✨ Financial Statements
4020 NEW ZEALAND GAZETTE No. 169
Financing activities include changes in equity and borrowings and their related servicing costs (dividends and interest).
Cash includes cash on hand, net cash at bank, call deposits and securities which may be converted to cash at the company’s option within no more than two working days.
(o) Changes in Accounting Policies
Other than the changes to the allocation methodologies which have been required as a consequence of the Electricity (Information Disclosure) Regulations 1999, there were no changes in Accounting Policies. All policies have been applied on a basis consistent with that used in previous years.
| 1999 $000 | 1998 $000 | |
|---|---|---|
| 2. CONTINUING AND DISCONTINUED ACTIVITIES | ||
| Continuing Activities - | ||
| Operating revenue | 15,583 | 15,751 |
| Operating surplus/(deficit) | 4,022 | 3,535 |
3. REVENUE
| Line Charges income | 14,901 | 14,914 |
| Other miscellaneous income | 682 | 837 |
| Total Revenue | 15,583 | 15,751 |
4. NET SURPLUS BEFORE TAXATION
Is stated after taking into account the following:
Income from:
| Line Charges invoiced to retailers | 6,164 | - |
| Line Charges invoiced to consumers | 8,737 | 14,914 |
| Interest received | 494 | 456 |
| Electricity hedges | - | 188 |
| Other Revenue | 188 | 381 |
Charges in respect of:
| Transfer payments: |
| Asset maintenance services | 2,072 | - |
| Avoided transmission charges | 0 | - |
| Disconnection/reconnection | 0 | - |
| Load control | 15 | - |
| Meter data | 6 | - |
| Other goods & services | 35 | - |
| Other payments: |
| Transmission charges | 3,442 | - |
| AC loss-rental rebates | (258) | - |
| Employee salaries & redundancies | 1,015 | - |
| Customer billing & information systems | 158 | - |
Depreciation on:
| - System fixed assets | 958 | - |
| - Capital works under construction | 0 | - |
| - Other | 243 | - |
| Total depreciation | 1,201 | 1,487 |
| Total corporate & administration expenses | 1,864 | - |
| Total human resources expense | 74 | - |
| Marketing/advertising | 50 | - |
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1999, No 169
NZLII —
NZ Gazette 1999, No 169
✨ LLM interpretation of page content
💰
Notes to Financial Statements of Eastland Network Limited
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Accounting Policies, Investments, Current Assets, Taxation, Leases, Research and Development, Foreign Currencies, Cash Flows, Eastland Network Limited, Gisborne