New Zealand Gazette – 2002 – No. 106

Page 2865

✨ Financial Statements

19 AUGUST
NEW ZEALAND GAZETTE
2865

Network Waitaki Limited (Lines)

Statement of Financial Performance for the Year Ended 31 March 2002

REVENUE	Note	2002	2001
Operating revenue
Revenue from line/access charges		7,385,600	8,861,138
Revenue returned as Customer Discount		(2,165,542)	(1,963,784)
Revenue from "Other" business for services carried out by the line business		0	0
Interest on cash, bank balances and short term investments		355,442	371,631
AC loss-rental rebates		434,495	427,655
Other revenue not listed above
Capital Contributions	246,832	246,832	155,680
Use of Money Interest	0	0	0
Other	0	0	0
Total operating revenue		6,256,827	7,852,320

EXPENDITURE		2002	2001
Operating expenditure
Payment for transmission charges	3	685,205	480,543
Consumer disconnection/reconnection services		0	0
Meter data		0	0
Consumer-based load control services		0	0
Royalty and patent expenses		0	0
Avoided transmission charges on account of own generation		0	0
Other goods and services		0	0
Total transfer payment to the "Other" business		685,205	480,543

| Expense to entities that are not related parties for | | | |
| Asset maintenance | | 74,173 | 88,709 |
| Consumer disconnection/reconnection services | | 0 | 0 |
| Meter data | | 0 | 0 |
| Consumer-based load control services | | 0 | 0 |
| Royalty and patent expenses | | 0 | 0 |
| Total of specified expenses to non-related parties | | 74,173 | 88,709 |

| Employee salaries, wages and redundancies | | 0 | 84,504 |
| Consumer billing and information system expense | | 19,200 | 37,633 |
| Depreciation on | | | |
| System fixed assets | | 1,394,886| 1,478,450|
| Other assets | | 15,467 | 34,112 |
| Total depreciation | | 1,410,353 | 1,512,562 |

| Amortisation of | | | |
| Goodwill | | 0 | 0 |
| Other intangibles | | 0 | 0 |
| Total amortisation of intangibles | | 0 | 0 |

| Corporate and administration | | 714,889 | 666,230 |
| Human resource expenses | | 0 | 19,366 |
| Marketing/advertising | | 7,756 | 3,700 |
| Merger and acquisition expenses | | 0 | 0 |
| Research and development expenses | | 0 | 0 |
| Consultancy and legal expenses | | 5,992 | 30,837 |
| Donations | | 0 | 0 |
| Directors’ fees | | 41,727 | 50,000 |
| Auditors’ fees | | | |
| Audit fees paid to principal auditors | | 11,056 | 19,000 |
| Audit fees paid to other auditors | | 0 | 0 |
| Fees paid for other services provided by principal and other auditors | | 0 | 0 |
| Total auditors’ fees | | 11,056 | 19,000 |