New Zealand Gazette – 2006 – No. 143

Page 4138

✨ Financial Statements



4138

NEW ZEALAND GAZETTE, No. 143

20 NOVEMBER 2006

2006 2005
$ $
d) Employee Salaries and Redundancies 1,830,921 1,628,604
e) Consumer billing and information system expense 94,585 76,845
f) Depreciation on-
i) System fixed assets 3,764,872 3,754,700
ii) Other system assets not listed in (i) 452,939 436,524
Total Depreciation 4,217,811 4,191,224
g) Amortised of-
i) Goodwill 0 0
ii) Other Tangibles 0 0
iii) Total amortisation of Intangibles 0 40
h) Corporate and Administration 404,792 350,437
i) Human Resource expenses 20,600 19,003
j) Marketing and advertising 58,263 34,077
k) Merger and acquisition expenses 0 0
l) Takeover defence expense 0 0
m) Research and development expenses 0 0
n) Consultancy and legal expenses 49,163 77,571
o) Donations 0 0
p) Directors fees 99,000 93,988
q) Auditors fees-
i) Audit fees paid to principal auditors 21,908 19,113
ii) Audit fees paid to other auditors 14,723 24,247
iii) Fees paid for other services provided by principal and other auditors 0 0
iv) Total auditors fees 36,631 43,360
r) Cost of offering credit-
i) Bad debts written off 0 0
ii) Increase in estimated doubtful debts 0 0
iii) Total cost of offering credit 0 0
s) Local Authority rate expense 142,294 149,301
t) AC loss - rental rebates (distribution to retailers) expense 0 0
u) Rebates to customers due to ownership interest 2,975,612 2,811,832
v) Subvention payments 0 0
w) Unusual expenses 0 0
x) Other expenditure not listed in (a to w) 260,535 249,937
Total Operating Expenditure 17,427,612 16,283,844

Operating surplus before interest and income tax | 5,952,329 | 4,338,735 |

Interest Expense

2006 2005
a) Interest expense on borrowings 1,152,784 1,000,244
b) Financing charges related to finance lease 0 0
c) Other interest expense not listed in (a to b) 0 42,920
d) Total interest expense 1,152,784 1,043,164

Operating surplus before income tax | 4,799,545 | 3,295,571 |

Income Tax | 2,580,913 | 2,042,512 |

Net Surplus after tax | 2,218,627 | 1,253,059 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 143


Gazette.govt.nz — PDF NZ Gazette 2006, No 143




✨ LLM interpretation of page content

🏭 Electricity Ashburton Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Operating expenditure, Interest expense, Income tax, Electricity, Ashburton