New Zealand Gazette – 2000 – No. 111

Page 2800

✨ Financial Statements Notes

2800
NEW ZEALAND GAZETTE
No. 111

2.5 UnitedNetworks Limited
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
(continued)
For the year ended 31 March 2000

14 Transactions between related parties

Name of the Entity: UnitedNetworks Contracting Services Business Unit
Relationship: Provides the Network Business Unit maintenance and construction on system fixed assets and other assets
Total outstanding balance: $6,168,853 (included in Trade and other creditors)
Terms of settlement: Settled under normal terms of trade
Total debts w/o or forgiven: Nil

Construction of Subtransmission Assets	Quantity	Unit Price ($)	Expenditure ($000)	Period goods/services supplied
Construction of Zone Substations	8,959	$168	$1,504	1Apr99 - 31Mar00
Construction of Distribution Lines and Cables	409	$1,784	$730	1Apr99 - 31Mar00
Construction of Medium Voltage Switchgear	150,963	$48	$7,207	1Apr99 - 31Mar00
Construction of Distribution Transformers	470	$3,712	$1,745	1Apr99 - 31Mar00
Construction of Distribution Substations	654	$5,083	$3,324	1Apr99 - 31Mar00
Construction of Low Voltage Reticulation	426	$2,858	$1,217	1Apr99 - 31Mar00
Construction of Other System Fixed Assets as per ODV Handbook	179,136	$37	$6,548	1Apr99 - 31Mar00
Total reticulation asset additions	152	$370	$56	1Apr99 - 31Mar00
Maintenance Assets	341,169		$22,332
	22,556

15 Segmental reporting

The predominant activity of UnitedNetworks Limited is the ownership and operation of electricity distribution networks. All operations are conducted in New Zealand. During 1999 the company sold all of its assets and businesses involved in the generation and marketing of electricity to comply with the Electricity Industry Reform Act 1998.

VUW Te Waharoa — NZ Gazette 2000, No 111

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

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsFinancial, Statements, Notes, Related Parties, Segmental Reporting, UnitedNetworks Limited

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