✨ Financial Statements
WESTPOWER LIMITED - LINES BUSINESS
| 2006 | |
|---|---|
| $'000 | |
| (h) Corporate and administration | 657 |
| (i) Human resource expenses | |
| (j) Marketing/advertising | |
| (k) Merger and acquisition expenses | |
| (l) Takeover defence expenses | |
| (m) Research and development expenses | |
| (n) Consultancy and legal expenses | 309 |
| (o) Donations | |
| (p) Directors fees | 51 |
| (q) Audit fees | |
| (i) Audit fees paid to principal auditors | 38 |
| (ii) Audit fees paid to other auditors | |
| (iii) Fees paid for other services provided by auditors | |
| (iv) Total auditors fees | 38 |
| (r) Costs of offering credit | |
| (i) Bad debts written off | |
| (ii) Increase in estimated doubtful debts | |
| (iii) Total costs of offering credit | |
| (s) Local authority rates | 56 |
| (t) AC loss-rental (distribution of) expense | 321 |
| (u) Rebates to Consumers due to ownership interest | |
| (v) Subvention payments | |
| (w) Unusual expenses | |
| (x) Other expenditure not listed in (a) to (w) | 323 |
13 Total operating expenditure | 9,321 | 9,277 |
14 Operating surplus before interest and income tax | 4,809 | 4,452 |
15 Interest
(a) Interest expense on borrowings | 612 | 257 |
(b) Financing charges related to finance leases | |
(c) Other interest expense | |
(d) Total interest expense | 612 | 257 |
16 Operating surplus before income tax | 4,197 | 4,195 |
17 Income Tax | 927 | 1,223 |
18 Net Surplus after tax | 3,270 | 2,972 |
PERFORMANCE MEASURES
Disclosure of financial performance measures and efficiency performance measures under Requirement 14 of the Electricity (Information Disclosure) Requirements 2004 Schedule 1 Part 3.
| 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|
| 1 Financial performance measures | ||||
| (a) Return on funds | 6.41% | 6.51% | 6.34% | 13.02% |
| (b) Return on equity | 4.81% | 4.54% | 4.47% | 10.31% |
| (c) Return on investment | 4.91% | 4.59% | 16.36% | 8.76% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 145
Gazette.govt.nz —
NZ Gazette 2006, No 145
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Westpower Limited Financial Notes
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💰 Finance & RevenueFinancial Statements, Assets, Liabilities, Westpower Limited