New Zealand Gazette – 2000 – No. 69

Page 1577

✨ Financial Statements

26 JUNE NEW ZEALAND GAZETTE 1577

| | 2000
| | $000 | 1999
| | | $000
|----------------|------|------|
| 6 Funding | | |
| (a.) Long-term debt | 12,750 | 3,250 |
| (b.) Equity | 51,723 | 63,416 |
| (c.) Other funding not listed in (a) or (b) | - | - |
| (d.) Total funding | 64,473 | 66,666 |

| 7 Total equity and liabilities (total assets) | 71,241 | 72,313 |

| 8 Revenue | | |
| (a.) Revenue from line/access charges | | |
| i. Revenue invoiced to consumers by electricity retailers | 18,340 | 4,043 |
| ii. Revenue invoiced to consumers by line owner | - | 16,067 |
| (b.) Revenue from "Other" business (transfer payment) | - | - |
| (c.) Income from interest on short term investments | 129 | 114 |
| (d.) AC loss-rental rebates | 308 | 301 |
| (e.) Electricity hedges | - | - |
| (f.) Other revenue not listed in (a) to (e) | 363 | 424 |
| (g.) Total revenue | 19,140 | 20,949 |

| 9 Expenditure | | |
| (a.) Transmission charges | 5,013 | 4,779 |
| Expenses for services by “Other” business | | |
| (b.) Asset maintenance | 1,987 | 2,294 |
| (c.) Consumer disconnections/reconnections | - | - |
| (d.) Meter data | - | - |
| (e.) Consumer-based load control | - | - |
| (f.) Avoided transmission charges for own generation | - | - |
| (g.) Other goods and services | - | - |
| Expenses for services by non-related entities | | |
| (h.) Asset maintenance | 638 | 587 |
| (i.) Consumer disconnections/reconnections | - | - |
| (j.) Meter data | - | - |
| (k.) Consumer-based load control | - | - |
| Other expenses | | |
| (l.) Employee salaries and redundancies | 556 | 1,209 |
| (m.) Consumer billing and information system | - | 114 |
| (n.) Depreciation on system fixed assets | 307 | 368 |
| (o.) Depreciation on capital works under construction | - | - |
| (p.) Total depreciation | 821 | 917 |
| (q.) Corporate & administration | 547 | 455 |
| (r.) Total other human resource | 35 | 182 |
| (s.) Marketing and advertising | 278 | 109 |
| (t.) Merger and acquisition | - | - |
| (u.) Takeover defence | - | - |
| (v.) Research and development | - | - |
| (w.) Consultancy and legal | 265 | 218 |
| (x.) Electricity hedges | - | - |
| (y.) Amortised goodwill | - | - |
| (z.) Subvention expenses | - | - |
| (za.) Other expense | 451 | 216 |
| (zb.) Total Expenses | $10,591 | $11,080 |