✨ Financial Statements
HAWKE'S BAY NETWORK LIMITED - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2002
15 FURTHER INFORMATION CONTINUED
The following information is required to be disclosed in the financial statements under regulation 8 of the Electricity (Information Disclosure) Regulations 1999.
| | 2002
$000 | 2001
$000 |
| --- | --- | --- |
| Operating revenue |
| (a) Revenue from line/caccess charges: | 35,183 | 32,796 |
| (b) Revenue from "Other" businesses for services carried out by the line business (transfer payment): | 0 | 0 |
| (c) Interest on cash, bank balances and short term investments: | 529 | 316 |
| (d) AC loss-rental rebates: | 2,512 | 2,718 |
| (e) Other revenue not listed in (a) to (d): | 1,165 | 1,334 |
| (f) Total operating revenue pre Discounts | 34,394 | 37,164 |
Expenditure (Schedule 1, Part 2)
| | 2002
$000 | 2001
$000 |
| --- | --- | --- |
| Operating expenditure |
| (a) Payment for Transmission Charges | 10,142 | 13,268 |
| (b) Transfer payments to the "other" business for: |
| (i) Asset maintenance: | 0 | 0 |
| (ii) Consumer disconnection/reconnection services: | 0 | 0 |
| (iii) Meter data: | 0 | 0 |
| (iv) Consumer-based load control services: | 0 | 0 |
| (v) Royalty and patent expenses: | 0 | 0 |
| (vi) Awarded transmission charges on account of own generation | 0 | 0 |
| (vii) Other goods and services not listed in (i) to (vi) above | 0 | 0 |
| (viii) Total transfer payment to the "Other" business | 0 | 0 |
| (c) Expense to entities that are not related parties for: |
| (i) Asset maintenance: | 3,165 | 2,948 |
| (ii) Consumer disconnection/reconnection services | 0 | 0 |
| (iii) Meter data | 0 | 0 |
| (iv) Consumer-based load control services | 0 | 0 |
| (v) Royalty and patent expenses | 0 | 0 |
| (vi) Total of specified expenses to non-related parties (sum of (i) to (v)) | 3,165 | 2,948 |
| (d) Employee salaries, wages and redundancies: | 2,480 | 3,190 |
| (e) Consumer billing and information system expense | 0 | 0 |
| Depreciation on: |
| (f) (i) System fixed assets: | 4,640 | 4,020 |
| (ii) Other assets not listed in (i) | 918 | 1,023 |
| (iii) Total depreciation | 5,558 | 5,043 |
| Amortisation of: |
| (g) (i) Goodwill: | 0 | 0 |
| (ii) Other intangibles: | 0 | 0 |
| (iii) Total amortisation of intangibles | 0 | 0 |
| Corporate and administration: |
| (h) (i) Human resource expenses: | 620 | 560 |
| (ii) Marketing/advertising: | 106 | 65 |
| (j) Merger and acquisition expenses: | 94 | 49 |
| (k) Takeover defence expenses: | 0 | 0 |
| (l) Research and development expenses: | 6 | 15 |
| (m) Consultancy and legal expenses: | 530 | 257 |
| (o) Donations: | 140 | 135 |
| (p) Directors' fees: | 1,363 | 1,091 |
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 123
Gazette.govt.nz —
NZ Gazette 2002, No 123
✨ LLM interpretation of page content
🏭
Hawke's Bay Network Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryElectricity, Financial Statements, Operating Revenue, Operating Expenditure, Hawke's Bay Network Limited