New Zealand Gazette – 2001 – No. 112

Page 2910

✨ Financial Statements

NEW ZEALAND GAZETTE

No. 112

	2001 $000	2000 $000
9 Equity
(a.) Shareholders’ equity -
(i) Share capital	18,000	18,000
(ii) Retained earnings	7,428	5,776
(iii) Reserves	38,330	27,947
(iv) Total shareholders’ equity	63,758	51,723
(b.) Minority interests in subsidiaries	-	-
(c.) Total equity	63,758	51,723
(d.) Capital notes	-	-
(e.) Total capital funds	63,758	51,723

| 10 Total Equity and Liabilities | 79,143 | 71,241 |

| 11 Operating revenue | | |
| (a.) Revenue from line/access charges | 18,766 | 18,340 |
| (b.) Line charge discount to consumers | (7,181) | (7,240) |
| (c.) Revenue from “other” business for services carried out by the line business (transfer payment) | - | - |
| (d.) Interest on cash, bank balances, and short-term investments | 94 | 129 |
| (e.) AC loss-rental rebates | 984 | 308 |
| (f.) Other operating revenue not listed in (a) to (d) | 236 | 363 |
| (g.) Total operating revenue listed in (a) to (d) | 12,899 | 11,900 |

| 12 Operating expenditure | | |
| (a.) Payment for transmission charges | 5,220 | 5,013 |
| (b.) Transfer payments to the “other” business for: | | |
| (i) Asset maintenance: | 2,825 | 1,987 |
| (ii) Consumer disconnection/reconnection services: | - | - |
| (iii) Meter data: | - | - |
| (iv) Consumer-based load control services: | - | - |
| (v) Royalty and patent expenses: | - | - |
| (vi) Avoided transmission charges on account of own generation: | - | - |
| (vii) Other goods and services not listed in (i) to (vi): | - | - |
| (viii) Total transfer payment to the “other” business | 2,825 | 1,987 |
| (c.) Expense to entities that are not related parties for: | | |
| (i) Asset maintenance: | 390 | 638 |
| (ii) Consumer disconnection/reconnection services: | - | - |
| (iii) Meter data: | - | - |
| (iv) Consumer-based load control services: | - | - |
| (v) Royalty and patent expenses: | 390 | 638 |
| (vi) Total of specified expenses to non-related parties | 390 | 638 |
| (d.) Employee salaries, wages and redundancies | 589 | 556 |
| (e.) Consumer billing and information systems | - | - |
| (f.) Depreciation on: | | |
| (i) System fixed assets: | 796 | 307 |
| (ii) Other assets not listed in (i): | 179 | 514 |
| (iii) Total depreciation | 975 | 821 |
| (g.) Amortisation of: | | |
| (i) Goodwill: | - | - |
| (ii) Other intangibles: | - | - |
| (iii) Total amortisation of intangibles | - | - |
| (h.) Corporate and administration | 215 | 547 |
| (i.) Human resource expenses | 73 | 35 |