2 0 1 5 |
WE L ANNUA L REPOR T
48
Note
Group
2015
($000)
Group
2014
($000)
Parent
2015
($000)
Parent
2014
($000)
6. Operating expenses
Transmission costs
31,297
27,166
31,297
27,166
Wages and salaries
11,534
9,726
8,489
7,581
Materials and services
7,352
8,218
7,352
8,218
Contracting cost of sales
84,353
61,611
1,029
1,106
Depreciation of property, plant and equipment
Buildings
148
148
148
148
Plant and equipment
3,527
2,970
3,424
2,849
Distribution network
17,853
17,961
17,852
17,961
Land fill generation
-
-
-
-
Total depreciation
21,528
21,079
21,424
20,958
Amortisation expense
2,901
2,381
1,969
2,062
Directors’fees
299
291
299
291
Net loss on disposal of property, plant and equipment
3,638
2,789
2,662
2,789
Impairment on property, plant and equipment
9
-
-
-
-
Research and development
3
98
1
98
Bad debts written off
5
96
5
96
Change in provision for impaired receivables
112
-
112
-
Rental and operating lease payments
268
219
238
219
Other expenses
3,276
3,539
2,376
2,896
Remuneration of Auditors
Auditing the financial statements
124
143
91
106
Half year review
21
22
21
22
Assurance procedures on disclosure information
33
49
33
49
Total audit and review services
178
214
145
177
Tax advice
92
10
59
10
Other advisory services
-
85
-
12
Total other services
92
95
59
22
Total Remuneration
270
309
204
199
PricewaterhouseCoopers were the only auditors employed during the year. Other advisory services
comprise advice on funding options and review of models to support the ultrafast broadband project.
Total operating expenses
166,837
137,522
77,457
73,679
Wages and salaries capitalised to property, plant and equipment
9,829
8,597
9,829
8,597
7. Finance costs
Interest expense
Bank borrowings
6,697
3,334
6,057
3,116
Less capitalised on construction of property, plant and equipment
(631)
(169)
(631)
(169)
Less capitalised on construction contracts
(1,774)
(1,024)
-
-
Less capitalised on construction of intangible assets
(24)
(4)
(24)
(4)
4,268
2,137
5,402
2,943
