✨ Financial Statements
NEW ZEALAND GAZETTE
No. 129
BULLER ELECTRICITY LIMITED – LINE BUSINESS
iii Buller Electricity Limited purchased line construction and maintenance services at retail chargeout rates from its contracting division for the period 1 April 1999 to 31 March 2000. At year end there were no outstanding balances for related parties and no debts were written off or forgiven during the year.
| 2000 $ | |
|---|---|
| Construction of subtransmission assets | 0 |
| Construction of zone substations | 90,776 |
| Construction of distribution lines and cables | 43,044 |
| Construction of medium voltage switchgear | 7,647 |
| Construction of distribution transformers | 753 |
| Construction of distribution substations | 2,519 |
| Construction of low voltage reticulation | 16,129 |
| Construction of other system fixed assets | 0 |
| Maintenance of assets | 695,776 |
| Consumer connections and disconnections | 4,157 |
| Other services | 13,380 |
| 1999 $ | |
|---|---|
| Construction of subtransmission assets | 3,298 |
| Construction of zone substations | 145,440 |
| Construction of distribution lines and cables | 314,283 |
| Construction of medium voltage switchgear | 31,627 |
| Construction of distribution transformers | 42,232 |
| Construction of distribution substations | 52,981 |
| Construction of low voltage reticulation | 54,893 |
| Construction of other system fixed assets | 1,574 |
| Maintenance of assets | 494,607 |
| Consumer connections and disconnections | 1,413 |
| Other services | 32,942 |
8 COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
There are no commitments at balance date.
(1999 $ Nil)
Contingent Liability
There is a Contingent Liability for discrepancies that may arise on the reconciliation of energy transported versus energy charged by the various energy retailers.
(1999 $ Nil)
9 RECONCILIATION OF NET SURPLUS TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 2000 $ | 1999 $ | |
|---|---|---|
| Reported Net Surplus after tax | 235,055 | 520,500 |
Add (Less) Non Cash Items:
| | |
|-------------------------------|--------------|----------
| Depreciation | 531,716 | 500,135 |
| Deferred Tax Liability Increase (Decrease) | (154,093) | 46,776 |
| Vested Assets (Capital Contributions) | (39,353) | (82,896) |
| | 338,270 | 464,015 |
Add (Less) Movements in Working Capital Items
| | |
|-------------------------------|--------------|----------
| Decrease (Increase) in Tax Receivable | 326,870 | (356,472)|
| Decrease (Increase) in Receivables | 13,452 | (213,842)|
| Decrease (Increase) in Accounts Payable | 148,195 | 12,106 |
| Decrease (Increase) in other Current Assets | (2,086) | 0 |
Add (Less) Movements in Non-current Items
| | 486,431 | (558,208)|
Add (Less) Items Classified as Investing Activities
| | |
|-------------------------------|--------------|----------
| Net Loss (Gain) on Disposal of Assets | 32,293 | 201,548 |
| Net Cash Inflows from Operating Activities | 1,092,049 | 627,855 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 129
Gazette.govt.nz —
NZ Gazette 2000, No 129
✨ LLM interpretation of page content
🏭
Notes to and forming part of the Financial Statements for Buller Electricity Limited
(continued from previous page)
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