New Zealand Gazette – 2008 – No. 24

Page 541

✨ Financial Statements

WAIPA NETWORKS LIMITED - LINES BUSINESS

| | 2007
$ | 2006
$ |
| --- | ---: | ---: |
| (g) Amortisation of | | |
| (i) Goodwill | - | - |
| (ii) Other intangibles | - | - |
| (iii) Total amortisation of intangibles | - | - |
| (h) Corporate and administration | 199,469 | 204,941 |
| (i) Human resource expenses | 67,743 | 58,657 |
| (j) Marketing and advertising | 123,954 | 143,199 |
| (k) Merger and acquisition expenses | - | - |
| (l) Takeover defence expenses | - | - |
| (m) Research and development expenses | - | - |
| (n) Consultancy and legal expenses | 108,670 | 43,598 |
| (o) Donations | - | - |
| (p) Directors fees | 128,814 | 125,184 |
| (q) Audit fees | | |
| (i) Audit fees paid to principal auditors | 48,179 | 42,075 |
| (ii) Audit fees paid to other auditors | - | - |
| (iii) Fees paid for other services provided by auditors | - | - |
| (iv) Total auditors fees | 48,179 | 42,075 |
| (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 | 67,026 | 79,026 |
| (t) AC loss-rental (distribution of) expense | 495,361 | 631,331 |
| (u) Rebates to customers due to ownership interest | - | - |
| (v) Subvention payments | - | - |
| (w) Unusual expenses | - | - |
| (x) Other expenditure not listed in (a) to (w) | 231,464 | 181,293 |

13 Total operating expenditure | 10,540,420 | 9,982,855 |

14 Operating surplus before interest and income tax | 2,811,445 | 1,758,536 |

15 Interest |
| (a) Interest expense on borrowings | 858,220 | 816,000 |
| (b) Financing charges related to finance leases | - | - |
| (c) Other interest expense | - | - |
| (d) Total interest expense | 858,220 | 816,000 |

16 Operating surplus before income tax | 1,953,225 | 942,536 |

17 Income Tax | 250,725 | 151,855 |

18 Net surplus after tax | 1,702,500 | 790,681 |

VUW Te Waharoa — NZ Gazette 2008, No 24

Gazette.govt.nz — NZ Gazette 2008, No 24

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsEquity, Shareholders, Retained Earnings, Financial Performance, Operating Revenue, Operating Expenditure, Waipa Networks Limited

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