β¨ Financial Statements
27 NOVEMBER NEW ZEALAND GAZETTE 4541
TRANS POWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1995
3. REVENUE
| 1995 | 1994 | 1994 | |
|---|---|---|---|
| 12 months | 15 months | 12 months | |
| $'000 | $'000 | $'000 | |
| Sales | 517,698 | 635,624 | 508,750 |
| Other revenue | 5,905 | 7,356 | 6,446 |
| Total Revenue | 523,603 | 642,980 | 515,196 |
Related Parties' Transactions
Sales to:
- ECNZ Group | 130,067 | 347,892 |
Other revenue from:
- ECNZ Group | 409 | 813 |
| Total | 130,476 | 348,705 |
Sales consist of charges for connection to and the use of the National Grid to transmit bulk electricity from the point of generation to the point of supply.
From 1 October 1993, Trans Power has invoiced customers directly for transmission services. Previously, Trans Power invoiced ECNZ for transmission services and ECNZ then invoiced customers on a bundled, energy and transmission, basis.
Net Loss/Gain on the Disposal of Fixed Assets
| 1995 | 1994 | |
|---|---|---|
| 12 months | 15 months | |
| $'000 | $'000 | |
| Included in Other revenue: | ||
| Net gain on the disposal of fixed assets | 0 | 3,125 |
Included in Stock and asset write offs (Note 4):
| Net loss on the disposal of fixed assets | (9,664) | (11,357) |
| Total Net Loss on the disposal of fixed assets | (9,664) | (8,232) |
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VUW Te Waharoa —
NZ Gazette 1995, No 139
NZLII —
NZ Gazette 1995, No 139
β¨ LLM interpretation of page content
ποΈ
Notes to the Financial Statements for Trans Power New Zealand Limited
(continued from previous page)
ποΈ Infrastructure & Public WorksFinancial Statements, Revenue, Sales, Related Parties, Transactions, Fixed Assets, ECNZ, National Grid, Transmission Services