✨ Financial Statements
NEW ZEALAND GAZETTE
No. 120
MAINPOWER NEW ZEALAND LTD
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 2001
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 | |
| 1. Asset Maintenance | 2,594 | 2,425 |
| 2. Meter Maintenance | 23 | 16 |
| 3. Load Control Maintenance | 30 | 38 |
| 4. Construction of Distribution Substations | 76 | 78 |
| 5. Construction of Distribution Transformers | 1,036 | 655 |
| 6. Construction of Low Voltage Reticulation | 478 | 430 |
| 7. Construction of Distribution Lines and Cables | 360 | 678 |
| 8. Construction of Subtransmission Assets | - | 10 |
| 9. Construction of Other System Assets | 47 | 48 |
| 10. Construction of Medium Voltage Switchgear | - | - |
| 11. Construction of Zone Substations | - | 1 |
12. Reconciliation with Reported Operating Surplus
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 | |
| Reported Surplus After Taxation | 1,699 | 711 |
Non Cash Items
| 2001 | 2000 | |
|---|---|---|
| Depreciation | 3,949 | 4,088 |
| Customer Contributions | (1,298) | (1,109) |
| Movement in Deferred Tax | - | - |
| Assets Written Off | - | - |
| Movement in Gratuities | 13 | - |
| 2,664 | 2,979 |
Movements in Working Capital Items
| 2001 | 2000 | |
|---|---|---|
| (Increase)/Decrease Accounts Receivable | 5 | 298 |
| Increase/(Decrease) Accounts Payable | 374 | 148 |
| 379 | 446 |
Items Classified as Investing Activities
| 2001 | 2000 | |
|---|---|---|
| Gain on Sale of Assets | - | - |
| Loss on Sale of Assets | - | 85 |
| - | 85 |
| Net Cash Inflow from Operations | 4,742 | 4,221 |
13. Financial Instruments
Credit Risk: Financial instruments which potentially subject the company to a credit risk consist principally of bank deposits and receivables. Bank deposits are placed with high credit quality financial institutions. Concentrations of credit risk with respect to Receivables are subject to normal terms of trade. Regular monitoring of receivables is undertaken.
Foreign Exchange and Currency Instruments: The Company is not exposed to foreign exchange or currency risk.
Off-Balance Sheet Financial Instruments: The Company does not have any off-balance sheet financial instruments.
Fair Values: The fair value of the on-balance sheet financial instruments are represented by the carrying values.
14. Commitments and Contingent Liabilities
There are no significant capital commitments or contingent liabilities as at 31 March 2001 (2000, Nil).
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 120
Gazette.govt.nz —
NZ Gazette 2001, No 120
✨ LLM interpretation of page content
🏭
Notes to and Forming Part of the Financial Statements for MainPower New Zealand Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Asset Maintenance, Meter Maintenance, Load Control Maintenance, Construction of Distribution Substations, Construction of Distribution Transformers, Construction of Low Voltage Reticulation, Construction of Distribution Lines and Cables, Construction of Subtransmission Assets, Construction of Other System Assets, Construction of Medium Voltage Switchgear, Construction of Zone Substations, Reconciliation with Reported Operating Surplus, Depreciation, Customer Contributions, Movement in Deferred Tax, Assets Written Off, Movement in Gratuities, Movements in Working Capital Items, Gain on Sale of Assets, Loss on Sale of Assets, Net Cash Inflow from Operations, Credit Risk, Foreign Exchange and Currency Instruments, Off-Balance Sheet Financial Instruments, Fair Values, Commitments and Contingent Liabilities, MainPower New Zealand Limited