✨ 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 PDF NZ Gazette 2001, No 110


Gazette.govt.nz PDF NZ Gazette 2001, No 110





✨ LLM interpretation of page content

🏭 Statement of Accounting Policies for WEL Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Operating Expenditure, Line Business, Transmission Charges, Asset Maintenance, Depreciation, Amortisation, Corporate Administration