New Zealand Gazette – 2006 – No. 157

Page 4591

✨ Financial Statements Notes



UNION NETWORKS - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 March 2006

23 MANDATORY SPECIFIC DISCLOSURE...continued

The following information is required to be disclosed in the financial statements under requirement 6 of the Commerce Act Electricity Information Disclosure Requirements 2004.

2006 2005
$'000 $'000
(g) Auditors' fees:
(i) Audit fees paid to principal auditors: 86 85
(ii) Audit fees paid to other auditors: - -
(iii) Fees paid for other services provided by principal and other auditors: - -
(iv) Total auditors' fees: 86 85

| (r) Costs of offering credit:| | |
| (i) Bad debts written off: | 17 | 5 |
| (ii) Increase in estimated doubtful debts: | 23 | (31) |
| (iii) Total cost of offering credit: | 40 | (26) |

| (s) Local authority rates expense: | 104 | 38 |
| (t) AC loss-rentals (distribution to retailers/customers) expense: | 3,671 | 2,779 |
| (u) Rebates to consumers due to ownership interest: | - | - |
| (v) Subvention payments: | - | - |
| (w) Unusual expenses: | - | - |
| (x) Other expenditure not listed in (a) to (w): | 456 | 2,058 |

| | 4,231 | 4,925 |

| Total operating expenditure | 122,504 | 58,072 |

| Operating surplus/(deficit) before interest and income tax | (28,171) | 34,826 |

| Interest expense | | |
| (a) Interest expense on borrowings | 12,179 | 12,787 |
| (b) Financing charges related to finance leases | - | - |
| (c) Other interest expense | - | - |
| Total interest expense | 12,179 | 12,787 |

| Operating surplus before income tax | (40,350)| 22,039 |

| Income tax | 1,430 | 3,339 |

| Net surplus/(deficit) after tax | (41,780)| 18,700 |



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 157


Gazette.govt.nz — PDF NZ Gazette 2006, No 157




✨ LLM interpretation of page content

🏭 Notes to Financial Statements for Unison Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Commerce Act, Electricity Information Disclosure Requirements, Auditors' fees, Credit costs, Local authority rates, AC loss-rentals, Rebates, Subvention payments, Unusual expenses, Operating expenditure, Interest expense, Income tax