New Zealand Gazette – 2000 – No. 162

Page 4198

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 162

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2000

4. OPERATING EXPENSES

LINES BUSINESS 2000 $000 LINES BUSINESS 1999 $000
Administration and general costs 41,920 45,742
Asset operation and maintenance costs 89,839 85,120

Charges in respect of assets:
Depreciation - leased assets 13,286 14,719
Depreciation - owned assets 74,261 76,878
Infrastructure asset service potential adjustment 18,957 14,139
Stock and asset write-offs 10,810 6,648

Charges in respect of receivables:
Bad debts written off 1 39
Movement in the provision for doubtful debts -243 (39)
Directors' fees 245 247
Donations 350 154
Lease and rental costs 2,479 2,212

| Total operating expenses | 252,248 | 247,864 |

Related party transactions

Expenses charged by:
ECNZ 293 20,400
Mighty River Power Limited - 2,383
Meridian Energy Limited - 70
Genesis Power Limited - 15
BCL 265 255
Contact Energy Limited - 3,802
558 26,920

Expenses charged by ECNZ relate to certain contracts for the operation and maintenance of components of the National Grid, systems costs and consultancy services.
Lease costs for communications sites are charged by BCL.

Net loss on the disposal of assets included in stock and asset write-offs:

| Net loss on the disposal of assets | 7,812 | 8,123 |

Electricity regulations additional disclosures:
Employee salaries and redundancies 20,218 19,616
Human resource expenses 1,855 2,377
Marketing/advertising expenses 228 158
Legal and consultancy expenses (including industry reform) 10,596 8,961
Corporate and administration expenses 4,725 4,322
Other 4,318 10,308

| Total Administration and General Expenditure | 41,920 | 45,742 |

| Payment for metering data | 900 | 900 |



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 162


Gazette.govt.nz — PDF NZ Gazette 2000, No 162




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Operating Expenses, Related Party Transactions, Transpower, ECNZ, Meridian Energy, Mighty River Power, Genesis Power, Contact Energy, Transmission Services