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New Zealand Gazette – 2001 – No. 82

Page 1989

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✨ Financial Transactions

6 AUGUST
NEW ZEALAND GAZETTE
1989

Services provided by Connetics:

Asset maintenance	2001 $000's	2000 $000's
- asset storage	159	150
- emergency work	2,046	1,637
- other asset maintenance	3,697	3,565
	5,902	5,352

Asset construction	2001 $000's	2000 $000's
- subtransmission assets	616	153
- zone substations	673	217
- distribution lines and cables	2,955	2,820
- medium voltage switchgear	659	656
- distribution transformers	338	134
- distribution substations	1,388	976
- low voltage lines and cables	5,576	1,385
- other system fixed assets	292	141
	12,497	6,482

Other services provided to line business	2001 $000's	2000 $000's
- meter data	14	-
- consumer-based load control	-	-
- disconnection/reconnection services	-	-
- avoided transmission charges	-	-
- other goods and services	-	-
	18,413	11,834

Balance outstanding at 31 March 3,767 2,285

The Company has provided directors and some specialised administrative support to Connetics. These have been charged on a commercial arms-length basis.

Some spare transformers have been sold to Connetics. These have been on a negotiated basis.

No debts have been written off or forgiven during the year. Amounts were due the 20th of the month following date of invoice.

Payments received from Connetics for services	163	80
Payments received from Connetics for transformers	45	65
Balance outstanding at 31 March	22	7

Enersis

Enersis provided information systems, communication systems and SCADA support and development to the Company during the period 1 April 1997 to 30 June 1999, at which stage it ceased operations with staff transferring to Orion.

This includes a facilities management agreement as well as various projects where staff time was charged to projects at rates varying between $55 and $100 per hour.

VUW Te Waharoa — NZ Gazette 2001, No 82

Gazette.govt.nz — NZ Gazette 2001, No 82

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Related Parties Transactions (continued from previous page)

Domain💰 Finance & Revenue
KeywordsShareholders, Transactions, Dividends, Subsidiary, Financial Summary, CCC, CCHL, Connetics Limited, Enersis Limited

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