New Zealand Gazette – 1999 – No. 125

Page 3002

✨ Financial Statements Notes

3002

NEW ZEALAND GAZETTE

No. 125

2.5 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)
For the year ended 31 March 1999

Expenses	1999 ($000)	1998 ($000)
Transmission charges	67,150
Avoided transmission charges	3,746
Asset maintenance	16,004
- 'OTHER'	3,692
- non related entities
Consumer disconnections/reconnections	3
- 'OTHER'	-
- non related entities	-
Meter data	-
- 'OTHER'	-
- non related entities	-
Consumer-based load control services	-
- 'OTHER'	-
- non related entities	-
Expense of other goods and services - 'OTHER'	21
Employee salaries and redundancies	11,258
Consumer billing and information system	1,931
Total depreciation includes:	27,120	22,440
- depreciation on system fixed assets	21,599
- depreciation on capital works under construction	38
Corporate and administration includes:	7,845
- Audit fees	166	122
- Other fees paid to auditors	388	310
- Directors fees	406	492
- Lease and rental	134	209
Total other human resources	274
Marketing / advertising	2,001
Merger and acquisition	17,226
Takeover defence	-
Research and development	195
Consultancy and legal	3,097
Electricity hedges	-
Amortisation of goodwill	19
Amortisation of identifiable intangibles	2,766
Subvention payments	-
Other expenditure includes:	3,301
- Bad debts written off	972	202
- (Decrease) increase in doubtful debts provision	(402)	433

Comparative information has not been disclosed as The Electricity (Information Disclosure) Regulations 1999 Schedule 1 – Part 2 applies from the 1999 financial year onwards.

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VUW Te Waharoa — NZ Gazette 1999, No 125

NZLII — NZ Gazette 1999, No 125

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

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💰 Notes to Financial Statements for the year ended 31 March 1999 (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Expenses, Transmission Charges, Depreciation, Corporate Administration, Audit Fees, Marketing, Research and Development, Amortisation

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