✨ Financial Statements
8 OCTOBER NEW ZEALAND GAZETTE 3443
BAY OF PLENTY ELECTRICITY LIMITED
Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999
NOTES TO THE FINANCIAL STATEMENTS
| Lines Business 1999 $000 | Lines Business 1998 $000 |
|---|
2 OPERATING SURPLUS BEFORE TAXATION ITEMS
Operating revenue includes the following items:
- External Income 23,975
New revenue disclosure items:
- Revenue from line access charges invoiced to final consumers 24,741
- Gain on Sale of Fixed Assets 350
- AC loss-rental rebates 830
Operating expenditure comprises the following items:
- Transmission Charges - External 5,656 6,307
- Avoided transmission charges on account of own generation 3,065 3,041
- Expenses to non-related entities for asset maintenance services 1,211 1,014
- Line Losses - Internal 1,026
- Personnel 1,652 2,032
- Plant, Equipment & Property 125
- Bad Debts Written Off 42 26
- Directors' Remuneration 139 102
- Donations 38
- Rental and Operating Lease Obligations (refer note 14) 15 9
- Depreciation on System Fixed Assets 1,298
- Depreciation on Other Fixed Assets 428
- Total Depreciation 1,726 1,880
- Other Operating Costs 1,402 2,999
New expenditure disclosure items:
- Loss on Sale of Fixed Assets 153
- Auditors' Remuneration and Expenses (refer note 15) 45 29
- Customer Billing and Information System 394
- Total Corporate and Administration Expense 733
- Total Human Resource Expenditure 82
- Marketing / Advertising 2
- Consultancy and Legal Expenses 272
3 INTEREST
Net Interest comprises:
-
Interest Expense 3,658 -621
-
Interest Income (98) (32)
Net Interest 3,560 589
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VUW Te Waharoa —
NZ Gazette 1999, No 144
NZLII —
NZ Gazette 1999, No 144
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Financial Statements for Bay of Plenty Electricity Limited
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