✨ 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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