New Zealand Gazette – 1999 – No. 180

Page 4277

✨ Financial Statements



26 NOVEMBER NEW ZEALAND GAZETTE 4277

REGULATION 6

WESTPOWER LIMITED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 March 1999

NOTE 1. REVENUE

1999 1998
$'000 $'000
Line/access charges via Independent Retailers 714
Special Discount via Independent Retailers -187
Line/access charges to Own Consumers 10,806
Special Discount to Own Customers -911
Interest on short-term investments 98
AC loss-rental rebates 160
Other 223
TOTAL REVENUE 10,903 11,341

NOTE 2. EXPENSES
Transmission Charges 1,872
Transfer Payments to "Other" business:
Asset Maintenance 2,894
Consumer disconnections and reconnections 0
Provision of meter data 0
Consumer-based load control 0
Other
Transfer Payments re avoided transmission charges 900
Charges from non-related entities:
Asset Maintenance 64
Consumer disconnections and reconnections 0
Provision of meter data 0
Consumer-based load control 0
Employee salaries & redundancies 487
Consumer billing and information system expense 25
Depreciation on system fixed assets 33
Depreciation on capital works under construction 0
Total depreciation 169
Corporate and administration 419
Other Human Resource expense 57
Marketing/Advertising 1
Merger and acquisition expenses 0
Takeover defence expenses 0
Research and development expenses 0
Consultancy and legal expenses 156
Electricity Hedges 0
Amortised goodwill 0
Subvention payments 0
Other expenditure 164
Interest Expense 955
TOTAL EXPENDITURE 8,163


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Financial Statements, Revenue, Expenses, Westpower Limited