Financial Statements Notes




20 SEPTEMBER NEW ZEALAND GAZETTE 3115

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1999

8 OPERATING REVENUE

Operating Revenue for the year ended 31 March 1999

Comprises: Line 1999 Line 1998
$000 $000
Sales 69,058 68,123
AC loss-rental rebates 1,393
Interest revenue 113 199
69,172 68,322

9 OPERATING EXPENSES

Specific disclosures Line 1999 Line 1998
$000 $000
Energy purchases and transmission 16,599 17,583
Personnel costs 6,881 7,693
Human resource costs 272
Consumer billing & information system expense 167 207
Depreciation on system assets 11,128 9,796
Total depreciation 13,075 11,030
Interest expense 2,357 6,698
Corporate & administration 1,961 1,513
Marketing & advertising 501 374
Merger & acquisition costs 136
Total expenditure 47,901 50,634


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🏭 Notes to the Financial Statements for Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Sales, Interest Revenue, Operating Expenses, Energy Purchases, Personnel Costs, Depreciation, Interest Expense, Corporate Administration, Marketing, Merger Costs, Powerco Limited