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Notes to the Financial Statements for the year ended 30 June 2005 The following specific disclosures are not required to be made as a result of the exemptions: Financial Reporting Exemptions Public Finance and Audit Act – Format of financial statements • Section 41B(c) PF&AA – Financial Statements Schedule 1, Part 1: PF&A Reg – Notes – Income and expenditure • Item 2 - Amounts set aside for renewal or replacement of fixed assets. • Item 4 - Amounts set aside to any provision for known commitments. • Item 6 - Amount appropriated for repayment of loans / advances / debentures / deposits. • Item 13 - Material items of income and expenditure on a program or activity basis. Schedule 1, Part 3: PF&A Reg – Notes – Additional information 76 • Item 13 - Excess of non-current asset value over replacement cost. Annual Reporting Exemptions Budgets Report of Operations Management & Activities Research & Development Human Resources Consultants Land Disposal Consumer Response Payment of Accounts Time for Payment of Accounts s.7(1)(a)(iii) ARSBA cl 6 ARSBR s.7(1)(a)(iv) ARSBA Schedule 1 ARSBR Schedule 1 ARSBR Schedule 1 ARSBR Schedule 1 ARSBR Schedule 1 ARSBR Schedule 1 ARSBR Schedule 1 ARSBR Schedule 1 ARSBR Report on Risk Management & Insurance Activities Schedule 1 ARSBR Disclosure of Controlled Entities Schedule 1 ARSBR Investment Management Performance cl. 13 ARSBR Liability Management Performance cl. 12 ARSBR Financial Statements of Controlled Entities s.7(1)(a)(ia) ARSBA # Reference ARSBA – Annual Reports (Statutory Bodies) Act 1984 PF&AA – Public Finance & Audit Act 1983 ARSBR – Annual Reports (Statutory Bodies) Regulation 2000 PF&A Reg – Public Finance and Audit Regulation 2000 COUNTRY ENERGY ANNUAL REPORT 2004–2005
Notes to the Financial Statements for the year ended 30 June 2005 NOTE 2. COMPONENTS OF REVENUE AND EXPENSES Consolidated Corporation 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Revenue from Operating Activities Sale and delivery of energy 1,618,157 1,518,189 1,612,984 1,512,555 Capital contributions (refer note 1(f)) 70,974 68,932 70,974 68,932 Rental income (refer note 23(e)) 776 1,174 776 1,174 Other revenue from ordinary activities 12,863 43,854 12,863 43,854 1,702,770 1,632,149 1,697,597 1,626,515 Revenue from Outside the Operating Activities Investment revenue (refer note 1(f)) 879 1,927 878 1,730 Proceeds on sale of property, plant & equipment 6,776 9,761 6,776 9,761 7,655 11,688 7,654 11,491 Total Revenues from Ordinary Activities 1,710,425 1,643,837 1,705,251 1,638,006 77 Expenses Relating to Ordinary Activities Cost of sale and delivery of energy 1,420,062 1,334,151 1,418,099 1,332,652 Cost of other revenue from ordinary activities 22,888 47,262 22,888 47,262 Total Expenses Relating to Ordinary Operations 1,442,950 1,381,413 1,440,987 1,379,914 Expense Items Included in Total Expenses relating to Ordinary Operations Expenses from Operating Activities Amounts charged against provisions for employee benefits 38,973 39,374 38,973 39,374 Depreciation of property, plant and equipment 145,256 127,888 140,961 123,606 Amortisation of intangible assets 2,947 2,981 1,063 1,097 Consultants expenses 1,309 810 1,309 810 (Amounts capitalised $0.034 million) Bad debts expense 5,334 5,909 5,334 5,909 Minimum lease payments on operating leases (refer notes 1(i) and 23) 9,496 9,779 9,496 9,779 Expenses from Outside Operating Activities Carrying value of property, plant & equipment sold 5,961 8,387 5,961 8,387 Other Business Activities Country <strong>Energy</strong> carries out a number of commercial business activities which are incidental to, associated with, or are related to the supply and delivery of energy. Individually these activities are not of significant size, nature or incidence. The aggregate of revenue from these activities of $17.940 million (includes internal sales $5.073) ($43.854 million in 2004) is included in other revenue from ordinary activities. The aggregate of expenses from these activities of $16.926 million ($40.837 million in 2004) is included in the cost of other revenue from ordinary activities. COUNTRY ENERGY ANNUAL REPORT 2004–2005
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Becoming Australia’s leading util
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Priorities in 2004-2005 Country Ene
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A leader in safety 5 COUNTRY ENERGY
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Detailed audit schedules have been
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Workers compensation In addition to
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A successful national retailer 11 C
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Looking inside We recognise that ou
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This resulted in the campuses reduc
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The best network manager 17 COUNTRY
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The table below highlights some exa
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• Large snowfalls in the Snowy Mo
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Vegetation management The managemen
Page 25 and 26: Information services In addition to
Page 27 and 28: A responsible environmental manager
Page 29 and 30: One of the most rewarding aspects o
Page 31 and 32: Our increasing involvement in proje
Page 33 and 34: Waste management A code of practice
Page 35 and 36: A valued part of the community 35 C
Page 37 and 38: Increased presence Our program of r
Page 39 and 40: Nu 1000 0 2002-2003 2003-2004 2004-
Page 41 and 42: Sponsorship spend $82,424 $125,000
Page 43 and 44: An employer of choice 43 COUNTRY EN
Page 45 and 46: Apprentices by region / operational
Page 47 and 48: Employees also initiated a fundrais
Page 49 and 50: Employee assistance program Country
Page 51 and 52: Our Executive Craig Murray - Managi
Page 53 and 54: Director Current appointment Board
Page 55 and 56: Risk management Country Energy appr
Page 57 and 58: Executive remuneration At the end o
Page 59 and 60: Consultants A total of $1.3 million
Page 61 and 62: • Electricity Industry Act 2000 N
Page 63 and 64: Financial statements contents Indep
Page 65 and 66: Statement by Members of the Board 6
Page 67 and 68: Statement of Financial Position as
Page 69 and 70: Notes to the Financial Statements f
Page 75: Notes to the Financial Statements f
Page 97 and 98: Customer information The following
Page 99 and 100: Index A Achievements inside cover A
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