✨ Financial Statements
Network Tasman Limited
Line Business Financial Statements
Notes to the financial statements
For the year ended 31 March 2001
| 2001 $000 | 2000 $000 |
|---|
9. Equity
(a) Shareholders’ equity
(i) Share capital | 14,280 | 14,280 |
(ii) Retained earnings | 18,169 | 15,916 |
(iii) Reserves | 49,096 | 49,833 |
(iv) Total shareholders equity | 81,545 | 80,029 |
(b) Minority interests in subsidiaries | 0 | 0 |
(c) Total equity | 81,545 | 80,029 |
(d) Capital notes | 0 | 0 |
(e) Total capital funds| 81,545 | 80,029 |
10. Total equity and liabilities
| Total equity and liabilities | 84,113 | 82,956 |
11. Operating revenue
(a) Revenue from line/access charges | 27,331 | 25,609 |
(b) Line charge discounts to consumers | (4,336) | (4,270) |
(c) Revenue from “other” business for services carried out by the line business | 0 | 0 |
(d) Interest on cash, bank balances and short-term investments | 714 | 412 |
(e) AC loss rental rebates | 2,336 | 615 |
(f) Other revenue not listed in (a) to (e) | 1,154 | 1,247 |
(g) Total operating revenue | 27,199 | 23,613 |
12. Operating expenditure
(a) Payment for transmission charges | 11,758 | 11,071 |
(b) Transfer payments to the “other” businesses for:
(i) Asset maintenance | 0 | 900 |
(ii) Consumer disconnections/reconnection services | 0 | 57 |
(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 | 3 |
(viii) Total transfer payment to the “Other” business | 0 | 960 |
(c) Expense to entities that are not related parties for:
(i) Asset maintenance | 2,587 | 1,169 |
(ii) Consumer disconnections/reconnection services | 6 | 46 |
(iii) Meter data | 0 | 0 |
(iv) Consumer-based load control services | 0 | 0 |
(v) Royalty and patent expenses | 0 | 0 |
(vi) Total of specified expenses to non-related parties | 2,593 | 1,215 |
(d) Employee salaries, wages and redundancies | 1,138 | 1,205 |
(e) Consumer billing and information system expense | 65 | 56 |
(f) Depreciation on:
(i) System fixed assets | 2,347 | 2,252 |
(ii) Other assets not listed in (i) | 294 | 248 |
(iii) Total depreciation | 2,641 | 2,500 |
(g) Amortisation of:
(i) Goodwill | 0 | 0 |
(ii) Other intangibles | 0 | 0 |
(iii) Total amortisation of intangibles | 0 | 0 |
(h) Corporate and administration | 250 | 212 |
(i) Human resource expenses | 33 | 35 |
(j) Marketing/advertising | 94 | 32 |
(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 | 220 | 257 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 73
Gazette.govt.nz —
NZ Gazette 2001, No 73
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Network Tasman Limited Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Equity, Operating Revenue, Operating Expenditure