New Zealand Gazette – 2006 – No. 135

Page 3902

✨ Financial Statements

WEL NETWORKS LIMITED

Line Business	2006 ($000s)	2005 ($000s)
Operating Expenditure (continued)

Donations | - | - |
Directors’ Fees | 229 | 241 |
Auditors’ Fees | | |
   Audit Fees to principal auditors | 20 | 20 |
   Audit Fees to other auditors | - | - |
   Other services provided by principal and other auditors | 61 | 79 |
Total auditors’ fees | 81 | 99 |

Net loss on sale of fixed assets | 469 | 324 |
Cost of offering credit | - | - |
Bad Debts written off | - | - |
Increase in estimated doubtful debts | - | - |
Total cost of offering credit | - | - |

Local Authority rates expense | 212 | 216 |
AC Loss-rental rebates (distribution to retailers/customers) expense | - | - |
Rebates to customers due to ownership interest | - | - |
Subvention payments | - | - |
Unusual expenses | - | - |
Other expenditure | 152 | 90 |

Total operating expenditure | 31,474 | 28,402 |

3 Interest expense

Interest expense on borrowings | 4,130 | 3,696 |
Finance charges relating to finance leases | - | - |
Other interest expenses | - | - |

Total interest expense | 4,130 | 3,696 |

VUW Te Waharoa — NZ Gazette 2006, No 135

Gazette.govt.nz — NZ Gazette 2006, No 135

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✨ LLM interpretation of page content

🏭 Certification of Financial Statements for WEL Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Certification, Electricity Information Disclosure, WEL Networks Limited

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