✨ 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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✨ LLM interpretation of page content

πŸ—οΈ Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

πŸ—οΈ Infrastructure & Public Works
Financial Statements, Revenue, Sales, Related Parties, Transactions, Fixed Assets, ECNZ, National Grid, Transmission Services