New Zealand Gazette – 2002 – No. 117

Page 3139

✨ Financial Statements Notes



23 AUGUST NEW ZEALAND GAZETTE 3139

Notes to the financial statements (continued)

For the year ended 31 March 2002

| | 2002 | | 2001 |
|----------------|-------| |-------|
| | $'000 | | $'000 |

  1. Operating revenue comprises
  • Revenue from line/access charges 19,570 19,532
  • Revenue from “Other” business for services
    carried out by the line business (transfer payment) 422 46
  • Interest on cash, bank balances and
    short term investments - 153
  • AC loss-rental rebates 2,086 790
  • Other revenue 283 1,531
  • Total Operating revenue 22,361 22,052
  1. Operating Expenditure includes

(a) Payment for transmission charges 6,179 5,132

(b) Transfer payments for “Other” business for:

(i) Asset maintenance - -
(ii) Consumer disconnection/reconnection services - -
(iii) Meter data - -
(iv) Consumer based load control services - -
(v) Royalty and patent expenses - -
(vi) Avoided transmission charges on account
owned generation 599 396
(vii) Other goods & services not listed in
(i) to (vi) above - -
(viii) Total transfer payment to “Other” business 599 396

(c) Expense to entities that are not related parties for:

(i) Asset Maintenance 3,085 5,896
(ii) Consumer disconnection/reconnection services - -
(iii) Meter data - -
(iv) Consumer-based load control services - -
(v) Royalty and patent expenses - -
(vi) Total of specified expenses to non-related parties 3,085 5,896

(d) Employee salaries, wages and redundancies 950 1,137

(e) Consumer billing and information system expense 65 127

(f) Depreciation on:

(i) System fixed assets: * 3,835 1,797
(ii) Other assets not listed in (i) 107 299
(iii) Total depreciation 3,942 2,096

(g) Amortisation of:

(i) Goodwill - -
(ii) Other intangibles - -
(iii) Total amortisation of intangibles - -

(h) Corporate and administration 354 374

(i) Human Resource expenses 66 112

(j) Marketing advertising 7 18



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 117


Gazette.govt.nz — PDF NZ Gazette 2002, No 117




✨ LLM interpretation of page content

🏭 Notes to the financial statements for Eastland Network Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Operating Expenditure, Accounting