✨ Financial Statements




NEW ZEALAND GAZETTE

No. 161

BAY OF PLENTY ELECTRICITY LIMITED

Special Purpose Financial Statements

Electricity (Information Disclosure) Regulations 1994

Notes to the Financial Statements

for the 12 Months ended 31 March 1996

Network Generation Energy Trading
1996 1995 1996 1995 1996 1995
$000 $000 $000 $000 $000 $000

3 Revenue

External Income | 20,065 | 20,282 | 9,658 | 583 | 23,125 | 21,305 |
Internal Notional Income| - | - | 2,806 | 9,361 | 593 | 691 |
Total Revenue | 20,065 | 20,282 | 12,464 | 9,944 | 23,716 | 21,996 |

4 Operating Expenses

Operating Expenses Comprise:

  • Transmission Charges

    • External | 6,204 | 5,964 | - | - | - | - |
    • Avoided | 2,806 | 2,202 | - | - | - | - |
  • Energy Charges

    • External | - | - | - | - | 21,979 | 15,145 |
    • Internal | - | - | - | - | - | 7,159 |
  • Distribution Maintenance | 2,066 | 2,894 | - | - | - | - |

  • Line Losses

    • Internal | 591 | 691 | - | - | - | - |
  • Personnel | 1,775 | 1,789 | 635 | 529 | 530 | 540 |

  • Plant, Equipment & Property | 407 | 440 | 541 | 745 | 84 | 71 |

  • Audit Costs | 18 | 31 | 4 | 6 | 4 | 7 |

  • Directors Costs | 102 | 73 | 22 | 15 | 22 | 16 |

  • Research & Investigations | - | - | 809 | 315 | - | - |

  • Other Operating Costs | 2,004 | 1,726 | 1,222 | 1,237 | 780 | 721 |

Total Operating Expenses | 13,973 | 15,810 | 3,233 | 2,847 | 23,399 | 23,659 |

5 Interest

Comprising:

  • Gross Interest | 550 | 671 | 435 | 144 | 118 | 143 |
  • Less Capitalised Interest | - | - | (317) | - | - | - |

Net Interest | 550 | 671 | 118 | 144 | 118 | 143 |



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Financial Statements, Electricity, Information Disclosure, Bay of Plenty Electricity Limited, Regulations 1994