✨ Financial Statements




NEW ZEALAND GAZETTE

No. 193

TRANSPOWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1998

3. REVENUE

1998 1997
$000 $000
Transmission services revenue 505,203 511,863
Wholesale market services revenue 42,953 32,069
Other revenue 8,737 6,410
Total Revenue 556,893 550,342

Related Party Transactions

Transmission services revenue from:

1998 1997
ECNZ Group 79,235 79,042
Contact Energy 13,900 17,126
Transpower Group associate 29,598 21,170

Wholesale market services revenue from:

1998 1997
ECNZ Group 5,595 7,213
Contact Energy 2,146 1,437
Transpower Group associate 11,370 8,878

Other revenue from:

1998 1997
ECNZ Group 128 273
Contact Energy 486 β€”
Transpower Group associate 286 349
BCL 3 95
Total 142,747 135,583

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

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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✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Revenue, Transmission services, Wholesale market services, Related Party Transactions, ECNZ, Contact Energy, BCL