✨ Financial Statements
Scanpower Limited
Notes to the Financial Statements
For the Year Ended 31 March 2006
Note 1. (i) Operating Revenue
| 2006 | |
|---|---|
| $'000 |
OPERATING REVENUE
Network line rentals 5,856
AC loss-rental rebates 146
Interest income 184
Newly identified assets 250
Total revenue 6,436
| 2005 | |
|---|---|
| $'000 |
Network line rentals 5,832
AC loss-rental rebates 98
Interest income 204
Newly identified assets 0
Total revenue 6,134
Note 1. (ii) Operating Expenses
| 2006 | |
|---|---|
| $'000 |
Audit fees 44
Auditors fees for other services 7
Fees paid to other auditors 14
Bad debts written off 0
Depreciation:
Distribution assets:
Lines 452
Transformers 83
Substations 19
Switchgear 41
Air break switches 7
Customer connections 55
Circuit breakers 14
Sectionalisers 6
Ring main unit 1
Voltage regulators 2
Non standard assets 34
Freehold buildings & fixtures 1
Motor vehicles 28
Computer equipment 2
Total Depreciation 745
Directors remuneration & expenses 80
Change in provision for doubtful debts 0
Interest paid 0
Loss on sale of assets 83
Network discounts 1,878
Cost of sales & operating expenses 2,365
Total Operating Expenses 5,216
| 2005 | |
|---|---|
| $'000 |
Audit fees 37
Auditors fees for other services 5
Fees paid to other auditors 38
Bad debts written off 0
Depreciation:
Distribution assets:
Lines 472
Transformers 82
Substations 19
Switchgear 71
Air break switches 17
Customer connections 55
Circuit breakers 17
Sectionalisers 3
Ring main unit 1
Voltage regulators 3
Non standard assets 34
Freehold buildings & fixtures 1
Motor vehicles 11
Computer equipment 4
Total Depreciation 790
Directors remuneration & expenses 84
Change in provision for doubtful debts 0
Interest paid 0
Loss on sale of assets 55
Network discounts 2,181
Cost of sales & operating expenses 2,716
Total Operating Expenses 5,906
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 152
Gazette.govt.nz —
NZ Gazette 2006, No 152
✨ LLM interpretation of page content
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Scanpower Limited Statement of Significant Accounting Policies
(continued from previous page)
💰 Finance & RevenueOperating Revenue, Operating Expenses, Financial Statements, Audit Fees, Depreciation, Directors Remuneration, Network Discounts