New Zealand Gazette – 2002 – No. 107

Page 2894

✨ 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 2002

Associated Entity: NetCon Limited (excl GST)

NetCon is wholly owned by Network South Limited and provided asset maintenance and construction services for the network from 1 April 2001 to 31 March 2002. Services were charged on both a fixed price basis or “time and materials” basis.

During the period, this charge totalled $4,336,209. The outstanding amount as at 31 March 2002 was $337,167 payable on normal commercial terms.

No debts were written off or forgiven and no transactions took place at nil or nominal value.

During the period capital construction transactions totalled the following:

Asset Construction: 2002 2001
Subtransmission assets 0 0
Zone Substations 384,645 16,235
Distribution Lines 1,387,217 474,044
Medium Voltage Switchgear 25,005 7,478
Distribution Transformers 28,982 0
Distribution Substations 52,516 0
Low Voltage Lines 721,291 507,747
Other System Fixed Assets (as per the ODV Handbook) 0 0

| Maintenance of Assets | 1,577,977 | 1,374,164 |
| Customer Connections and Disconnections | 0 | 0 |
| Other Goods and Services | 158,576 | 0 |

Subsidiary Entity: Alpine Energy PowerCom Limited (excl GST)

PowerCom was 100% owned by Alpine Energy Limited and provided asset maintenance and construction services for the period to 30 June 2000 and it ceased trading on this date. Services were charged on both a fixed price basis or “time and materials” basis.

During the period, this charge totalled $0. There was no outstanding amount as at 31 March 2002.

No debts were written off or forgiven, and no transactions took place at nil or nominal value between the parties.

During the period capital construction transactions totalled the following:

Asset Construction: 2002 2001
Subtransmission 0 0
Zone Substations 0 5,411
Distribution Lines and Cables 0 158,014
Medium Voltage Switchgear 0 2,493
Distribution Transformers 0 0
Distribution Substations 0 0
Low Voltage reticulation 0 169,249
Other 0 0

| Maintenance of assets | 0 | 284,985 |
| Consumer Connections and Disconnections | 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