✨ Financial Statements
ALPINE ENERGY LIMITED (LINES)
Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations
Notes to and Forming Part of the Financial Statements - Continued
for the Year Ending 31 March 2001
Subsidiary Entity: Alpine Energy PowerCom Limited
PowerCom was 100% owned by Alpine Energy Limited and provided asset maintenance and construction services for the network from 1 April 2000 to 30 June 2000 at which point it ceased trading.
Services were charged on both a fixed price basis and a “time and materials” basis. During the period, this charge totalled $620,152. There was no outstanding amount as at 31 March 2001.
No debts were written off or forgiven, and no transactions took place at nil or nominal value between the parties.
| 2001 $'000 | 2000 $'000 | |
|---|---|---|
| Asset Construction: | ||
| Subtransmission | 0 | 0 |
| Zone Substations | 5 | 23 |
| Distribution Lines and Cables | 158 | 705 |
| Medium Voltage Switchgear | 2 | 0 |
| Distribution Transformers | 0 | 0 |
| Distribution Substations | 0 | 0 |
| Low Voltage reticulation | 169 | 531 |
| Other | 0 | 0 |
| Maintenance of assets | 285 | 1,361 |
| Consumer Connections and Disconnections | 0 | - |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 93
Gazette.govt.nz —
NZ Gazette 2001, No 93
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