New Zealand Gazette – 2008 – No. 52

Page 1449

✨ Financial Statements



5 MARCH 2008

NEW ZEALAND GAZETTE, No. 52

1449

Scanpower Limited

Notes to the Financial Statements

For the Year Ended 31 March 2007

Note 1. (i) Operating Revenue

2007 2006
$'000 $'000
OPERATING REVENUE
Network line rentals 5,911 5,856
AC loss-rental rebates 112 146
Interest income 134 184
Newly identified assets 73 250
Gain on sale of assets 14 0
Total revenue 6,244 6,436

Note 1. (ii) Operating Expenses

2007 2006
$'000 $'000
Audit fees 46 44
Auditors fees for other services 8 7
Fees paid to other auditors 13 14
Bad debts written off 0 0
Depreciation:
Distribution assets:
Lines 460 452
Transformers 83 83
Substations 19 19
Switchgear 48 41
Air break switches 10 7
Customer connections 55 55
Circuit breakers 15 14
Sectionalisers 15 6
Ring main unit 2 1
Voltage regulators 3 2
Non standard assets 25 34
Freehold buildings & fixtures 1 1
Motor vehicles 26 28
Computer equipment 2 2
Total Depreciation 764 745
Directors remuneration & expenses 30 80
Change in provision for doubtful debts 0 0
Interest paid 7 0
Loss on sale of assets 90 83
Network discounts 1,755 1,878
Cost of sales & operating expenses 2,616 2,365
5,379 5,216


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 52


Gazette.govt.nz — PDF NZ Gazette 2008, No 52




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💰 Scanpower Limited Financial Statements (continued from previous page)

💰 Finance & Revenue
Operating Revenue, Operating Expenses, Depreciation, Financial Statements, Scanpower Limited