New Zealand Gazette – 1999 – No. 107

Page 2548

✨ Financial Disclosure Report



2548 NEW ZEALAND GAZETTE No. 107

Horowhenua Energy Limited Line Business – Disclosure 1999

The method so prescribed differs in some respects from the method previously used in accordance with the Electricity Disclosure Guidelines issued by the Ministry of Commerce dated 23 June 1994. The 1998 comparative amounts have not been restated to comply with the methods set out in the Electricity (Information Disclosure) Regulations 1999.

2. Earnings before interest and taxation

Revenue

1999 $000 1998 $000
Invoiced to consumers by electricity retailers 4,043 -
Invoiced to consumers direct 16,067 20,363
Line/access charges 20,110 20,363
AC loss-rental 301 -
Interest 114 -
Other 424 745
Total Revenue 20,949 21,108

Expenditure

1999 $000 1998 $000
Transmission charges 4,779 4,525
Asset maintenance 2,881 2,559
Salaries and redundancies 1,209 1,649
Other human resource 182 281
Consumer billing 114 599
Depreciation 917 1,345
Corporate & administration 455 577
Directors fees 102 102
Marketing 109 176
Consultancy and legal 218 177
Discount 6,761 7,163
Audit fees 39 26
Bad debts 91 109
Change in provision for doubtful debts (70) (30)
Rental and lease costs 36 147
Other expense 18 837
Total Expenditure 17,841 20,242


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✨ LLM interpretation of page content

🏭 Financial and Performance Disclosure by Horowhenua Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 May 1999
Electricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited, Revenue, Expenditure