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New Zealand Gazette – 2000 – No. 118

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✨ Financial Statements Notes

1 SEPTEMBER

NEW ZEALAND GAZETTE

3003

THE LINES COMPANY LIMITED

Line Business Activity

Notes to the Financial Statements

For the Year Ended 31st March 2000

NOTE 2: CUSTOMER DISCOUNT

	2000
Discount Declared	$'000
	4,515
Less Taxation Effect	(1,490)
	$ 3,025

NOTE 3: TRANSFER PAYMENTS

Transfer Payments	2000	1999
Payments by Line Business to “Other” for:	$'000	$'000
Meter Data	0	49
Consumer Based Load control	0	0
Permanent Disconnection/Reconnection Services	4	5
Asset Maintenance Services	1,407	1,616
Avoided Transmission Charges	0	0
Other	125	145
	1,537	1,815

| Expense to non-related entities for: | | |
| Meter Data | 0 | 0 |
| Consumer Based Load control | 0 | 0 |
| Permanent Disconnection/Reconnection Services | 0 | 0 |
| Asset Maintenance Services | 226 | 226 |
| Avoided Transmission Charges | 816 | 0 |
| Other | 0 | 0 |
| | 1,042 | 226 |

Related Party Transactions

(a) Meter Data, Permanent Disconnection/Reconnection services and a majority of Asset maintenance Services are carried out by the “Other” Business Activities of The Lines Company Limited. Both parties are 100% owned by The Lines Company Limited.

(b) Permanent Disconnection or Reconnection are charged at $15.00 per Disconnection or Reconnection plus $9 per 15 minutes.

(c) Asset Maintenance Services are carried out by Lines Maintenance Teams, Electricians and Technicians. The labour charge out rate depends on the employment contract the individuals carrying out the work are on. An oncost is added to cover administration costs.

The rates are as follows (inclusive of oncost):

Lines Maintenance: $17.72 - $21.58 per hour.
Electricians: $22.06 - $23.06 per hour.
Technicians: $18.31 - $30.81 per hour.

Plant & Vehicle charge out rate ranges from $9.78 - $16.45 per hour.

VUW Te Waharoa — NZ Gazette 2000, No 118

Gazette.govt.nz — NZ Gazette 2000, No 118

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 the Financial Statements for The Lines Company Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Customer Discount, Transfer Payments, Related Party Transactions, The Lines Company Limited

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