β¨ Financial Statements Notes
8 OCTOBER NEW ZEALAND GAZETTE 3475
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1999
Lines Business
1999 1998
1. REVENUE FROM DISCONTINUED ACTIVITIES
Line rental:
invoiced by electricity retailer ... 0
invoiced by line owner ... 7,056,046 ... 7,456,716
Revenue received from 'other' ... 0
Interest received ... 268,798 ... 215,514
AC loss-rental rebates ... 378,584
Electricity hedges ... 0
Capital contributions from customers ... 32,232 ... 196,596
Gain on sale of fixed assets ... 0
Other income ... 526 ... 22,196
Total revenue ... 7,736,186 ... 7,891,022
2. EXPENSES FROM DISCONTINUED ACTIVITIES
Included in Operating Expenses are the following items:
Transmission charges ... 2,072,282 ... 2,018,172
Asset maintenance
- Other ... 1,877,778
- Non-related entity ... 208,642
Consumer disconnections/reconnections - Other ... 10,004
- Non-related entity ... 0
Meter data provision - Other ... 84,286
- Non-related entity ... 68,016
Consumer-based load control services - Other ... 17,039
- Non-related entity ... 0
Avoided transmission charges ... 490,668
Other goods and services provided by 'other' ... 0
Consumer billing and information system expense ... 162,879
Employee salaries and redundancies ... 281,885
Depreciation: - system fixed assets ... 674,268
- capital works under construction ... -
- other fixed assets ... 115,618
Total depreciation expense ... 789,886 ... 898,875
Corporate and administration ... 562,210
Total other human resources expenses ... 16,551
Marketing and advertising ... 15,461
Merger and acquisition expenses ... 0
Takeover defence expenses ... 0
Research and development expenses ... 0
Consultancy and legal expenses ... 7,081
Electricity hedges ... 0
Amortised goodwill ... 0
Subvention payments ... 0
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VUW Te Waharoa —
NZ Gazette 1999, No 145
NZLII —
NZ Gazette 1999, No 145
β¨ LLM interpretation of page content
π
Statement of Accounting Policies for King Country Energy Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Revenue, Expenses, Discontinued Activities, Line Rental, Interest, Capital Contributions, Operating Expenses, Transmission Charges, Asset Maintenance, Depreciation, Corporate Administration