Full Version - Essential Energy
Full Version - Essential Energy
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Notes to the Financial Statements<br />
for the year ended 30 June 2005<br />
NOTE 2. COMPONENTS OF REVENUE AND EXPENSES<br />
Consolidated<br />
Corporation<br />
2005 2004 2005 2004<br />
$’000 $’000 $’000 $’000<br />
Revenue from Operating Activities<br />
Sale and delivery of energy 1,618,157 1,518,189 1,612,984 1,512,555<br />
Capital contributions (refer note 1(f)) 70,974 68,932 70,974 68,932<br />
Rental income (refer note 23(e)) 776 1,174 776 1,174<br />
Other revenue from ordinary activities 12,863 43,854 12,863 43,854<br />
1,702,770 1,632,149 1,697,597 1,626,515<br />
Revenue from Outside the Operating Activities<br />
Investment revenue (refer note 1(f)) 879 1,927 878 1,730<br />
Proceeds on sale of property, plant & equipment 6,776 9,761 6,776 9,761<br />
7,655 11,688 7,654 11,491<br />
Total Revenues from Ordinary Activities 1,710,425 1,643,837 1,705,251 1,638,006<br />
77<br />
Expenses Relating to Ordinary Activities<br />
Cost of sale and delivery of energy 1,420,062 1,334,151 1,418,099 1,332,652<br />
Cost of other revenue from ordinary activities 22,888 47,262 22,888 47,262<br />
Total Expenses Relating to Ordinary Operations 1,442,950 1,381,413 1,440,987 1,379,914<br />
Expense Items Included in Total Expenses relating<br />
to Ordinary Operations<br />
Expenses from Operating Activities<br />
Amounts charged against provisions for employee benefits 38,973 39,374 38,973 39,374<br />
Depreciation of property, plant and equipment 145,256 127,888 140,961 123,606<br />
Amortisation of intangible assets 2,947 2,981 1,063 1,097<br />
Consultants expenses 1,309 810 1,309 810<br />
(Amounts capitalised $0.034 million)<br />
Bad debts expense 5,334 5,909 5,334 5,909<br />
Minimum lease payments on operating leases (refer notes 1(i)<br />
and 23)<br />
9,496 9,779 9,496 9,779<br />
Expenses from Outside Operating Activities<br />
Carrying value of property, plant & equipment sold 5,961 8,387 5,961 8,387<br />
Other Business Activities<br />
Country <strong>Energy</strong> carries out a number of commercial business activities which are incidental to, associated with, or are related to the<br />
supply and delivery of energy. Individually these activities are not of significant size, nature or incidence. The aggregate of revenue<br />
from these activities of $17.940 million (includes internal sales $5.073) ($43.854 million in 2004) is included in other revenue from<br />
ordinary activities. The aggregate of expenses from these activities of $16.926 million ($40.837 million in 2004) is included in the cost<br />
of other revenue from ordinary activities.<br />
COUNTRY ENERGY ANNUAL REPORT 2004–2005
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