✨ Financial Statements Notes




2380

NEW ZEALAND GAZETTE

No. 92

THE LINES COMPANY LIMITED
Line Business Activity
Notes to the Financial Statements
For the Year Ended 31 March 2001

NOTE 2 : CUSTOMER DISCOUNT

Discount Declared 5,369 4,515
Less Taxation Effect 1,772 1,490
3,597 3,025

NOTE 3 : TRANSFER PAYMENTS

Payments by Line Business to "Other" for:
Meter Data 0 0
Consumer Based Load control 0 0
Permanent Disconnection/Reconnection Services 0 4
Asset Maintenance Services 1,507 1,407
Royalty and patent expenses 0 0
Other 24 125
Total payments by Line Business to "Other" 1,531 1,536

Specified expenses to non-related entities for:
Meter Data 0 0
Consumer Based Load control 0 0
Disconnection/Reconnection Services 0 0
Asset Maintenance Services 16 226
Avoided Transmission Charges 814 816
Royalty and patent expenses 0 0
Total of specified expenses to non-related entities 830 1,042

Related Party Transactions

a) The related party is the contracting division of The Lines Company.

b) The period covered in these statements are 1st April 2000 to 31st March 2001.

c) There are no outstanding balances and no debts have been written off.

d) All work is recorded on the basis of material at cost plus 15% and labour & plant at $45 per hour.

e) Construction of the following types of assets were undertaken for the lines business.
The values comprise of material, labour and plant costs added by the contracting division.

Category Number of Hours Value ($)
(i) Construction of Subtransmission Assets 1,400 124,422
(ii) Construction of Zone Substations 50 2,250
(iii) Construction of Distribution Lines and Cables 10,050 1,044,061
(iv) Construction of Medium Voltage Switchgear 560 134,964
(v) Construction of Distribution Substations 2,377 149,984
(vi) Construction of Low Voltage Reticulation 280 13,370
(vii) Construction of Other Assets 1,364 61,380
(viii) Consumer connections & disconnections 20 900



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 92


Gazette.govt.nz PDF NZ Gazette 2001, No 92





✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for The Lines Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Customer Discount, Transfer Payments, Related Party Transactions, Asset Construction