✨ Electricity Financial Statements
ELECTRICITY INVERCARGILL LIMITED LINE BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2007
| Group | Parent | |||
|---|---|---|---|---|
| 2007 | 2006 | 2007 | 2006 | |
| $000 | $000 | $000 | $000 |
2. Operating Revenue
Operating Revenue Comprises:
- Network Charges | 14,077 | 12,980 | 8,081 | 7,740 |
- AC Loss-Rental Rebates | 445 | 556 | - | - |
- Interest on Investments| 237 | 262 | 166 | 227 |
- Dividends Received | - | - | 200 | - |
- Other Revenue | 324 | 59 | 43 | 30 |
Total Operating Revenue | 15,083 | 13,857 | 8,490 | 7,997 |
3. Operating Expenses
Operating Expenses Include:
- Auditors Remuneration:
- Statutory Audit | 43 | 41 | 34 | 27 |
- Other | 17 | 24 | 17 | 25 |
- Bad Debts Written Off | 1 | 3 | - | - |
- Depreciation:
- Buildings | 4 | 3 | - | - |
- Office Equipment & EDP Equipment | 79 | 49 | - | - |
- Plant and Equipment | 31 | 20 | - | - |
- Network Assets | 1,746 | 1,707 | 1,746 | 1,707 |
- Directors' Fees | 115 | 118 | 68 | 68 |
- Lease Costs | 40 | 30 | - | - |
- Loss on Disposal of Fixed Assets | 46 | 22 | 45 | 21 |
4. Equity
| Group | Parent | |||
|---|---|---|---|---|
| 2007 | 2006 | 2007 | 2006 | |
| $000 | $000 | $000 | $000 |
- Paid in Capital | 13,000 | 13,000 | 13,000 | 13,000 |
- General Reserve | 547 | 547 | 547 | 547 |
- Revaluation Reserve | 36,033 | 20,529 | 36,033 | 20,529 |
- Retained Earnings | 12,961 | 12,778 | 12,370 | 11,987 |
Total Equity | 62,541 | 46,854 | 61,950 | 46,063 |
5. Cash and Short Term Deposits
| Group | Parent | |||
|---|---|---|---|---|
| 2007 | 2006 | 2007 | 2006 | |
| $000 | $000 | $000 | $000 |
- Current Account | 4,532 | 1,968 | 1,592 | - |
- Short Term Deposits | - | 410 | - | 410 |
Total Cash and Short Term Deposits | 4,532 | 2,378 | 1,592 | 410 |
6. Receivables and Prepayments
| Group | Parent | |||
|---|---|---|---|---|
| 2007 | 2006 | 2007 | 2006 | |
| $000 | $000 | $000 | $000 |
- Trade Debtors | 758 | 1,260 | 1,307 | 758 |
- Prepayments | 57 | 61 | 7 | 16 |
Total Receivables and Prepayments | 815 | 1,321 | 1,314 | 774 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 44
Gazette.govt.nz —
NZ Gazette 2008, No 44
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