New Zealand Gazette – 2006 – No. 131

Page 3772

✨ Financial Statements

THE POWER COMPANY LIMITED LINE BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2006

Operating Revenue

	Group		Parent
	2006	2005	2006	2005
	$000	$000	$000	$000

Operating Revenue Comprises:

Network Charges | 26,474 | 26,242 | 12,302 | 11,750 |
AC Loss Rental Rebates | 1,191 | 553 | - | - |
Interest on Investments | - | 9 | 215 | 191 |
Other Revenue | 1,725 | 1,196 | 1,578 | 1,071 |

Total Operating Revenue | 29,390 | 28,000 | 14,095 | 13,012 |

Operating Expenses

Operating Expenses Include:

Auditors Remuneration:
- Statutory Audit | 31 | 28 | 17 | 20 |
- Other | 29 | 17 | 29 | 17 |
Bad Debts Written Off | 5 | 4 | - | - |
Depreciation:
- Office Equipment | 167 | 202 | 1 | 9 |
- Network | 9,484 | 9,379 | 9,484 | 9,379 |
- Buildings | 8 | 16 | - | - |
- Plant & Equipment | 86 | 110 | - | - |
Directors’ Fees | 132 | 112 | 82 | 70 |
Interest Expense | 53 | 22 | - | - |
Loss on Disposal of Fixed Assets | 239 | 242 | 238 | 238 |

Equity

	Group		Parent
	2006	2005	2006	2005
	$000	$000	$000	$000

Capital Reserve | 28,847 | 28,847 | 28,847 | 28,847 |
Asset Revaluation Reserve (see below) | 161,093 | 161,093 | 161,093 | 161,093 |
Retained Earnings | 19,983 | 18,797 | 18,956 | 17,813 |

Total Equity | 209,923| 208,737| 208,896| 207,753|

Asset Revaluation Reserve

Opening Balance | 161,093 | 160,934 | 161,093 | 160,934 |
Revaluation in the Year| - | 159 | - | 159 |

Closing Balance | 161,093| 161,093| 161,093| 161,093|

Receivables and Prepayments

	Group		Parent
	2006	2005	2006	2005
	$000	$000	$000	$000

Trade Debtors | 3,050 | 2,529 | 1,243 | 563 |
Prepayments | 149 | 140 | 58 | 43 |

Total Receivables and Prepayments | 3,199 | 2,669 | 1,301 | 606 |

VUW Te Waharoa — NZ Gazette 2006, No 131

Gazette.govt.nz — NZ Gazette 2006, No 131

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Notes to Financial Statements for The Power Company Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Instruments, Operating Revenue, Operating Expenses, Equity, Receivables, Prepayments, The Power Company Limited

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