New Zealand Gazette – 1995 – No. 139

Page 4542

✨ Financial Statements Notes



4542 NEW ZEALAND GAZETTE No. 139

TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1995

  1. OPERATING EXPENSES
1995 1994 1994
12 months 15 months 12 months
$'000 $'000 $'000

Direct Expenditure
Asset operation and maintenance costs 119,489 148,146 125,075
Lease and rental costs 389 665 532

Indirect Expenditure
Administration and general costs 44,530 53,897 44,431
Directors' fees 229 71 56
Bad debts written off 2 12 12
Increase in the provision for doubtful debts 1,306 2,506 2,506
Donations 206 126 101
Lease and rental costs 2,472 4,225 3,380

Other Expenditure
Depreciation - owned assets 81,806 114,096 91,567
Depreciation - leased assets 8,278 10,361 8,289
Stock and asset write offs 10,740 9,426 7,541
Infrastructure asset service potential adjustment 22,822 17,580 11,928
Total Operating Expenses 292,269 361,111 295,418

Related Parties' Transactions

1995 1994
12 months 15 months
$'000 $'000

Expenses charged by :

- ECNZ Group 57,238 93,123
- BCL 572 n/a
- Works Consultancy Services Limited 175 n/a
- Trans Power subsidiaries 0 0
Total 57,985 93,123

Prior to June 1994, rental of the Company's Wellington office was paid to ECNZ. The remaining expenses charged by the ECNZ Group relate to contracts for the operation and maintenance of the National Grid, systems costs and consultancy services. Lease costs for communications sites are charged by BCL. Works Consultancy Services Limited provide engineering consultancy services.



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✨ LLM interpretation of page content

🏗️ Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Financial Statements, Revenue, Sales, Related Parties, Transactions, Fixed Assets, ECNZ, National Grid, Transmission Services