✨ Financial Statements
NOTES TO THE FINANCIAL STATEMENTS
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 |
11 Operating revenue
a Revenue from line/access charges | 8,090 | 5,462
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: | 278 | 103
d AC loss-rental rebates | 314 | 158
e Other revenue not listed in (a) to (d) | 0 | 0
f Total operating revenue | 8,682 | 5,723
12 Operating expenditure
a Payment for transmission charges | 1,773 | 1,940
b Transfer payments to the "Other" business for:
(i) Asset maintenance | 713 | 355
(ii) Consumer disconnection/reconnection services | 0 | 0
(iii) Meter data | 0 | 0
(iv) Consumer-based load control services | 0 | 0
(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 | 0 | 0
Total transfer payment to the "Other" business | 713 | 355
c Expense to entities that are not related parties for:
(i) Asset maintenance | 26 | 22
(ii) Consumer disconnection/reconnection services | 0 | 0
(iii) Meter data | 15 | 0
(iv) Consumer-based load control services | 0 | 0
(v) Royalty and patent expenses | 0 | 0
Total of specified expenses to non-related parties (sum of (i) to (v)) | 41 | 22
d Employee salaries, wages and redundancies | 372 | 455
e Consumer billing and information system expense | 0 | 0
f Depreciation on:
(i) System fixed assets | 739 | 726
(ii) Other assets not listed in (i) | 8 | 90
(iii) Total depreciation | 747 | 816
g Amortisation of:
(i) Goodwill | 0 | 0
(ii) Other intangibles | 0 | 0
(iii) Total amortisation of intangibles | 0 | 0
h Corporate and administration | 0 | 0
i Human resource expenses | 7 | 0
j Marketing/advertising | 88 | 16
k Merger and acquisition expenses | 0 | 0
l Takeover defence expenses | 0 | 0
m Research and development expenses | 4 | 0
n Consultancy and legal expenses | 66 | 14
o Donations | 0 | 1
p Directors' fees | 66 | 0
q Auditors' fees
(i) Audit fees paid to principal auditors | 32 | 36
(ii) Audit fees paid to other auditors | 0 | 0
(iii) Fees paid for other services provided by principal and other auditors | 0 | 0
(iv) Total auditors' fees | 32 | 36
r Costs of offering credit
(i) Bad debts written off | 38 | 0
(ii) Increase in estimated doubtful debts | 0 | 0
(iii) Total cost of offering credit | 38 | 0
s Local authority rates expense | 0 | 0
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 131
Gazette.govt.nz —
NZ Gazette 2001, No 131
✨ LLM interpretation of page content
🏭
Centralines Limited Notes to the Financial Statements
(continued from previous page)
🏭 Trade, Customs & Industry31 March 2001
Financial Statements, Operating Revenue, Operating Expenditure, Centralines Limited