New Zealand Gazette – 2001 – No. 87

Page 2235

✨ Financial Statements

13 AUGUST
NEW ZEALAND GAZETTE
2235

HORIZON ENERGY DISTRIBUTION LIMITED
Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000

NOTES TO THE FINANCIAL STATEMENTS

2 OPERATING SURPLUS BEFORE TAXATION ITEMS

Operating revenue includes the following items:

External Income
Revenue from line / access charges 21,817 22,607
Gain on Sale of Fixed Assets - 72
AC loss-rental rebates 908 281
Other operating revenue 1,255 1,036

Operating expenditure comprises the following items:

Payment for Transmission Charges 7,166 7,687
Expenses to non-related entities for asset maintenance
services / Total specified expenses to non related parties 623 799
Employee Salaries, Wages and Redundancies 740 1,282
Increase in estimated doubtful debts 18 -
Directors' Fees / Remuneration 100 128
Rental and Operating Lease Obligations (refer note 14) 137 150
Depreciation on System Fixed Assets 2,152 2008
Depreciation on Other Fixed Assets 232 275
Total Depreciation 2,384 2,283
Local Authorities Rates Expense 7 14
Other Expenditure 1,283 933
Auditors' Fees / Remuneration (refer note 15) 41 41
Consumer Billing and Information System 28 107
Corporate and Administration Expenses 259 502
Human Resource Expenses 61 73
Marketing / Advertising 3 41
Consultancy and Legal Expenses 429 580

VUW Te Waharoa — NZ Gazette 2001, No 87

Gazette.govt.nz — NZ Gazette 2001, No 87

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✨ LLM interpretation of page content

🏗️ Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

Domain🏗️ Infrastructure & Public Works
KeywordsElectricity, Financial Statements, Revenue, Expenditure, Horizon Energy Distribution Limited

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