New Zealand Gazette – 1999 – No. 134

Page 3230

✨ Financial Statements

3230 NEW ZEALAND GAZETTE No. 134

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 1999

Line Business	1999 ($000s)	1998 ($000s)
1 Revenue
Line rental	49,704	49,995
Interest	1,001	127
AC Rental Rebates	1,785	—
Other income	—	578
Total Income	52,490	50,700

2 Operating Expenditure

Net profit before tax is stated after charging:

	($000s)
Transmission charges	10,910
Payments to other for asset maintenance	3,827
Employee salaries and redundancies	2,539
Customer billing & Information System expense	177
Depreciation on:
Distribution system	3,956
other assets	1,087
Total depreciation	5,044
Corporate & administration	396
Human resource expenses	190
Marketing & advertising	289
Merger and acquisition	497
Research & development	8
Consultancy & legal	2,566
Interest	51
Directors' Fees	124
Audit Fees	20
Other Fees paid to the auditors	—
Net loss/(gain) on sale of fixed assets	25
Bad Debts	298
Other expenditure	1,639
Total expenditure	28,600

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VUW Te Waharoa — NZ Gazette 1999, No 134

NZLII — NZ Gazette 1999, No 134

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.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for WEL Energy Group Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Revenue, Operating expenditure, Line business, Depreciation, Corporate overheads, Salaries, Billing, Consultancy, Legal fees, Interest, Audit fees, Asset sales, Bad debts

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