✨ Financial Statements
2894
NEW ZEALAND GAZETTE
No. 115
Alpine Energy Limited (Lines)
Financial Statements Prepared in Accordance with the
Electricity (Information Disclosure) Regulations 1999 and the
Electricity (Information Disclosure) Amendment Regulations 2000
Notes to and Forming Part of the Financial Statements - Continued
for the Year Ending 31 March 2000
- Reconciliation Of Operating Surplus With Cash Flows From Operating Activities
| 2000 $'000 | 1999 $'000 | |
|---|---|---|
| Operating Surplus After Income Tax | 4,727 | 4,826 |
| Add/ (Deduct) Non Cash Items | ||
| Depreciation | 2,790 | 1,820 |
| Goodwill | 0 | 141 |
| 7,517 | 6,787 | |
| Add/ (Deduct) Movements in Working Capital | ||
| Increase in Debtors | 3,457 | (3,812) |
| Decrease in Deferred Tax | (230) | 140 |
| Decrease in Creditors | 286 | (265) |
| Decrease in Provision for Tax | 374 | (421) |
| 3,887 | (4,358) | |
| 11,404 | 2,429 |
- Related Party Transactions
Subsidiary Entity: Alpine Energy Powercom Limited
100% owned by Alpine Energy Limited
Asset maintenance and construction services were provided to the Lines Business over the full year 1 April 1999 to 31 March 2000.
Services were charged on both a fixed price basis (often after a competitive tender process), and a "time and materials" basis.
The outstanding balance as at 31 March 2000 was $668,307 all of which was current and due for payment on 20 April 2000.
No debts were written off or forgiven, and no transactions took place at nil or nominal value between the parties.
| 2000 $'000 | 1999 $'000 | |
|---|---|---|
| Asset Construction: | ||
| Subtransmission | 0 | 238 |
| Zone Substations | 23 | 29 |
| Distribution Lines and Cables | 705 | 855 |
| Medium Voltage Switchgear | 0 | - |
| Distribution Transformers | 0 | - |
| Distribution Substations | 0 | - |
| Low Voltage reticulation | 531 | 601 |
| Other | 0 | 1 |
| Maintenance of assets | 1,361 | 1,305 |
| Consumer Connections and Disconnections | - | - |
| Total Transactions | 2,620 | 3,029 |
LexisNexis
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 115
Gazette.govt.nz —
NZ Gazette 2000, No 115
✨ LLM interpretation of page content
🏗️
Financial Statements of Alpine Energy Limited - Continued
(continued from previous page)
🏗️ Infrastructure & Public WorksFinancial Statements, Operating Surplus, Cash Flows, Related Party Transactions, Asset Maintenance