✨ Financial Statements
630 NEW ZEALAND GAZETTE, No. 29 19 FEBRUARY 2008
WEL NETWORKS LIMITED
| Line Business | ||
|---|---|---|
| 2007 | 2006 | |
| ((000s) | ((000s) |
Operating Expenditure (continued)
Donations | - | -
Directors' Fees | 236 | 229
Auditors' Fees
- Audit Fees to principal auditors | 15 | 20
- Audit Fees to other auditors | - | -
- Other services provided by principal and other auditors | 92 | 61
Total auditors' fees | 107 | 81
Net loss on sale of fixed assets | 775 | 469
Cost of offering credit
- Bad Debts written off | 222 | -
- Increase in estimated doubtful debts | - | -
Total cost of offering credit | 222 | -
Local Authority rates expense | 211 | 212
AC Loss-rental rebates (distribution to retailers/customers) expense | - | -
Rebates to customers due to ownership interest | - | -
Subvention payments | - | -
Unusual expenses | - | -
Other expenditure | 1,083 | 1,097
Total operating expenditure | 36,936 | 31,474
The prior year comparative for employee salaries and wages and other expenditure has been restated for wages that have been capitalised.
3 Interest expense
Interest expense on borrowings | 3,205 | 4,130
Finance charges relating to finance leases | - | -
Other interest expenses | - | -
Total interest expense | 3,205 | 4,130
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 29
Gazette.govt.nz —
NZ Gazette 2008, No 29
✨ LLM interpretation of page content
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Financial Performance and Equity Movements of WEL Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Operating revenue, Operating expenditure, Asset maintenance, Depreciation, WEL Networks Limited