New Zealand Gazette – 2002 – No. 115

Page 3084

✨ Financial Summary

3084 NEW ZEALAND GAZETTE No. 115

Services provided by Connetics:

| | 2002
| $000's | | 2001
| $000's |
|---------------------------|---------|------------------------------------|---------|
| Asset maintenance | | | |
| - asset storage | 189 | | 159 |
| - emergency work | 1,234 | | 2,046 |
| - other asset maintenance | 6,418 | | 3,697 |
| | 7,841 | | 5,902 |

| Asset construction | | | |
| - subtransmission assets | 423 | | 616 |
| - zone substations | 538 | | 673 |
| - distribution lines and cables | 1,171 | | 2,955 |
| - medium voltage switchgear | 1,810 | | 659 |
| - distribution transformers | 78 | | 338 |
| - distribution substations | 983 | | 1,388 |
| - low voltage lines and cables | 6,844 | | 5,576 |
| - other system fixed assets | 1,548 | | 292 |
| | 13,395 | | 12,497 |

| Other services provided to line business | | | |
| - meter data | 20 | | 14 |
| - consumer-based load control | - | | - |
| - disconnection/reconnection services | - | | - |
| - avoided transmission charges | - | | - |
| - other goods and services | - | | - |
| | 21,256 | | 18,413 |

Balance outstanding at 31 March | 2,590 | | 3,767 |

The Company has provided directors and some specialised administrative support to Connetics. These have been charged on a commercial arms-length basis.

Some spare transformers have been sold to Connetics. These have been on a negotiated basis.

No debts have been written off or forgiven during the year. Amounts were due the 20th of the month following date of invoice.

Payments received from Connetics for services | 173 | | 163 |

Payments received from Connetics for transformers | 34 | | 45 |

Balance outstanding at 31 March | 18 | | 22 |

SIGNIFICANT EVENTS AFTER BALANCE DATE

There were no significant events between the preparation and authorisation of these accounts on 23 July 2002.

VUW Te Waharoa — NZ Gazette 2002, No 115

Gazette.govt.nz — NZ Gazette 2002, No 115

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✨ LLM interpretation of page content

💰 Services Provided by Connetics

Domain💰 Finance & Revenue
KeywordsAsset maintenance, Asset construction, Financial summary, Connetics

💰 Significant Events After Balance Date

Domain💰 Finance & Revenue
Dated23 July 2002
KeywordsFinancial accounts, Balance date, No significant events

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