✨ Financial Statements
WAIPA NETWORKS LIMITED - LINES BUSINESS
| 2002 | 2001 | |
|---|---|---|
| $ | $ |
9 Equity
(a) Shareholders' equity
(i) Share Capital | - | -
(ii) Retained Earnings | 5,359,933 | 4,675,303
(iii) Reserves | 34,862,235 | 33,712,318
(iv) Total Shareholders' equity | 40,222,168 | 38,387,621
(b) Minority interests in subsidiaries | - | -
(c) Total Equity | 40,222,168 | 38,387,621
(d) Capital notes | - | -
(e) Total capital funds | 40,222,168 | 38,387,621
10 Total equity and liabilities | 50,430,151 | 47,311,268
Statement of Financial Performance Disclosure (Schedule 1, Part 2)
11 Operating revenue
(a) Revenue from line/access charges | 7,955,260 | 10,449,345
(b) Revenue from "Other" business (transfer payment) | - | -
(c) Income from interest on bank & short-term investments | 31,508 | 33,525
(d) AC loss-rental rebates | 732,548 | 535,556
(e) Other operating revenue not listed in (a) to (d) | 271,479 | 372,916
(f) Total operating revenue | 8,990,795 | 11,391,342
12 Operating expenditure
(a) Transmission Charges | 3,391,816 | 3,410,065
(b) Transfer payments to "Other" business |
(i) Asset maintenance | 826,352 | 888,748
(ii) Consumer disconnections and reconnections | 5,569 | 6,307
(iii) Meter data | - | -
(iv) Consumer-based load control | 43,419 | 45,178
(v) Royalty and patent expenses | - | -
(vi) Avoided transmission charges for own generation | -
(vii) Other goods & services not listed in (i) to (vi) above | -
Total transfer payment to the "Other" business | 875,340 | 940,233
(c) Payments to non-related entities |
(i) Asset maintenance | 214,977 | 149,927
(ii) Consumer disconnections and reconnections | -
(iii) Meter data | -
(iv) Consumer-based load control | -
(v) Royalty and patent expenses | -
Total of specified expenses to non-related parties | 214,977 | 149,927
(d) Employee salaries, wages and redundancies | 719,315 | 658,438
(e) Consumer billing and information system expense | 43,484 | 47,354
(f) Depreciation on |
(i) System fixed assets | 1,149,942 | 1,113,867
(ii) Other assets not listed in (i) | 121,813 | 154,201
(iii) Total depreciation expense | 1,271,755 | 1,268,068
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 88
Gazette.govt.nz —
NZ Gazette 2002, No 88
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Financial Statements of Waipa Networks Limited
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