New Zealand Gazette – 2000 – No. 91

Page 2214

✨ Financial Performance Statement

2214
NEW ZEALAND GAZETTE
No. 91

Network Waitaki Limited (Lines)

Statement of Financial Performance for the Year Ended 31 March 2000

REVENUE

Note	2000 $	1999 $
Operating revenue
Revenue from line/access charges	8,951,174	6,755,334
Revenue from "Other" business for services carried out by the line business	0	0
Interest on cash, bank balances and short term investments	230,787	137,753
AC loss-rental rebates	130,093	123,710
Other revenue not listed above
Capital Contributions	87,348	123,646
Use of money Interest	0	1,069
Other	0	42,657
Total operating revenue	9,399,402	7,184,169

EXPENDITURE

	2000 $	1999 $
Operating expenditure
Payment for transmission charges	2,889,079	2,834,271
Transfer payments to the "Other" business for
Asset maintenance	526,510	366,201
Consumer disconnection/reconnection services	0	0
Meter data	0	0
Consumer-based load control services	0	0
Royalty and patent expenses	0	0
Avoided transmission charges on account of own generation	0	0
Other goods and services	30,302	0
Total transfer payment to the "Other" business	556,812	366,201
Expense to entities that are not related parties for
Asset maintenance	91,262	178,454
Consumer disconnection/reconnection services	0	0
Meter data	0	0
Consumer-based load control services	0	0
Royalty and patent expenses	0	0
Total of specified expenses to non-related parties	91,262	178,454
Employee salaries, wages and redundancies	345,074	473,175
Consumer billing and information system expense	46,060	61,056
Depreciation on
System fixed assets	1,493,905	685,224
Other assets	218,603	139,865
Total depreciation	1,712,508	825,089
Amortisation of
Goodwill	0	0
Other intangibles	0	0
Total amortisation of intangibles	0	0
Corporate and administration	95,891	84,448
Human resource expenses	77,766	64,441
Marketing/advertising	3,471	6,046
Merger and acquisition expenses	25,665	0
Research and development expenses	0	0
Consultancy and legal expenses	180,551	29,192
Donations	0	0
Directors' fees	88,480	60,000
Auditors' fees
Audit fees paid to principal auditors	26,500	20,000
Audit fees paid to other auditors	0	0
Fees paid for other services provided by principal and other auditors	3,500	0
Total auditors' fees	30,000	20,000