✨ Financial Statements
STATEMENT OF FINANCIAL PERFORMANCE (continued)
For the Year Ended 31 March 2007
| Notes | 2007
$000 | 2006
$000 |
|-------|------------|------------|
Auditors' fees:
Audit fees paid to principal auditors | 43 | 60 |
Audit fees paid to other auditors | - | - |
Fees paid for other services provided by principal and other auditors | 16 | 8 |
Total auditors' fees | 59 | 68 |
Costs of offering credit:
Bad debts written off | 17 | - |
Increase in estimated doubtful debts | - | 1 |
Total cost of offering credit | 17 | 1 |
Local authority rates expense | 70 | 66 |
AC loss-rentals rebates expense | - | - |
Discount to consumers | 4,341 | 4,170 |
Subvention payments | - | - |
Unusual expenses | - | - |
Other expenditure | (526) | 648 |
Total Operating Expenditure | 21,368 | 19,853 |
Operating Surplus Before Interest and Income Tax | 4,690 | 6,584 |
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 | 4,689 | 6,583 |
Income Tax | 1,742 | 1,589 |
Net Surplus After Tax | 2,947 | 4,994 |
STATEMENT OF MOVEMENTS IN EQUITY
For the Year Ended 31 March 2007
| Notes | 2007
$000 | 2006
$000 |
|-------|------------|------------|
Equity At Beginning Of Year | 121,499 | 117,235 |
Net Surplus For Year | 2,947 | 4,994 |
Revaluation adjustments | 6 | 29,338 | (580) |
Total Recognised Revenues And Expenses For The Period | 32,285 | 4,414 |
Dividend | (250) | (150) |
Equity At End Of Year | 153,534 | 121,499 |
The accompanying notes form an integral part of these financial statements.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 27
Gazette.govt.nz —
NZ Gazette 2008, No 27
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Marlborough Lines Limited Financial Statements
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