New Zealand Gazette – 2001 – No. 104

Page 2657

✨ Financial Statements Notes



28 AUGUST

NEW ZEALAND GAZETTE

2657

2.5 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)

2001 ($000) 2000 ($000)

3 OPERATING EXPENDITURE

Payment for transmission charges

98,847 | 105,277

Transfer payments to the "other" business for:

  • Asset maintenance
    24,934 | 22,556
  • Consumer disconnection/reconnection services
    • | -
  • Meter data
    • | -
  • Consumer-based load control services
    • | -
  • Royalty and patent expenses
    • | -
  • Avoided transmission charges on account of own generation
    • | -
  • Other goods and services not listed above
    12 | -

Total transfer payment to the "other" business

24,946 | 22,556

Expense to entities that are not related parties for:

  • Asset maintenance
    6,084 | 6,584
  • Consumer disconnection/reconnection services
    • | -
  • Meter data
    • | -
  • Consumer-based load control services
    • | -
  • Royalty and patent expenses
    • | -

Total of specified expenses to non-related parties

6,084 | 6,584

Employee salaries, wages, and redundancies

15,134 | 12,488

Consumer billing and information system expense

129 | 580

Depreciation on:

  • System fixed assets
    37,658 | 37,545
  • Other assets not above
    5,239 | 4,930

Total depreciation

42,897 | 42,475

Amortisation of:

  • Goodwill
    87 | 88
  • Other intangibles
    13,389 | 13,387

Total amortisation of intangibles

13,476 | 13,475

Corporate and administration

6,597 | 7,450

Human resource expenses

420 | 352

Marketing/advertising

922 | 727

Merger and acquisition expenses

(152) | 1,750

Takeover defence expenses

  • | -

Research and development expenses

117 | 81

Consultancy and legal expenses

3,430 | 5,419

Donations

(3) | 29

Directors' fees

188 | 280

Auditors' fees:

  • Audit fees paid to principal auditors
    197 | 170
  • Audit fees paid to other auditors
    • | 31
  • Fees paid for other services provided by principal and other auditors
    248 | 697

Total auditors' fees

445 | 898

Cost of offering credit:

  • Bad debts written off
    61 | 43
  • Increase in estimated doubtful debts
    20 | 36

Total cost of offering credit

81 | 79

Local authority rates expense

462 | 513

AC loss - rental rebates (distribution to retailers/customers)

  • | -

Rebates to consumers due to ownership interest

  • | -

Subvention payments

4,706 | 3,600

Unusual expenses

  • | -

Other expenditure not listed above

24 | 1,533

Total operating expenditure

218,750 | 226,146



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 104


Gazette.govt.nz — PDF NZ Gazette 2001, No 104




✨ LLM interpretation of page content

🏭 Notes to Financial Statements for UnitedNetworks (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Expenditure, Transmission Charges, Transfer Payments, Asset Maintenance, Employee Salaries, Depreciation, Amortisation, Corporate Administration, Human Resources, Marketing, Mergers, Acquisitions, Research, Consultancy, Legal Expenses, Auditors' Fees, Credit Costs, Local Authority Rates, Subvention Payments