✨ Financial Statements
Operating expenditure
-
(a) Payment for transmission charges:
| 2006
| ($'000)
| 1,782| 2005
| ($'000)
| 1,797 -
(b) Transfer payments to the "Other" business for:
-
(i) Asset maintenance:
| 0
| 0 -
(ii) Consumer disconnection/reconnection services:
| 0
| 0 -
(iii) Meter data:
| 0
| 0 -
(iv) Consumer-based load control services:
| 0
| 0 -
(v) Royalty and patent expenses:
| 0
| 0 -
(vi) Avoided transmission charges on account of own generation:
| 0
| 0 -
(vii) Other goods and services not listed in (i) to (vi):
| 0
| 0 -
(viii) Total transfer payment to the "Other" business (sum of (i) to (vii)):
| 0
| 0
-
-
(c) Expense to entities that are not related parties for:
-
(i) Asset maintenance:
| 801
| 485 -
(ii) Consumer disconnection/reconnection services:
| 0
| 0 -
(iii) Meter data:
| 0
| 0 -
(iv) Consumer-based load control services:
| 0
| 0 -
(v) Royalty and patent expenses:
| 0
| 0 -
Total of specified expenses to non-related parties (sum of (i) to (v)):
| 801
| 485
-
-
(d) Employee salaries, wages, and redundancies:
| 308
| 291 -
(e) Consumer billing and information system expense:
| 0
| 0 -
(f) Depreciation on-
-
(i) System fixed assets:
| 940
| 905 -
(ii) Other assets not listed in (i):
| 33
| 33 -
(iii) Total depreciation (sum of (i) and (ii)):
| 973
| 938
-
-
(g) Amortisation of-
-
(i) Goodwill:
| 0
| 0 -
(ii) Other intangibles:
| 0
| 0 -
(iii) Total amortisation of intangibles (sum of (i) and (ii)):
| 0
| 0
-
-
(h) Corporate and administration:
-
(i) Human resource expenses:
| 504
| 487 -
(j) Marketing/advertising expenses:
| 0
| 0 -
(k) Merger and acquisition expenses:
| 0
| 0 -
(l) Takeover defence expenses:
| 0
| 0 -
(m) Research and development expenses:
| 0
| 0 -
(n) Consultancy and legal expenses:
| 43
| 73 -
(o) Donations:
| 0
| 0 -
(p) Directors' fees:
| 63
| 58 -
(q) Auditors' fees:
- (i) Audit fees paid to principal auditors:
| 22
| 14 - (ii) Audit fees paid to other auditors:
| 0
| 0 - (iii) Fees paid for other services provided by principal and other auditors:
| 3
| 3 - (iv) Total auditors' fees (sum of (i) to (iii)):
| 25
| 17
- (i) Audit fees paid to principal auditors:
-
-
(r) Costs of offering credit:
- (i) Bad debts written off:
| 3
| 0 - (ii) Increase in estimated doubtful debts:
| 0
| 0 - (iii) Total cost of offering credit (sum of (i) to (ii)):
| 3
| 0
- (i) Bad debts written off:
-
(s) Other expenses:
- (i) Local authority rates expense:
| 12
| 11 - (ii) AC loss-rentals (distribution to retailers/customers) expense:
| 0
| 0 - (iii) Rebates to consumers due to ownership interest:
| 0
| 0 - (iv) Subvention payments:
| 0
| 0 - (v) Unusual expenses:
| 0
| 0 - (vi) Other expenditure not listed in (a) to (v):
| 0
| 0
- (i) Local authority rates expense:
-
Total operating expenditure (sum of 12(a) to 12(x)):
| 4,314
| 4,157 -
Operating surplus before interest and income tax (11-(12+13)):
| 3,173
| 2,879 -
Interest expense
- (a) Interest expense on borrowings:
| 76
| 52 - (b) Financing charges related to finance leases:
| 0
| 0 - (c) Other interest expenses not listed in (a) or (b):
| 0
| 0 - (d) Total interest expense (sum of (a) to (c)):
| 76
| 52
- (a) Interest expense on borrowings:
-
Operating surplus before income tax (14-15(d)):
| 3,097
| 2,827 -
Income tax
| 1,127
| 1,057 -
Net surplus after tax (16-17):
| 1,970
| 1,770
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 139
Gazette.govt.nz —
NZ Gazette 2006, No 139
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Nelson Electricity Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Operating Expenditure, Revenue, Expenses, Nelson Electricity Limited