2017 WEL Networks
|
Annual Report
46
2017
$’000
2016
$’000
Amortisation
Computer software
2,377
2,780
Easements and consents
93
121
Total amortisation
2,470
2,901
Total depreciation and amortisation
34,511
24,698
Auditors’ fees
(a)
Remuneration of auditors – PwC
Audit financial statements
180
147
Half year review
44
22
Assurance procedures on disclosure information
75
37
Other reviews
-
8
Total remuneration for assurance services
299
214
(b)
Taxation services – PwC
Tax advice
-
49
Total remuneration for taxation services
-
49
(c)
Other services – PwC
Provision of license for financial reporting software
28
14
Other advisory services
6
58
Total remuneration for advisory services
34
72
333
335
WEL NETWORKS LIMITED
Notes to the financial statements
For the year-ended 31 March 2017
(continued)
4 EXPENSES
(continued)
5 FINANCE INCOME AND EXPENSES
Finance costs
Interest and finance charges paid/payable
15,485
9,654
Capitalised interest
(6,500)
(2,293)
Total finance costs
8,985
7,361
Finance income
Short-term bank deposits
(119)
(114)
Total finance income
(119)
(114)
Net finance costs
8,866
7,247
