✨ Financial Statements Notes
NOTES TO THE FINANCIAL STATEMENTS
| 2001 | 2000 | |
|---|---|---|
| $'000 | $'000 |
11 Operating revenue
a Revenue from line/access charges | 4,805 | 4,747
b Revenue from "Other" business for services carried out by the line business (transfer payment) | 0 | 0
c Interest on cash, bank balances and short term investments | 117 | 103
d AC loss-rental rebates | 218 | 158
e Other revenue not listed in (a) to (d) | 0 | (0)
f Total operating revenue | 5,140 | 5,008
12 Operating expenditure
a Payment for transmission charges | 1,654 | 1,608
b Transfer payments to the "Other" business for:
(i) Asset maintenance | 346 | 568
(ii) Consumer disconnection/reconnection services | 0 | 0
(iii) Meter data | 6 | 5
(iv) Consumer-based load control services | 6 | 6
(v) Royalty and patent expenses | 0 | 0
(vi) Avoided transmission charges on account of own generation | 0 | 0
(vii) Other goods and services not listed in (i) to (vi) above | 16 | 16
(viii) Total transfer payment to the "Other" business | 374 | 595
c Expense to entities that are not related parties for:
(i) Asset maintenance | 0 | 0
(ii) Consumer disconnection/reconnection services | 0 | 0
(iii) Meter data | 7 | 4
(iv) Consumer-based load control services | 0 | 0
(v) Royalty and patent expenses | 0 | 0
(vi) Total of specified expenses to non-related parties (sum of (i) to (v)) | 7 | 4
d Employee salaries, wages and redundancies | 244 | 217
e Consumer billing and information system expense | 16 | 17
f Depreciation on:
(i) System fixed assets | 262 | 253
(ii) Other assets not listed in (i) | 51 | 55
(iii) Total depreciation | 313 | 308
g Amortisation of:
(i) Goodwill | 0 | 0
(ii) Other intangibles | 0 | 0
(iii) Total amortisation of intangibles | 0 | 0
h Corporate and administration | 403 | 316
i Human resource expenses | 10 | 11
j Marketing/advertising | 26 | 16
k Merger and acquisition expenses | 0 | 0
l Takeover defence expenses | 0 | 0
m Research and development expenses | 0 | 0
n Consultancy and legal expenses | 0 | 0
o Donations | 0 | 1
p Directors' fees | 72 | 72
q Auditors' fees:
(i) Audit fees paid to principal auditors | 32 | 27
(ii) Audit fees paid to other auditors | 0 | 1
(iii) Fees paid for other services provided by principal and other auditors | 4 | 4
(iv) Total auditors' fees | 36 | 32
r Costs of offering credit:
(i) Bad debts written off | 0 | 0
(ii) Increase in estimated doubtful debts | 0 | 0
(iii) Total cost of offering credit | 0 | 0
s Local authority rates expense | 6 | 7
t AC loss-rentals (distribution to retailers/customers) expense | 0 | 0
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 129
Gazette.govt.nz —
NZ Gazette 2001, No 129
✨ LLM interpretation of page content
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Scanpower Limited Financial Statements for Lines Business
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🏭 Trade, Customs & IndustryFinancial Statements, Electricity, Operating Revenue, Operating Expenditure, Transfer Payments, Asset Maintenance, Depreciation, Amortisation, Corporate Expenses, Auditors' Fees