New Zealand Gazette – 2001 – No. 80

Page 1879

✨ Financial Statements

31 JULY NEW ZEALAND GAZETTE 1879

Network Waitaki Limited (Lines)

Statement of Financial Performance for the Year Ended 31 March 2001

REVENUE

Note	2001 $	2000 $
Operating revenue
Revenue from line/access charges	8,861,138	8,951,174
Revenue returned as Customer Discount	(1,963,784)	0
Revenue from "Other" business for services carried out by the line business	0	0
Interest on cash, bank balances and short term investments	371,631	230,787
AC loss-rental rebates	427,655	130,093
Other revenue not listed above
Capital Contributions	155,680	87,348
Use of Money interest	0	0
Other	0	0
Total operating revenue	7,852,320	9,399,402

EXPENDITURE

	2001 $	2000 $
Operating expenditure
Payment for transmission charges	2,897,659	2,889,079
Transfer payments to the "Other" business for
Asset maintenance	480,543	526,510
Consumer disconnection/reconnection services	0	0
Meter data	0	0
Consumer-based load control services	0	0
Avoided transmission charges on account of own generation	0	0
Other goods and services	0	30,302
Total transfer payment to the "Other" business	480,543	556,812
Expense to entities that are not related parties for
Asset maintenance	88,709	91,262
Consumer disconnection/reconnection services	0	0
Meter data	0	0
Consumer-based load control services	0	0
Royalty and patent expenses	0	0
Total of specified expenses to non-related parties	88,709	91,262
Employee salaries, wages and redundancies	84,504	345,074
Consumer billing and information system expense	37,633	46,060
Depreciation on
System fixed assets	1,478,450	1,493,905
Other assets	34,112	218,603
Total depreciation	1,512,562	1,712,508
Amortisation of
Goodwill	0	0
Other intangibles	0	0
Total amortisation of Intangibles	0	0
Corporate and administration	666,230	95,891
Human resource expenses	19,366	77,766
Marketing/advertising	3,700	3,471
Merger and acquisition expenses	0	25,665
Takeover defence expenses	0	0
Research and development expenses	0	0
Consultancy and legal expenses	30,837	180,551
Donations	0	0
Directors’ fees	50,000	88,480
Auditors’ fees
Audit fees paid to principal auditors	19,000	26,500
Audit fees paid to other auditors	0	0
Fees paid for other services provided by principal and other auditors	0	3,500
Total auditors’ fees	19,000	30,000