New Zealand Gazette – 2008 – No. 35

Page 816

✨ Financial Statements



816

NEW ZEALAND GAZETTE, No. 35

25 FEBRUARY 2008

2007 2006
$ $
d) Employee Salaries and Redundancies 2,048,070 1,830,921
e) Consumer billing and information system expense 103,060 94,585
f) Depreciation on-
i) System fixed assets 3,764,585 3,764,872
ii) Other system assets not listed in (f) 473,398 452,939
Total Depreciation 4,237,983 4,217,811
g) Amortised of-
i) Goodwill 0 0
ii) Other Tangibles 0 0
iii) Total amortisation of Intangibles 0 0
h) Corporate and Administration 406,107 404,792
i) Human Resource expenses 24,200 20,600
j) Marketing and advertising 42,185 58,263
k) Merger and acquisition expenses 0 0
l) Takeover defence expense 0 0
m) Research and development expenses 0 0
n) Consultancy and legal expenses 33,767 49,163
o) Donations 0 0
p) Directors fees 106,000 99,000
q) Auditors fees-
i) Audit fees paid to principal auditors 23,623 21,908
ii) Audit fees paid to other auditors 0 14,723
iii) Fees paid for other services provided by principal and other auditors 0 0
iv) Total auditors fees 23,623 36,631
r) Cost of offering credit-
i) Bad debts written off 0 0
ii) Increase in estimated doubtful debts 0 0
iii) Total cost of offering credit 0 0
s) Local Authority rate expense 163,627 142,294
t) AC less - rental rebates (distribution to retailers) expense 0 0
u) Rebates to customers due to ownership interest 3,000,641 2,975,612
v) Subvention payments 0 0
w) Unusual expenses 0 0
x) Other expenditure not listed in (a to w) 194,323 260,535
Total Operating Expenditure 19,374,982 17,427,612

Operating surplus before interest and income tax | 5,329,877 | 5,952,329 |

Interest Expense

2007 2006
a) Interest expense on borrowings 1,490,482 1,152,784
b) Financing charges related to finance lease 0 0
c) Other interest expense not listed in (a to b) 0 0
d) Total interest expense 1,490,482 1,152,784

Operating surplus before income tax | 3,839,395 | 4,799,545 |

Income Tax | 2,327,054 | 2,580,918 |

Net Surplus after tax | 1,512,341 | 2,218,627 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 35


Gazette.govt.nz — PDF NZ Gazette 2008, No 35




✨ LLM interpretation of page content

🏭 Electricity Ashburton Ltd Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2007
Financial Statements, Accounting Policies, Revenue, Depreciation, Income Taxation, Asset Valuation, Electricity Ashburton Ltd