β¨ Financial Statements
23 SEPTEMBER NEW ZEALAND GAZETTE 3721
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 1998
| Network | Generation | Energy Trading | ||||
|---|---|---|---|---|---|---|
| 1998 | 1997 | 1998 | 1997 | 1998 | 1997 | |
| $000 | $000 | $000 | $000 | $000 | $000 |
3 Revenue
External Income 23,975 21,351 16,173 15,058 19,515 26,754
Internal Notional Income - - 3,041 2,917 - -
Total Revenue 23,975 21,351 19,214 17,975 19,515 26,754
4 Operating Expenses
Operating Expenses Comprise:
Transmission Charges
- External 6,307 6,418
- Avoided 3,041 2,917
Energy Charges
- External - - 5,363 4,212 16,376 24,237
- Internal - - - - 1,329 729
Distribution Maintenance 1,014 757
Line Losses
- Internal 1,026 662
Personnel 2,032 2,124 861 786 489 585
Plant, Equipment & Property 125 201 1,296 658 11 18
Bad Debts Written Off 26 8 - - 26 8
Directors' Costs 102 107 22 23 22 23
Donations 38 38 8 8 8 8
Rental and Operating Lease Obligations 9 29 18 6 9 6
Research & Investigations - - 176 391 - -
Other Operating Costs 3,028 2,361 1,777 1,514 498 567
Total Operating Expenses 16,748 15,622 9,521 7,598 18,769 26,181
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VUW Te Waharoa —
NZ Gazette 1998, No 156
NZLII —
NZ Gazette 1998, No 156
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Bay of Plenty Electricity Limited Financial Performance
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π Trade, Customs & IndustryElectricity, Financial Statements, Bay of Plenty, Regulations, Revenue, Operating Expenses, Surplus