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New Zealand Gazette – 1996 – No. 173

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✨ Financial Statements Notes

4554 No. 173

NEW ZEALAND GAZETTE

TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1996

OPERATING EXPENSES

	1996	1995
	$000	$000
Administration and general costs	49,792	44,530
Asset operation and maintenance costs	115,886	119,489
Charges in respect of assets:
Depreciation - leased assets	6,959	8,278
Depreciation - owned assets	83,943	81,806
Infrastructure asset service potential adjustment	19,795	22,822
Stock and asset write offs	11,262	10,740
Charges in respect of receivables:
Bad debts written off	4	2
Movement in the provision for doubtful debts	623	1,306
Directors' fees	239	229
Donations	243	206
Lease and rental costs	2,588	2,861
Total Operating Expenses	291,334	292,269

Related Party Transactions

Expenses charged by:

	1996	1995
	$000	$000
ECNZ Group	20,641	57,238
BCL	365	572
Works Consultancy Services	2,581	175
Contact Energy	1,898	–
	25,485	57,985

Expenses charged by the ECNZ Group relate to contracts for the operation and maintenance of the National Grid, systems costs and consultancy services. Systems costs are also charged by Contact Energy. Lease costs for communications sites are charged by BCL. Works Consultancy Services provide engineering consultancy services.

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VUW Te Waharoa — NZ Gazette 1996, No 173

NZLII — NZ Gazette 1996, No 173

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated5 November 1996
KeywordsOperating Expenses, Financial Statements, Related Party Transactions, ECNZ Group, BCL, Works Consultancy Services, Contact Energy

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