✨ Financial Disclosure
22 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 33
765
WESTPOWER LIMITED - LINES BUSINESS
| | 2007
$'000 | 2006
$'000 |
|----------------------|----------------|----------------|
| (h) Corporate and administration | 778 | 657 |
| (i) Human resource expenses | | |
| (j) Marketing/advertising | | |
| (k) Merger and acquisition expenses | | |
| (l) Takeover defence expenses | | |
| (m) Research and development expenses | | |
| (n) Consultancy and legal expenses | 252 | 309 |
| (o) Donations | | |
| (p) Directors fees | 62 | 51 |
| (q) Audit fees | | |
| (i) Audit fees paid to principal auditors | 31 | 38 |
| (ii) Audit fees paid to other auditors | 10 | |
| (iii) Fees paid for other services provided by auditors | | |
| (iv) Total auditors fees | 41 | 38 |
| (r) Costs of offering credit | | |
| (i) Bad debts written off | | |
| (ii) Increase in estimated doubtful debts | | |
| (iii) Total costs of offering credit | 53 | 56 |
| (s) Local authority rates | 289 | 321 |
| (t) AC loss-rental (distribution of) expense | |
| (u) Rebates to Consumers due to ownership interest | | |
| (v) Subvention payments | | |
| (w) Unusual expenses | | |
| (x) Other expenditure not listed in (a) to (w) | 301 | 323 |
13 Total operating expenditure | 11,027 | 9,321 |
14 Operating surplus before interest and income tax | 12,606 | 4,809 |
15 Interest
(a) Interest expense on borrowings | 855 | 612 |
(b) Financing charges related to finance leases | | |
(c) Other interest expense | | |
(d) Total interest expense | 855 | 612 |
16 Operating surplus before income tax | 11,751 | 4,197 |
17 Income Tax | 408 | 927 |
18 Net Surplus after tax | 11,343 | 3,270 |
PERFORMANCE MEASURES
Disclosure of financial performance measures and efficiency performance measures under Requirement 14 of the Electricity (Information Disclosure) Requirements 2004 Schedule 1 Part 3.
| 2007 | 2006 | 2005 | 2004 | |
|---|---|---|---|---|
| 1 Financial performance measures | ||||
| (a) Return on funds | 15.40% | 6.41% | 6.51% | 6.34% |
| (b) Return on equity | 15.88% | 4.81% | 4.54% | 4.47% |
| (c) Return on investment | 14.67% | 4.91% | 4.59% | 16.36% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 33
Gazette.govt.nz —
NZ Gazette 2008, No 33
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Westpower Limited Financial Statements
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