New Zealand Gazette – 2000 – No. 98

Page 2465

✨ Financial Transactions

21 AUGUST NEW ZEALAND GAZETTE 2465

Services provided by Connetics:

	2000 $000's	1999 $000's
Asset maintenance
- asset storage	150	99
- emergency work	1,637	1,599
- other asset maintenance	3,565	2,907
	5,352	4,605
Asset construction
- subtransmission assets	153	72
- zone substations	217	151
- distribution lines and cables	2,820	3,117
- medium voltage switchgear	656	979
- distribution transformers	134	-
- distribution substations	976	450
- low voltage lines and cables	1,385	1,053
- other system fixed assets	141	369
	6,482	6,191
Other services provided to line business
- meter data	-	-
- consumer-based load control	-	-
- disconnection/reconnection services	-	-
- avoided transmission charges	-	-
- other goods and services	-	-
	11,834	10,796
Balance outstanding at 31 March	2,285	1,757

The Company has provided directors and some specialised administrative support to Connetics. These have been charged on a commercial arms-length basis.

Some spare transformers have been sold to Connetics. These have been on a negotiated basis.

No debts have been written off or forgiven during the year. Amounts are due the 20th of the month following date of invoice.


Payments received from Connetics for services	80	52
Payments received from Connetics for transformers	65	68
Balance outstanding at 31 March	7	29

Enersis

Enersis has provided information systems, communication systems and SCADA support and development to the Company during the period 1 April 1997 to 30 June 1999, at which stage it ceased operations with staff transferring to Orion.

VUW Te Waharoa — NZ Gazette 2000, No 98

Gazette.govt.nz — NZ Gazette 2000, No 98

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Related Parties Transactions (continued from previous page)

Domain💰 Finance & Revenue
KeywordsRelated Parties, Shareholders, Transactions, Dividends, Purchases, Revenues, Accounts Payable, Accounts Receivable

💰 Services provided by Connetics

Domain💰 Finance & Revenue
KeywordsAsset maintenance, Asset construction, Other services, Financial transactions

💰 Financial Transactions with Connetics

Domain💰 Finance & Revenue
KeywordsPayments, Transformers, Balance outstanding

💰 Services provided by Enersis

Domain💰 Finance & Revenue
KeywordsInformation systems, Communication systems, SCADA support

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