New Zealand Gazette – 1999 – No. 121

Page 2889

✨ Financial Services Report

15 SEPTEMBER

NEW ZEALAND GAZETTE

Services provided by Connetics:

| | 1999
| | $000's | 1998
| | | $000's |
|----------------|--------|--------|
| Asset maintenance | | |
| - asset storage | 99 | 105 |
| - emergency work | 1,599 | 1,700 |
| - other asset maintenance | 2,907 | 3,091 |
| Total | 4,605 | 4,896 |

| Asset construction | | |
| - subtransmission assets | 72 | 88 |
| - zone substations | 151 | 186 |
| - distribution lines and cables | 3,117 | 3,830 |
| - medium voltage switchgear | 979 | 1,203 |
| - distribution transformers | - | - |
| - distribution substations | 450 | 553 |
| - low voltage lines and cables | 1,053 | 1,294 |
| - other system fixed assets | 369 | 453 |
| Total | 6,191 | 7,607 |

| Other services provided to line business | | |
| - meter data | - | - |
| - consumer-based load control | - | - |
| - disconnection/reconnection services | - | - |
| - avoided transmission charges | - | - |
| - other goods and services | - | - |
| Total | 10,796| 12,503 |

Balance outstanding at 31 March | 1,757 | 2,005 |

The Company has provided directors and some specialised administrative support to Connetics. These have been charged on a commercial arms-length basis.

Some spare transformers have been sold to Connetics. These have been on a negotiated basis.

No debts have been written off or forgiven during the year. Amounts are due the 20th of the month following date of invoice.

Payments received from Connetics for services | 52 | 50 |

Payments received from Connetics for transformers | 68 | 15 |

Balance outstanding at 31 March | 29 | 15 |

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VUW Te Waharoa — NZ Gazette 1999, No 121

NZLII — NZ Gazette 1999, No 121

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✨ LLM interpretation of page content

💰 Connetics Limited Services (continued from previous page)

Domain💰 Finance & Revenue
KeywordsConstruction, Maintenance Services, Contracts, Emergency Maintenance, System Spares, Financial Report

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