✨ Financial Statements Notes




3906

NEW ZEALAND GAZETTE

No. 165

TRANSPOWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1997

  1. REVENUE
1997 1996
$000 $000
Transmission services revenue 511,863 534,873
Wholesale market services revenue 32,069 -
Other revenue 6,410 6,423
Total Revenue 550,342 541,296

Related Party Transactions

Transmission services revenue from:

ECNZ Group
103,505
141,554

Contact Energy
17,126
7,667

Transpower Group associate
40,894

Wholesale market services revenue from:

ECNZ Group
7,213

Contact Energy
1,437

Transpower Group associate
8,878

Other revenue from:

ECNZ Group
273
132

Contact Energy

8

Transpower Group associate
349

BCL
95

179,770 149,361

Transmission revenue consists of charges for the transmission of electricity from the point of generation to the point of supply.

The wholesale electricity market commenced on 1 October 1996. Following the commencement of the market, certain services previously provided as transmission services are now provided as services to the wholesale market. Wholesale market services revenue includes revenue from a range of security service products and grid operator services. The associated costs for security products, which are passed onto the end users, are disclosed in note 4.



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🏭 Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Related Party Transactions, State-Owned Enterprises, Revenue, Operating Expenses, Capital Expenditure