nz —
NZ Gazette 2005, No 7
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Notes to the financial statements for the year ended 31 March 2004
(continued from previous page)
💰 Finance & RevenueFinancial statements, Operating expenditure, Interest expense, Consultancy fees, Auditors' fees