✨ Financial Statements
NETWORK WAITAKI LIMITED LINES BUSINESS
Statement of Financial Performance for the Year Ended 31 March 2006 - Continued
Schedule 1 Part 2
| Reference | Note | 2006 $ |
|---|---|---|
| 2005 $ |
Costs of offering credit
12i. Bad debts written off | | 1,846 | 0
12ii. Increase in estimated doubtful debts | | 0 | 0
12iii. Total cost of offering credit | | 1,846 | 0
12 Other expenditure not elsewhere included
12x Local authority rates expense | | 62,260 | 63,763
12i AC loss-rentals (distribution to retailers/customers) expense | | 0 | 0
12u Rebates to consumers due to ownership interest | | 0 | 0
12v Subvention payments | | 0 | 0
12w Unusual expenses | | 0 | 0
12x Other expenditure not listed above | | 67,651 | 67,457
13 Total operating expenditure | | 7,236,548 | 6,791,681
14 Operating surplus before interest and income tax | | 2,101,574 | 1,084,547
Interest expense
15a Interest expense on borrowings | | 0 | 0
15b Financing charges related to finance leases | | 0 | 0
15c Other interest expense | | 0 | 0
15d Total interest expense | | 0 | 0
16 Operating surplus before income tax | | 2,101,574 | 1,084,547
17 Income tax | 4 | 997,603 | 741,288
18 Net surplus after tax | | 1,103,971 | 343,259
NETWORK WAITAKI LIMITED LINES BUSINESS
Schedule 1 Part 2
Statement of Movements in Equity for the Year Ended 31 March 2006
| Reference | 2006 $ |
|---|---|
| 2005 $ |
5 Equity at the beginning of the year | | 51,660,657 | 51,323,398
5 Net Surplus (Deficit) for the Year | | 1,103,971 | 343,259
Revaluation | | 0 | 0
Total Recognised Revenue and Expenses | | 1,103,971 | 343,259
Dividends Paid | | (70,000) | 0
Equity at the end of the year | | 52,709,628 | 51,666,657
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 133
Gazette.govt.nz —
NZ Gazette 2006, No 133
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