New Zealand Gazette – 2001 – No. 99

Page 2586

✨ Financial Statements

2586

NEW ZEALAND GAZETTE

No. 99

BULLER ELECTRICITY LIMITED ■ LINE BUSINESS
Statement of Financial Performance Disclosure (Schedule 1, Part 2)

	2001 $	2000 $
11 Operating revenue
(a) Revenue from line/access charges	4,102,425	3,982,792
(b) Revenue from "Other" business (transfer payment)	0	0
(c) Income from interest on bank & short term investments	194,719	109,247
(d) AC loss rental rebates	309,915	87,064
(e) Other operating revenue not listed in (a) to (d)	147,223	119,457
(f) Total operating revenue	4,754,282	4,298,560
12 Operating expenditure
(a) Transmission Charges	1,566,767	1,471,675
(b) Transfer payments to "Other" business
(i) Asset maintenance	412,907	695,776
(ii) Consumer disconnections and reconnections	1,925	4,157
(iii) Meter data	0	264
(iv) Consumer based load control	1,337	13,116
(v) Royalty and patent expenses	0	0
(vi) Avoided transmission charges for own generation	0	0
(vii) Other goods & services not listed in (i) to (vi) above	0	0
(viii) Total transfer payment to the "Other" business	416,169	713,313
(c) Payments to non-related entities
(i) Asset maintenance	0	5,157
(ii) Consumer disconnections and reconnections	0	0
(iii) Meter data	0	0
(iv) Consumer based load control	0	0
(v) Royalty and patent expenses	0	0
(vi) Total of specified expenses to non-related parties	0	5,157
(d) Employee salaries, wages and redundancies	343,821	355,112
(e) Consumer billing and information system expense	19,211	15,557
(f) Depreciation on
(i) System fixed assets	290,736	477,407
(ii) Other assets not listed in (i)	52,195	54,309
(iii) Total depreciation expense	342,931	531,716
(g) Amortisation of
(i) Goodwill	0	0
(ii) Other intangibles	0	0
(iii) Total amortisation of intangibles	0	0
(h) Corporate and administration	195,959	70,084
(i) Human resource expense	29,491	47,436
(j) Marketing and advertising	4,463	7,049
(k) Merger and acquisition expenses	0	0
(l) Takeover defence expenses	0	0
(m) Research and development expenses	0	0
(n) Consultancy and legal expenses	200,012	193,445
(o) Donations	35,555	3,757
(p) Directors fees	62,750	64,401
(q) Audit fees
(i) Audit fees paid to principal auditors	26,057	20,000
(ii) Audit fees paid to other auditors	0	0
(iii) Fees paid for other services provided by auditors	0	3,000
(iv) Total auditors fees	26,057	23,000
(r) Costs of offering credits
(i) Bad debts written off	0	2,237
(ii) Increase in estimated doubtful debts	0	7,600
(iii) Total costs of offering credit	0	9,837
(s) Local authority rates	5,751	3,817
(t) AC loss-rental (distribution of) expense	0	0