New Zealand Gazette – 2000 – No. 87

Page 2126

✨ Financial Statements

2126 NEW ZEALAND GAZETTE No. 87

NETWORK TASMAN LIMITED
LINE BUSINESS FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2000

	2000	1999
	$000	$000

9. Equity
(a) Shareholders' equity
(i) Share capital ... 14,280 ... 14,280
(ii) Retained earnings ... 15,916 ... 19,870
(iii) Reserves ... 49,833 ... 49,839
(iv) Total shareholders equity ... 80,029 ... 83,989
(b) Minority interests in subsidiaries ... 0 ... 0
(c) Total equity ... 80,029 ... 83,989
(d) Capital notes ... 0 ... 0
(e) Total capital funds ... 80,029 ... 83,989

10. Total equity and liabilities ... 82,956 ... 87,815

11. Operating revenue
(a) Revenue from line/access charges ... 14,677 ... 13,863
(b) Revenue from transmission charges ... 10,932 ... 9,998
(c) Line charge discounts to consumers ... (4,270) ... (106)
(d) Revenue from "other" business for services carried out by the line business ... 0 ... 0
(e) Interest on cash, bank balances and short-term investments ... 412 ... 219
(f) AC loss rental rebates ... 615 ... 939
(g) Other revenue not listed in (a) to (f) ... 1,247 ... 895
(h) Total operating revenue ... 23,613 ... 25,808

12. Operating expenditure
(a) Payment for transmission charges ... 11,071 ... 10,139
(b) Transfer payments to the "other" business for:
(i) Asset maintenance ... 900 ... 0
(ii) Consumer disconnections/reconnection services ... 57 ... 0
(iii) Meter data ... 0 ... 0
(iv) Consumer-based load control services ... 0 ... 0
(v) Royalty and patent expenses ... 0 ... 0
(vi) Avoided transmission charges on account of own generation ... 0 ... 0
(vii) Other goods and services not listed in (i) to (vi) above ... 3 ... 0
(viii) Total transfer payment to the "Other" business ... 960 ... 0

(c) Expense to entities that are not related parties for:
(i) Asset maintenance ... 1,169 ... 1,769
(ii) Consumer disconnections/reconnection services ... 46 ... 26
(iii) Meter data ... 0 ... 0
(iv) Consumer-based load control services ... 0 ... 0
(v) Royalty and patent expenses ... 0 ... 0
(vi) Total of specified expenses to non-related parties ... 1,215 ... 1,795
(d) Employee salaries, wages and redundancies ... 1,205 ... 1,338
(e) Consumer billing and information system expense ... 56 ... 285
(f) Depreciation on:
(i) System fixed assets ... 2,252 ... 2,255
(ii) Other assets not listed in (i) ... 248 ... 289
(iii) Total depreciation ... 2,500 ... 2,544
(g) Amortisation of:
(i) Goodwill ... 0 ... 0
(ii) Other intangibles ... 0 ... 0
(iii) Total amortisation of intangibles ... 0 ... 0
(h) Corporate and administration ... 212 ... 399
(i) Human resource expenses ... 35 ... 273
(j) Marketing/advertising ... 32 ... 87
(k) Merger and acquisition expenses ... 0 ... 0
(l) Takeover defence expenses ... 0 ... 0
(m) Research and development expenses ... 0 ... 0
(n) Consultancy and legal expenses ... 257 ... 207