New Zealand Gazette – 2002 – No. 112

Page 2985

✨ Financial Statements



21 AUGUST

NEW ZEALAND GAZETTE

2985

Operating Revenue (Schedule 1, Part 2)

2002 ($'000) 2001 ($'000)
11
(a) Operating revenue
Revenue from line/access charges 6,784 7,503
(b) Revenue from "Other" business for services carried out by the line business (transfer payment) 0 0
(c) Interest on cash, bank balances and short term investments 78 560
(e) AC loss-rental rebates 413 544
(f) Other revenue not listed in (a) to (e) 151 20
(g) Total operating revenue 7,426 8,627

Operating expenditure

2002 ($'000) 2001 ($'000)
12
(a) Payment for transmission charges 1,684 3,051
(b) Transfer payments to the "Other" business for:
(i) Asset maintenance 0 0
(ii) Consumer disconnection/reconnection services 0 0
(iii) Meter data 0 0
(iv) Consumer-based load control services 0 0
(v) Royalty and patent expenses 0 0
(vi) Avoided transmission charges on account of own generation 0 0
(vii) Other goods and services not listed in (i) to (vi) above 0 0
(viii) Total transfer payment to the "Other" business 0 0
(c) Expense to entities that are not related parties for:
(i) Asset maintenance 311 417
(ii) Consumer disconnection/reconnection services 0 0
(iii) Meter data 0 0
(iv) Consumer-based load control services 0 0
(v) Royalty and patent expenses 0 0
(vi) Total of specified expenses to non-related parties (sum of (i) to (v)) 311 417
(d) Employees salaries, wages and redundancies 272 248
(e) Consumer billing and information system expense 0 0
(f) Depreciation on:
(i) System fixed assets 586 384
(ii) Other assets not listed in (i) 40 38
(iii) Total depreciation 626 422
(g) Amortisation of:
(i) Goodwill 0 0
(ii) Other intangibles 611 919
(iii) Total amortisation of intangibles 611 919
(h) Corporate and administration
(i) Human resource expenses 146 100
(j) Marketing/advertising 0 0
(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 60 92
(o) Donations 0 0
(p) Directors' fees 45 38
(q) Auditors' fees
(i) Audit fees paid to principal auditors 6 7
(ii) Audit fees paid to other auditors 0 0
(iii) Fees paid for other services provided by principal and other auditors 4 3
(iv) Total auditors' fees 10 10
(r) Costs of offering credit
(i) Bad debts written off 0 0
(ii) Increase in estimated doubtful debts 0 0
(iii) Total cost of offering credit 0 0
(s) Local authority rates expense 12 8
(t) AC loss-rentals (distribution to retailers/customers) expense 0 0
(u) Rebates to consumers due to ownership interest 0 0
(v) Subvention payments 0 0
(w) Unusual expenses 0 0
(x) Other expenditure not listed in (a) to (w) 0 0

13
Total operating expenditure | 3,757 | 5,305 |

14
Operating surplus before interest and income tax | 3,669 | 3,322 |

15 Interest expense

2002 ($'000) 2001 ($'000)
(a) Interest expense on borrowings 63 140
(b) Financing charges related to finance leases 0 0
(c) Other interest expense 0 0
(d) Total interest expense 63 140

16
Operating surplus before income tax | 3,606 | 3,182 |

17
Income tax | 1,522 | 1,389 |

18
Net surplus after tax | 2,084 | 1,793 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 112


Gazette.govt.nz — PDF NZ Gazette 2002, No 112




✨ LLM interpretation of page content

💰 Operating Revenue and Expenditure Report

💰 Finance & Revenue
Financial Report, Revenue, Expenditure, Operating Surplus, Income Tax