New Zealand Gazette – 2008 – No. 4

Page 81

✨ Financial Statements



11 JANUARY 2008 NEW ZEALAND GAZETTE, No. 4 81

Network Waitaki Limited Lines Business

Statement of Financial Performance for the Year Ended 31 March 2007 - Continued

Note 2007 $ 2006 $
Costs of offering credit
Bad debts written off 0 1,846
Increase in estimated doubtful debts 0 0
Total cost of offering credit 0 1,846
Local authority rates expense 67,359 62,260
AC loss-rentals (distribution to retailers/customers) expense 0 0
Rebates to consumers due to ownership interest 0 0
Subvention payments 0 0
Unusual expenses 0 0
Other expenditure not listed above 100,249 67,661
Total operating expenditure 8,044,807 7,236,548
Operating surplus before interest and income tax 1,931,866 2,101,574
Interest expense
Interest expense on borrowings 0 0
Financing charges related to finance leases 0 0
Other interest expense 0 0
Total interest expense 0 0
Operating surplus before income tax 1,931,866 2,101,574
Income tax 4 950,430
Net surplus after tax 981,436 1,103,971

Network Waitaki Limited Lines Business

Statement of Movements in Equity for the Year Ended 31 March 2007

2007 $ 2006 $
Equity at the beginning of the year 52,700,628 51,666,657
Net Surplus for the Year 981,436 1,103,971
Revaluation 0 0
Total Recognised Revenue and Expenses 981,436 1,103,971
Dividends Paid (100,000) (70,000)
Equity at the end of the year 53,582,064 52,700,628


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 4


Gazette.govt.nz — PDF NZ Gazette 2008, No 4




✨ LLM interpretation of page content

🏭 Network Waitaki Limited Financial Performance and Equity Movements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Surplus, Equity Movements, Network Waitaki Limited