β¨ Financial Statements
3168
NEW ZEALAND GAZETTE
No. 118
WEL NETWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2002
1 Operating Revenue
Line access charges 49,813 49,858
Interest 474 421
AC Rental Rebates 2,625 2,048
Revenue from other business - -
Other operating revenue - -
Total Operating Income 52,912 52,327
2 Operating Expenditure
Transmission charges 10,472 11,148
Transfer payments to Other business for:
Asset Maintenance 3,942 4,263
Disconnections/Reconnection - -
Meter data - -
Consumer based load control - -
Avoided transmission (own generation) - -
Royalties & patents - -
Other goods/services - -
Total 3,942 4,263
Expenses to entities that are not related parties for:
Asset Maintenance - -
Disconnections/Reconnection - -
Meter data - -
Consumer based load control - -
Royalties & patents - -
Other goods/services - -
Total - -
Employee salaries and redundancies 3,377 3,204
Customer billing & Information System expense
Depreciation on:
Distribution system 4,539 4,573
Other assets 1,677 2,109
Total 6,216 6,682
Amortisation of:
Goodwill - -
Other Intangibles - -
Total - -
Corporate & administration 364 385
Human resource expenses 229 326
Marketing & advertising 316 331
Merger and acquisition 110 -
Takeover defence - -
Research & development - 10
Consultancy & legal 1,090 627
Line Business
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 118
Gazette.govt.nz —
NZ Gazette 2002, No 118
β¨ LLM interpretation of page content
π
WEL Networks Limited Notes to the Financial Statements
(continued from previous page)
π Trade, Customs & IndustryOperating Revenue, Operating Expenditure, Line Access Charges, Interest, AC Rental Rebates, Transmission Charges, Asset Maintenance, Employee Salaries, Depreciation, Amortisation, Corporate Administration, Human Resources, Marketing, Consultancy, Legal