New Zealand Gazette – 1999 – No. 169

Page 4027

✨ Financial Statements and Network Acquisition

12 NOVEMBER NEW ZEALAND GAZETTE 4027

(b) to better the target availability indicators of:

	Target	Actual	Variance
SAIDI (Minutes per Customer)
Planned	175	164	-11
Unplanned	250	239	-11
Total	425	403	-22

| SAIFI (Interruptions per Customer) | | | |
| Planned | 1.38 | 1.33 | -0.05 |
| Unplanned | 3.86 | 2.83 | -1.03 |
| Total | 5.24 | 4.16 | -1.08 |

| CAIDI (Minutes per Interruption) | | | |
| Planned | 110 | 124 | +14 |
| Unplanned | 70 | 85 | +15 |
| Total | 82 | 97 | +15 |

SAIDI - System Average Interruption Duration Index
SAIFI - System Average Interruption Frequency Index
CAIDI - Customer Average Interruption Duration Index

21 EVENTS OCCURRING AFTER BALANCE DATE

21.1 Wairoa Network and Generation businesses:

In the last quarter of the financial year, Wairoa Power Limited offered its Network and Generation businesses for sale by tender. The Network Distribution system of Wairoa Power neighbours the company’s to the south, although the two networks are separated by some kilometres of hill country through the Wharerata Range.

Eastland Network Limited was successful in its bid to purchase these businesses, and the sale and purchase agreement was signed on 22 April 1999. The agreed price was $16.9 million and the business will incorporate the Wairoa Network operations as from 30 July 1999.

It is anticipated that this transaction will add significant value to the business.

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VUW Te Waharoa — NZ Gazette 1999, No 169

NZLII — NZ Gazette 1999, No 169

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 Financial Statements of Eastland Network Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Operating Lease Commitments, Contingent Liabilities, Financial Instruments, Credit Risk, Revenue Risk, Currency Risk, Eastland Network Limited, Regulatory Risk, Fair Values, Segmental Reporting, Performance Measures

💰 Events Occurring After Balance Date

Domain💰 Finance & Revenue
KeywordsWairoa Network, Generation businesses, Sale by tender, Acquisition, Eastland Network Limited, Financial transaction

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