New Zealand Gazette – 2000 – No. 71

Page 1607

✨ Financial Transactions Disclosure

28 JUNE NEW ZEALAND GAZETTE 1607

DISCLOSURE OF INFORMATION RELATING TO TRANSACTIONS BETWEEN PERSONS IN A PRESCRIBED BUSINESS RELATIONSHIP AND RELATED PARTIES (REGULATION 9)

The Line Business:	2000	1999	1998	1997
	$000	$000	$000	$000

Purchased the following services from the Contracting Business:

Maintenance associated with distribution substations | - | 132 | 577 | 755 |
Maintenance associated with LV and HV lines and cables | - | 543 | 2,225 | 2,368 |
Maintenance associated with zone substations | - | 192 | 728 | 526 |
Maintenance associated with subtransmission | - | 88 | 473 | 509 |
Maintenance associated with system control operation | - | 135 | 335 | 105 |
------|-------|-------|
| 1,090 | 4,338 | 4,263 |

Capital work relating to the development/improvement of the Network | - | - | 834 | 1,088 |
Distribution Substations | - | - | 80 | - |
Low Voltage Reticulation | - | - | 64 | - |
Distribution Lines and Cables | - | - | 135 | - |
| - | ... | 279 | ... |
| - | 1,369 | 5,172 | 5,351 |

In respect of the maintenance work, approximately 50% was subject to open tender with the remaining balance being charged on unit or market rates. All capital work was subject to open tender or established market rates. In respect of 1999, these transactions cover the period 1 April 1998 to 30 June 1998.

At balance date no monies were owed to the Contracting Business.

Purchased the following services from the Generation Business:
Share of avoided Transpower charges associated with the Waipori 33kV connection. In respect of 1999, these cover the period 1 April 1998 to 21 October 1998. | - | 651 | 957 | 400 |

Supplied the following service to the Generation Business:
Waipori 33kV use-of-system fee. In respect of 1999, these cover the period 1 April 1998 to 21 October 1998.
| - | 65 | 92 | 92 |
Net Cost | - | 586 | 6,037| 5,659|

At balance date no monies were owed to/from the Generation Business.

Purchased the following services from DELTA Utility Services Ltd:

Maintenance associated with Distribution Substation | 946 | 580 | - | - |
Maintenance associated with LV and HV Lines and Cables | 4,167 | 2,150 | - | - |
Maintenance associated with Zone Substations | 1,161 | 436 | - | - |
Maintenance associated with Subtransmission | 598 | 108 | - | - |
Maintenance associated with System Control Operation | 125 | 73 | - | - |
Network Management and Operation | 3,066 | 1,589 | - | - |
Other | 28 | 141 | - | - |
Total | 10,091 | 5,077 | - | - |

Network Capital Work and Development
Distribution Substations | 725 | 120 | - | - |
Low Voltage Reticulation | 1,197 | 165 | - | - |
Distribution Lines and Cables | 1,242 | 161 | - | - |
Transformers | 1,210 | - | - | - |
Zone Substations | 39 | - | - | - |
Total | 4,413 | 446 | - | - |

VUW Te Waharoa — NZ Gazette 2000, No 71

Gazette.govt.nz — NZ Gazette 2000, No 71

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Disclosure of Transactions Between Related Parties (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Transactions, Maintenance Services, Capital Work, Related Parties, Contracting Business, Generation Business, DELTA Utility Services Ltd

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