New Zealand Gazette – 2008 – No. 30

Page 653

✨ Financial Statements

2. Earnings before interest and taxation

Revenue

| | 2007
$000 | 2006
$000 |
|------------------------|----------------|----------------|
| Invoiced to consumers by electricity retailers | 24,347 | 22,253 |
| Line/access charges | 24,347 | 22,253 |
| AC loss-rental | 608 | 1,136 |
| Interest | 40 | 113 |
| Other | 403 | 331 |
| Total Revenue | $25,398 | $23,833 |

After Charging

| | 2007
$000 | 2006
$000 |
|------------------------|----------------|----------------|
| Audit fees | 33 | 40 |
| Other accountancy services | 47 | 50 |
| Bad Debts | 71 | 8 |
| Change in provision for doubtful debts | - | 30 |
| Depreciation* | 3,815 | 3,881 |
| Directors fees | 167 | 167 |
| Interest fixed and other | 759 | 830 |
| Loss on sale of property, plant & equipment | 47 | 90 |
| Rental and lease costs | 31 | 61 |

*Depreciation by Category

| | 2007
$000 | 2006
$000 |
|------------------------|----------------|----------------|
| Land and Buildings | 15 | 146 |
| Distribution (ODV) Assets | 3,483 | 3,244 |
| Distribution (Non-ODV) Assets | 186 | 279 |
| Leasehold Improvements | 3 | 8 |
| Plant and equipment | 113 | 190 |
| Vehicles | 15 | 14 |

Customer sales discount

A total of $7.9 million plus GST was credited to consumers during the year to 31 March 2007 ($7.2 million plus GST during the year to 31 March 2006).

VUW Te Waharoa — NZ Gazette 2008, No 30

Gazette.govt.nz — NZ Gazette 2008, No 30

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Electra Limited - Earnings before interest and taxation (continued from previous page)

Domain💰 Finance & Revenue
KeywordsRevenue, Line charges, AC loss-rental, Interest, Audit fees, Bad debts, Depreciation, Directors fees, Rental costs, Customer sales discount

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