New Zealand Gazette – 2002 – No. 113

Page 3003

✨ Financial Statements

HORIZON ENERGY DISTRIBUTION LIMITED

Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000, 2001

NOTES TO THE FINANCIAL STATEMENTS

	Lines Business 2002 $000	Lines Business 2001 $000

2 OPERATING SURPLUS BEFORE TAXATION ITEMS

Operating revenue includes the following items:

External Income

Revenue disclosure items:

Revenue from line / access charges | 22,863 | 21,817 |
Gain on Sale of Fixed Assets | 16 | -
AC loss-rental rebates | 622 | 908 |
Other operating revenue | 1,587 | 1,255 |
Ⓘ Prior year line revenue | 816 | -

Operating expenditure comprises the following items:

Payment for Transmission Charges | 6,685 | 7,166 |
ⒾⒾ Prior year Transmission costs provisions reversed | (713) | -
Expenses to non-related entities for asset maintenance services / Total specified expenses to non related parties | 873 | 623 |
Employee Salaries, Wages and Redundancies | 750 | 740 |
Decrease in estimated doubtful debts | (12) | 18 |
Directors' Fees / Remuneration | 101 | 100 |
Rental and Operating Lease Obligations (refer note 14) | 89 | 137 |
Depreciation on System Fixed Assets | 2,156 | 2,152 |
Depreciation on Other Fixed Assets | 220 | -

Total Depreciation | 2,376 | 2,384 |

Local Authorities Rates Expense | 8 | 7 |
Other Expenditure | 1,402 | 1,283 |
Auditors' Fees / Remuneration (refer note 15) | 41 | 41 |
Consumer Billing and Information System | 55 | 28 |
Corporate and Administration Expenses | 533 | 259 |
Human Resource Expenses | 65 | 61 |
Marketing / Advertising | - | 3 |
Consultancy and Legal Expenses | 570 | 429 |

Ⓘ This amount relates to prior year line revenue which was the subject of litigation settled during the year in Horizon's favour. It had not been accrued in the previous year.

ⒾⒾ This amount relates to reversal of transmission costs provisions accrued over previous years. Negotiations concluded during the year now provide sufficient certainty that the provisions are no longer required.

VUW Te Waharoa — NZ Gazette 2002, No 113

Gazette.govt.nz — NZ Gazette 2002, No 113

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏗️ Financial Statements of Horizon Energy Distribution Limited (continued from previous page)

Domain🏗️ Infrastructure & Public Works
KeywordsElectricity, Financial Performance, Revenue, Expenditure, Taxation, Horizon Energy, Distribution

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index