New Zealand Gazette – 2002 – No. 107

Page 2887

✨ Financial Statements



ALPINE ENERGY LIMITED (Lines)

Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations

Statement of Financial Performance for the Year Ended 31 March 2002

REVENUE

Note 2002 $ 2001 $
Operating revenue
Revenue from line/access charges 22,358,249 22,579,817
Revenue from "Other" business for services carried out by the line business 0 376
Interest on cash, bank balances and short term investments 510,286 396,110
AC loss-rental rebates 1,317,296 1,671,656
Other revenue not listed above 0 0
Capital Contributions
1,206,038 518,957
Other 2,802 13,250
1,208,840 532,207

Total operating revenue | 25,394,671| 25,180,166|

EXPENDITURE

2002 $ 2001 $
Operating expenditure
Payment for transmission charges 6,756,751 8,433,341
Transfer payments to the "Other" business for
Asset maintenance 2,291,806 1,659,149
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 158,576 1,020,297
Total transfer payment to the "Other" business 2,450,382 2,679,446

| Expense to entities that are not related parties for | | |
| Asset maintenance | 140,763 | 86,870 |
| 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 | 140,763 | 86,870 |

| Employee salaries, wages and redundancies | 0 | 128,108 |
| Consumer billing and information system expense | 0 | 7,536 |
| Depreciation on | | |
| System fixed assets | 3,027,314 | 2,873,373 |
| Other assets | 1,237 | 34,276 |
| Total depreciation | 3,028,551| 2,907,649|

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

| Corporate and administration | 1,665,780 | 886,616 |
| Human resource expenses | 1,828 | 11,267 |
| Marketing/advertising | 10,309 | 21,829 |
| Merger and acquisition expenses| 0 | 0 |
| Takeover defence expenses | 0 | 0 |
| Research and development expenses | 0 | 0 |
| Consultancy and legal expenses | 99,887 | 5,521 |
| Donations | 0 | 0 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 107


Gazette.govt.nz — PDF NZ Gazette 2002, No 107




✨ LLM interpretation of page content

🌾 Alpine Energy Limited Financial Statements (continued from previous page)

🌾 Primary Industries & Resources
Electricity, Financial Statements, Alpine Energy, Information Disclosure