New Zealand Gazette – 2001 – No. 163

Page 3976

✨ Financial Statements



3976

NEW ZEALAND GAZETTE

No. 163

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2001

  1. OPERATING EXPENSES
LINES BUSINESS 2001 $000 LINES BUSINESS 2000 $000
Administration and general costs 51,227 41,920
Asset operation and maintenance costs 101,514 89,839
Charges in respect of assets:
Depreciation - leased assets 13,391 13,286
Depreciation - owned assets 72,080 74,361
Infrastructure asset service potential adjustment 16,039 18,957
Stock and asset write-offs 7,125 10,810
Charges in respect of receivables:
Bad debts written off 16 1
Movement in the provision for doubtful debts - -
Directors' fees 266 245
Donations 349 350
Lease and rental costs 2,286 2,479
Total operating expenses 264,293 252,248

Related party transactions
Expenses charged by:
| | | |
| :--- | :---: | :---: |
| ECNZ | 31 | 293 |
| Mighty River Power Limited | - | - |
| Meridian Energy Limited | - | - |
| Genesis Power Limited | - | - |
| BCL | 243 | 265 |
| | 274 | 558 |

Expenses charged by ECNZ relate to rental charges.
Lease costs for communications sites are charged by BCL.

Net loss on the disposal of assets included in stock and asset write-offs:
| | | |
| :--- | :---: | :---: |
| Net loss on the disposal of assets | 5,528 | 7,812 |
| | 5,528 | 7,812 |

Electricity regulations additional disclosures:
| | | |
| :--- | :---: | :---: |
| Employee salaries and redundancies | 22,622 | 20,218 |
| Human resource expenses | 2,502 | 1,835 |
| Marketing / advertising expenses | 653 | 228 |
| Legal and consultancy expenses (including industry reform) | 10,603 | 10,596 |
| Corporate and administration expenses | 7,172 | 4,725 |
| Other | 7,675 | 4,318 |
| Total administration and general expenditure | 51,227 | 41,920 |

Transfer payments from "Other Transpower Businesses"
| | | |
| :--- | :---: | :---: |
| Payment for metering data | 900 | 900 |
| Payment for insurance | 2,935 | - |
| Total transfer payments from "Other Transpower Businesses" | 3,835 | 900 |
Local authority rates expense 1,096 -
Consumer billing and information system expense 458 459
Depreciation of system assets 74,210 72,876
Depreciation of other assets 11,261 14,771
Total depreciation 85,471 87,647
Bad debts written off 16 1
Movement in the provision for doubtful debts - -
Total cost of offering credit 16 1


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 163


Gazette.govt.nz — PDF NZ Gazette 2001, No 163




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Related Party Transactions, State-Owned Enterprises, Revenue, Operating Expenses, Capital Expenditure