New Zealand Gazette – 2002 – No. 93

Page 2512

✨ Financial Statements



Buller Electricity Limited

Line Business Financial Statements

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

2002 $ 2001 $
11 Operating revenue
(a) Revenue from line/access charges 4,095,582 4,102,425
(b) Revenue from “Other” business (transfer payment) 0 0
(c) Income from interest on bank & short term investments 225,986 194,719
(d) AC loss rental rebates 237,321 309,915
(e) Other operating revenue not listed in (a) to (d) 121,045 147,223
(f) Total operating revenue 4,679,934 4,754,282
2002 $ 2001 $
12 Operating expenditure
(a) Transmission Charges 1,670,883 1,566,767
(b) Transfer payments to “Other” business
    (i) Asset maintenance 808,171 412,907
    (ii) Consumer disconnections and reconnections 1,441 1,925
    (iii) Meter data 0 0
    (iv) Consumer based load control 5,953 1,337
    (v) Royalty and patent expenses 0 0
    (vi) Avoided transmission charges for own generation 0 0
    (vii) Other goods & services not listed in (i) to (vi) 0 0
    (viii) Total transfer payment to the “Other” business 815,565 416,169
(c) Payments to non-related entities
    (i) Asset maintenance 0 0
    (ii) Consumer disconnections and reconnections 0 0
    (iii) Meter data 0 0
    (iv) Consumer based load control 0 0
    (v) Royalty and patent expenses 0 0
    (vi) Total of specified expenses to non-related parties 0 0
(d) Employee salaries, wages and redundancies 430,702 343,821
(e) Consumer billing and information system expense 25,849 19,211
(f) Depreciation on
    (i) System fixed assets 293,965 290,736
    (ii) Other assets not listed in (i) 43,245 52,195
    (iii) Total depreciation expense 337,210 342,931
(g) Amortisation of
    (i) Goodwill 0 0
    (ii) Other intangibles 0 0
    (iii) Total amortisation of intangibles 0 0
(h) Corporate and administration 138,880 195,959
(i) Human resource expense 22,495 29,491
(j) Marketing and advertising 20,082 4,463
(k) Merger and acquisition expenses 0 0
(l) Takeover defence expenses 0 0
(m) Research and development expenses 185,478 200,012
(n) Consultancy and legal expenses 185,478 200,012
(o) Donations 32,500 35,555
(p) Directors fees 64,000 62,750
(q) Audit fees
    (i) Audit fees paid to principal auditors 18,200 26,057
    (ii) Audit fees paid to other auditors 0 0
    (iii) Fees paid for other services provided by auditors 36,334 0
    (iv) Total auditors fees 54,534 26,057
(r) Costs of offering credits
    (i) Bad debts written off 0 0
    (ii) Increase in estimated doubtful debts 0 0
    (iii) Total costs of offering credit 0 0


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 93


Gazette.govt.nz — PDF NZ Gazette 2002, No 93




✨ LLM interpretation of page content

🏭 Certification of Financial Statements and Performance Measures by Buller Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
30 July 2002
Financial Statements, Performance Measures, Electricity, Certification, Buller Electricity Limited, Accounting Policies