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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🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd (continued from previous page)

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Financial Statements, Retained Earnings, Fixed Assets, Receivables, Accounts Payable, Related Parties, MainPower New Zealand Ltd