✨ 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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VUW Te Waharoa —
NZ Gazette 1999, No 129
NZLII —
NZ Gazette 1999, No 129
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Notes to the Financial Statements for Powerco Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Operating Revenue, Sales, Interest Revenue, Operating Expenses, Energy Purchases, Personnel Costs, Depreciation, Interest Expense, Corporate Administration, Marketing, Merger Costs, Powerco Limited