✨ Financial Statements




2502

NEW ZEALAND GAZETTE

No. 105

notes to and forming part of the financial statements

CentralPower Limited

  1. Operating Surplus Before Taxation for the Year
1999 $000's 1998 $000's
After charging:
Depreciation system fixed assets 4,440
Depreciation on capital works under construction 4
Total depreciation expense 5,364 4,420
Transmission charges 10,637
Payment by Line business to 'Other' for meter data 0
Payment by Line business to 'Other' for load control 0
Payment by Line business to 'Other' for Asset maintenance services 2,019
Payment by Line business to 'Other' for disconnection/ reconnection services 0
Avoided transmission charges on account of own generation 0
Payment by Line business to 'Other' for goods and services 0
Payment by Line business to non-related entity for meter data 0
Payment by Line business to non-related entity for load control 0
Payment by Line business to non-related entity for asset maintenance services 560
Payment by Line business to non-related entity for disconnection/reconnection services 0
Avoided transmission charges on account of any other cause other than own generation 0
Employee salaries and redundancies 2,202
Consumer billing and information system expense 429
Corporate and administration 982
Human resource expense 298
Marketing/advertising 21
Merger and acquisition expense 0
Takeover defense expense 0
Research and development expense 0
Amortised goodwill 0
Subvention payment 0
Consultancy and legal expenses 399
Electricity hedges 0
Other expenditure 268
Interest expense 2,556
Total expenditure 30,179

After crediting
Revenue to Lines business for goods and services provided to 'Other' | 0 |
Revenue from lines/access charges invoiced to consumers by electricity retailers | 5,611 |
Revenue from lines/access charges from Line business to final consumers | 30,865 |
AC Rental rebate | 2,047 |
Income from interest on short term investments | 19 | 601 |



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