✨ Financial Statements Notes
27 AUGUST NEW ZEALAND GAZETTE 3263
2.5 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)
| 2002 | 2001 | |
|---|---|---|
| ($000) | ($000) |
3 OPERATING EXPENDITURE
Payment for transmission charges | 85,195 | 98,847 |
Transfer payments to the "other" business for:
- Asset maintenance | 6,329 | 24,934 |
- Consumer disconnection/reconnection services | - | - |
- Meter data | - | - |
- Consumer-based load control services | - | - |
- Royalty and patent expenses | - | - |
- Avoided transmission charges on account of own generation | - | - |
- Other goods and services not listed above | - | 12 |
Total transfer payment to the "other" business | 6,329 | 24,946 |
Expense to entities that are not related parties for:
- Asset maintenance | 20,448 | 6,084 |
- Consumer disconnection/reconnection services | - | - |
- Meter data | - | - |
- Consumer-based load control services | - | - |
- Royalty and patent expenses | - | - |
Total of specified expenses to non-related parties | 20,448 | 6,084 |
- Employee salaries, wages, and redundancies | 15,075 | 15,134 |
- Consumer billing and information system expense | 142 | 129 |
Depreciation on:
- System fixed assets | 39,705 | 37,658 |
- Other assets not above | 5,355 | 5,239 |
Total depreciation | 45,060 | 42,897 |
Amortisation of:
- Goodwill | 87 | 87 |
- Other intangibles | 13,381 | 13,389 |
Total amortisation of intangibles | 13,468 | 13,476 |
- Corporate and administration | 8,365 | 6,597 |
- Human resource expenses | 2,060 | 420 |
- Marketing/advertising | 1,044 | 922 |
- Merger and acquisition expenses | - | (152) |
- Takeover defence expenses | - | - |
- Research and development expenses | 64 | 117 |
- Consultancy and legal expenses | 3,795 | 3,430 |
- Donations | 17 | (3) |
- Directors' fees | 295 | 188 |
Auditors' fees:
- Audit fees paid to principal auditors | 123 | 197 |
- Audit fees paid to other auditors | - | - |
- Fees paid for other services provided by principal and other auditors | 78 | 248 |
Total auditors' fees | 201 | 445 |
Cost of offering credit:
- Bad debts written off | 296 | 61 |
- Increase in estimated doubtful debts | (238) | 20 |
Total cost of offering credit | 58 | 81 |
- Local authority rates expense | 663 | 462 |
- AC loss-rental rebates (distribution to retailers/customers) | - | - |
- Rebates to consumers due to ownership interest | - | - |
- Subvention payments | 2,389 | 4,706 |
- Unusual expenses | - | - |
- Other expenditure not listed above | 70 | 24 |
Total operating expenditure | 204,738| 218,750|
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 122
Gazette.govt.nz —
NZ Gazette 2002, No 122
✨ LLM interpretation of page content
💰
Notes to Financial Statements for the year ended 31 March 2002
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Operating Expenditure, Transfer Payments, Depreciation, Amortisation, Salaries, Consultancy, Auditors' Fees