✨ Financial Statements
Network Waitaki Limited (Lines)
Statement of Financial Performance for the Year Ended 31 March 2003
REVENUE
| Note | 2003 ($) | 2002 ($) |
|---|
Operating revenue
-
Revenue from line/access charges: 7,297,562 (1,221,561) | 7,385,600 (2,165,542)
-
Revenue returned as Customer Discount
-
Revenue from "Other" business for services carried out by the line business: 0 | 0
-
Interest on cash, bank balances and short term investments: 368,473 | 355,442
-
AC loss-rental rebates: 209,957 | 434,495
-
Other revenue not listed above: 0 | 0
-
Capital Contributions: 149,543 | 246,832
-
Use of Money Interest: 0 | 0
-
Other: 0 | 0
Total operating revenue: 6,803,974 | 6,256,827
EXPENDITURE
| 2003 ($) | 2002 ($) |
|---|
Operating expenditure
-
Payment for transmission charges: 2,222,878 | 2,050,764
-
Transfer payments to the "Other" business for:
- Asset maintenance: 629,791 | 686,205
- Consumer disconnection/reconnection services: 0 | 0
- Meter data: 0 | 0
- Consumer-based load control services: 0 | 0
- Royalty and patent expenses: 0 | 0
- Avoided transmission charges on account of own generation: 0 | 0
- Other goods and services: 686,153 |
Total transfer payment to the "Other" business: 1,315,944 | 686,205
-
Expense to entities that are not related parties for:
- Asset maintenance: 143,701 | 74,173
- Consumer disconnection/reconnection services: 0 | 0
- Meter data: 0 | 0
- Consumer-based load control services: 0 | 0
- Royalty and patent expenses: 0 |
Total of specified expenses to non-related parties: 143,701 | 74,173
-
Employee salaries, wages and redundancies: 30,346 | 0
-
Consumer billing and information system expense: 19,257 | 19,200
Depreciation
-
System fixed assets: 2,156,486 | 1,394,886
-
Other assets: 7,410 | 15,467
Total depreciation: 2,163,896 | 1,410,353
Amortisation of intangibles
-
Goodwill: 0 | 0
-
Other intangibles: 0 | 0
Total amortisation of intangibles: 0 | 0
-
Corporate and administration: 182,540 | 714,889
-
Human resource expenses: 551 | 0
-
Marketing/advertising: 1,389 | 7,756
-
Merger and acquisition expenses: 0 | 0
-
Takeover defence expenses: 0 | 0
-
Research and development expenses: 0 | 0
-
Consultancy and legal expenses: 0 | 5,992
-
Donations: 0 | 0
-
Directors' fees: 54,731 | 41,727
-
Auditors’ fees:
- Audit fees paid to principal auditors: 13,876 | 11,056
- Audit fees paid to other auditors: 0 | 0
- Fees paid for other services provided by principal and other auditors: 0 | 0
Total auditors’ fees: 13,876 | 11,056
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 100
Gazette.govt.nz —
NZ Gazette 2003, No 100
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Financial Statements for Network Waitaki Limited's Lines Business
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