β¨ 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
- 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.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1997, No 165
NZLII —
NZ Gazette 1997, No 165
β¨ LLM interpretation of page content
π
Notes to the Financial Statements
(continued from previous page)
π Trade, Customs & IndustryAccounting Policies, Related Party Transactions, State-Owned Enterprises, Revenue, Operating Expenses, Capital Expenditure