✨ Financial Statements Supplement
NEW ZEALAND GAZETTE
No. 128
MAINPOWER NEW ZEALAND LTD
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 1999
(ii) MainPower New Zealand Limited – Other
MainPower New Zealand Limited-Other provided power system contracting services, administration, property, and other support services during the current financial year which include:
| $000 | |
|---|---|
| 1. Asset Maintenance | 2,389 |
| 2. Meter Maintenance | 175 |
| 3. Load Control Maintenance | 96 |
| 4. Construction of Substations | 848 |
| 5. Construction of Transformers | 654 |
| 6. Construction of Low Voltage Reticulation | 633 |
| 7. Construction of Distribution Lines and Cables | 511 |
| 8. Construction of Subtransmission Assets | 287 |
| 9. Construction of Other System Assets | 261 |
9. Opening Equity
The opening equity for the 1998/99 year has been adjusted to reflect the avoidable cost methodology required by the Electricity Information Disclosure Handbook. In particular, the Company’s property and financing activities have been treated as “other” business activities and excluded from the line business. The effect of this change was to reduce the opening equity by $17,005,000.
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VUW Te Waharoa —
NZ Gazette 1999, No 128
NZLII —
NZ Gazette 1999, No 128
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Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd
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