β¨ Financial Statements
WEL NETWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2001
| Line Business | 2001 ($000s) | 2000 ($000s) |
|---|---|---|
| 1 Operating Revenue | ||
| Line access charges | 49,858 | 49,817 |
| Interest | 421 | 4,502 |
| AC Rental Rebates | 2,048 | 674 |
| Revenue from other business | - | - |
| Other operating revenue | - | - |
| Total Operating Income | 52,327 | 54,993 |
2 Operating Expenditure
| 2001 ($000s) | 2000 ($000s) | |
|---|---|---|
| Transmission charges | 11,148 | 12,122 |
| Transfer payments to Other business for: | ||
| Asset Maintenance | 4,263 | 3,964 |
| Disconnections/Reconnection | - | - |
| Meter data | - | - |
| Consumer based load control | - | - |
| Avoided transmission (own generation) | - | - |
| Royalties & patents | - | - |
| Other goods/services | - | - |
| Total | 4,263 | 3,964 |
| Expenses to entities that are not related parties for: | | |
| Asset Maintenance | - | - |
| Disconnections/Reconnection | - | - |
| Meter data | - | - |
| Consumer based load control | - | - |
| Royalties & patents | - | - |
| Other goods/services | - | - |
| Total | - | - |
| Employee salaries and redundancies | 3,204 | 3,660 |
| Customer billing & Information System expense | - | 2 |
| Depreciation on: | | |
| Distribution system | 4,473 | 4,264 |
| Other assets | 2,209 | 1,557 |
| Total | 6,682 | 5,821 |
| Amortisation of: | | |
| Goodwill | - | - |
| Other Intangibles | - | - |
| Total | - | - |
| Corporate & administration | 385 | 667 |
| Human resource expenses | 326 | 503 |
| Marketing & advertising | 331 | 371 |
| Merger and acquisition | - | - |
| Takeover defence | - | - |
| Research & development | 10 | 1 |
| Consultancy & legal | 627 | 1,053 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 110
Gazette.govt.nz —
NZ Gazette 2001, No 110
β¨ LLM interpretation of page content
π
Statement of Accounting Policies for WEL Networks Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Operating Revenue, Operating Expenditure, Line Business, Transmission Charges, Asset Maintenance, Depreciation, Amortisation, Corporate Administration