New Zealand Gazette – 2006 – No. 162

Page 4709

✨ Financial Statements



STATEMENT OF FINANCIAL PERFORMANCE (continued)

For the Year Ended 31 March 2006

| Notes | 2006
$000 | 2005
$000 |
|-------|--------------|--------------|
| Consultancy and legal expenses | 87 | 92 |
| Donations | 26 | 14 |
| Directors' fees | 181 | 166 |
| Auditors' fees: |
| Audit fees paid to principal auditors | 60 | 35 |
| Audit fees paid to other auditors | - | - |
| Fees paid for other services provided by principal and other auditors | 8 | 8 |
| Total auditors' fees | 68 | 43 |

| Costs of offering credit: |
| Bad debts written off | - | - |
| Increase in estimated doubtful debts | 1 | 1 |
| Total cost of offering credit | 1 | 1 |

| Local authority rates expense | 66 | 61 |
| AC loss-rentals rebates expense | - | - |
| Discount to consumers | 4,170 | 4,100 |
| Subvention payments | - | - |
| Unusual expenses | - | - |
| Other expenditure | 648 | 532 |
| Total Operating Expenditure | 19,853 | 18,801 |

| Operating Surplus Before Interest and Income Tax | 6,584 | 3,158 |

Interest Expense

| Interest expense on borrowings | - | - |
| Financing charges related to finance leases | - | - |
| Other interest expense | 1 | 1 |
| Total Interest Expense | 1 | 1 |

| Operating Surplus Before Income Tax | 6,583 | 3,157 |

Income Tax

| | 3 | 1,589 | 1,376 |

| Net Surplus After Tax | 4,994 | 1,781 |

STATEMENT OF MOVEMENTS IN EQUITY

For the Year Ended 31 March 2006

| Notes | 2006
$000 | 2005
$000 |
|-------|--------------|--------------|
| Equity At Beginning Of Year | 117,235 | 115,604 |
| Net Surplus For Year | 4,994 | 1,781 |
| Revaluation adjustments | 6 | (580) | -
| Total Recognised Revenues And Expenses For The Period | 4,414 | 1,781 |
| Dividend | (150) | (150) |
| Equity At End Of Year | 121,499 | 117,235 |

The accompanying notes form an integral part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 162


Gazette.govt.nz — PDF NZ Gazette 2006, No 162




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements for the Year Ended 31 March 2006 (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Revenue, Expenditure, Marlborough Lines Limited, Electricity Information Disclosure Requirements