New Zealand Gazette – 2000 – No. 111

Page 2793

✨ Financial Statements



28 AUGUST NEW ZEALAND GAZETTE 2793

2.5 UnitedNetworks Limited

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

(continued)

For the year ended 31 March 2000

2000 1999
($'000) ($'000)

2 Revenue

(a) Line / access charges OTHER' business for services carried out by UnitedNetworks | 370,376 | 217,335 |

(b) | - | - |

(c) Interest Received | 836 | 402 |

(d) AC loss-rental rebates | 7,084 | 7,134 |

(e) Other revenue | 11,776 | 7,210 |

(f) Total Operating Revenue | 390,072 | 232,081 |

3 Expenses

(a) Transmission Charges | 105,277 | 67,831 |

(b) Transfer payments to "Other" business for:

(i) Asset Maintenance                       | 22,556    | 16,004    |
(ii)    Consumer disconnection/reconnections                | -     | 3     |
(iii)   Meter data                          | -     | -     |
(iv)    Consumer based load control services                | -     | -     |
(v) Royalty and patent expenses                 | -     | -     |
(vi)    Avoided transmission charges on account of own generation   | -     | 3,065     |
(vii)   Other goods and services not listed in (i) to (vi) above        | -     | 21        |
(viii)  **Total transfer payment to the "Other" business**      | **22,556** | **19,093** |

(c) Expense to entities that are not related parties for:

(i) Asset Maintenance                       | 6,584     | 3,692     |
(ii)    Consumer disconnection/reconnections                | -     | -     |
(iii)   Meter data                          | -     | -     |
(iv)    Consumer based load control services                | -     | -     |
(v) Royalty and patent expenses                 | -     | -     |
(vi)    **Total of specified expenses to non-related parties**  | **6,584** | **3,692** |

(d) Employee salaries, wages and redundancies | 12,488 | 11,258 |

(e) Consumer billing and information system | 580 | 1,931 |

(f) Depreciation on:

(i) System fixed assets                     | 37,545    | 21,599    |
(ii)    Other assets not listed in (i)                  | 4,930     | 5,521     |
(iii)   **Total depreciation**                  | **42,475** | **27,120** |

(g) Amortisation of:

(i) Goodwill                            | 88        | 19        |
(ii)    Identifiable Intangibles                        | 13,387    | 2,766     |
(iii)   **Total amortisation of intangibles**               | **13,475** | **2,785** |

(h) Corporate and Administration | 7,450 | 7,028 |

(i) Human resource expenses | 352 | 274 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 111


Gazette.govt.nz — PDF NZ Gazette 2000, No 111




✨ LLM interpretation of page content

🏭 Notes to Financial Statements of UnitedNetworks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial, Statements, Notes, Revenue, Expenses, Depreciation, Amortisation, UnitedNetworks Limited