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New Zealand Gazette – 2001 – No. 85

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✨ Financial Statements

2212

NEW ZEALAND GAZETTE

No. 85

HAWKE’S BAY NETWORK LIMITED - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2001

18 FURTHER INFORMATION CONTINUED

The following information is required to be disclosed in the financial statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999.

	2001	2000
	$'000	$'000
(a) Operating revenue:
(i) Revenue from line/access charges	32,796	31,361
Rebates to consumers due to ownership interest	(3,877)	(1,400)
(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	316	95
(d) AC loss-rental rebates	2,718	773
(e) Other revenue not listed in (a) to (d)	1,334	1,226
Total operating revenue	33,287	32,055

Expenditure (Schedule 1, Part 2)

	2001	2000
	$'000	$'000
Operating expenditure
(a) Payment for Transmission Charges	13,268	12,972
(b) Transfer payments to the "other" business for:	13,268	12,972
(i) Asset maintenance	0	2,030
(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	0	2,030
(c) Expense to entities that are not related parties for:
(i) Asset maintenance	2,948	679
(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
Total of specified expenses to non-related parties (sum of (i) to (v))	2,948	679
(d) Employee salaries, wages and redundancies	3,190	3,985
(e) Consumer billing and information system expense	0	0
(f) Depreciation on:
(i) System fixed assets	4,020	3,929
(ii) Other assets not listed in (i)	1,029	894
(iii) Total depreciation	5,049	4,823
(g) Amortisation of:
(i) Goodwill	0	0
(ii) Other intangibles	0	0
(iii) Total amortisation of intangibles	0	0
(h) Corporate and administration:
Human resource expenses	560	639
Marketing/advertising	65	35
Research and development expenses	42	77
Merger and acquisition expenses	0	0
Takeover defence expenses	0	0
Consultancy and legal expenses	15	15
Donations	257	106
Directors' fees	135	150
Total	1,031	1,022