✨ Financial Statements
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2002
| 2002 | 2001 | |
|---|---|---|
| $'000 | $'000 |
12. Operating expenditure
(a) Payment for transmission charges | 7,507 | 11,758 |
(b) Transfer payments to the “Other” business for:
(i) Asset maintenance | 0 | 0 |
(ii) Consumer disconnections/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) Avoided transmission charges on account of own generation | 0 | 0 |
(vii) Other goods and services not listed in (i) to (vi) above | 53 | 0 |
(viii) Total transfer payment to the “Other” business | 53 | 0 |
(c) Expense to entities that are not related parties for:
(i) Asset maintenance | 1,878 | 2,597 |
(ii) Consumer disconnections/reconnection services | 5 | 6 |
(iii) Meter data | 0 | 0 |
(iv) Consumer-based load control services | 1 | 0 |
(v) Royalty and patent expenses | 0 | 0 |
(vi) Total specified expenses to non-related parties | 1,884 | 2,593 |
(d) Employees salaries, wages and redundancies | 1,213 | 1,138 |
(e) Consumer billing and information system expense | 96 | 85 |
(f) Depreciation on:
(i) System fixed assets | 2,552 | 2,347 |
(ii) Other assets not listed in (i) | 389 | 294 |
(iii) Total depreciation | 2,941 | 2,641 |
(g) Amortisation of:
(i) Goodwill | 0 | 0 |
(ii) Other intangibles | 0 | 0 |
(iii) Total amortisation of intangibles | 0 | 0 |
(h) Corporate and administration
(i) Human resource expenses | 355 | 250 |
(ii) Marketing/advertising | 40 | 33 |
(k) Merger and acquisition expenses | 77 | 94 |
(i) Takeover defence expenses | 0 | 0 |
(m) Research and development expenses |
(i) Consultancy and legal expenses | 132 | 220 |
(o) Donations | 1 | 1 |
(p) Directors' fees | 129 | 124 |
(i) Audit fees paid to principal auditors| 26 | 27 |
(ii) Audit fees paid to other auditors | 0 | 0 |
(iii) Fees paid for other services provided by principal and other auditors | 0 | 0 |
(iv) Total auditors' fees | 26 | 27 |
(r) Costs of offering credit:
(i) Bad debts written off | 1 | 9 |
(ii) Increase in estimated doubtful debts| 2 | (4) |
(iii) Total cost of offering credit | 3 | 5 |
(s) Local authority rates expense |
(i) AC loss-rentals rebates expense | 728 | 547 |
(u) Rebates to consumers due to ownership interest | 0 | 0 |
(v) Subvention payments | 0 | 0 |
(w) Unusual expenses |
(x) Other expenditure not listed in (a) to (w) | 96 | 335 |
13. Total operating expenditure | 15,287 | 19,838** |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 69
Gazette.govt.nz —
NZ Gazette 2002, No 69
✨ LLM interpretation of page content
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Network Tasman Limited Line Business Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Network Tasman Limited, Operating Expenditure, Transmission Charges, Transfer Payments, Asset Maintenance, Depreciation, Amortisation, Corporate Administration, Research and Development, Donations, Directors' Fees, Credit Costs, Local Authority Rates