Financial Statements




15 AUGUST

NEW ZEALAND GAZETTE

2705

Alpine Energy Limited (Lines)

Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations

Statement of Financial Performance for the Year Ended 31 March 2003

REVENUE

Note 2003 $
Operating revenue
Revenue from line/access charges 24,562,129
Revenue from “Other” business for services carried out by the line business 0
Interest on cash, bank balances and short term investments 555,291
AC loss-rental rebates 732,398
Other revenue not listed above
Capital Contributions 1,285,892
Other 9,029
Total operating revenue 27,144,739

EXPENDITURE

| | 2003 $
| | ---:
| Operating expenditure |
| Payment for transmission charges | 7,566,123 | 6,756,751
| Transfer payments to the “Other” business for: |
| Asset maintenance | 8 | 2,059,671 | 2,291,806
| 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 |
| Other goods and services | 8 | 1,452,660 | 1,745,874
| Total transfer payment to the “Other” business | 3,512,331 | 4,037,680

| Expense to entities that are not related parties for: | |
| Asset maintenance | 158,608 | 140,763
| 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 | 158,608 | 140,763

| Employee salaries, wages and redundancies | 0 |
| Consumer billing and information system expense | 0 |
| Depreciation on: |
| System fixed assets | 3,134,228 | 3,027,314
| Other assets | 1,237 | 1,237
| Total depreciation | 3,135,465 | 3,028,551

| Amortisation of: |
| Goodwill | 0 |
| Other intangibles | 0 |
| Total amortisation of intangibles | 0 | 0

| Corporate and administration | 401,476 | 81,482
| Human resource expenses | 541 | 1,828
| Marketing/advertising | 12,785 | 10,309
| Merger and acquisition expenses | 0 | 0
| Takeover defence expenses | 0 |
| Research and development expenses | 0 |
| Consultancy and legal expenses | 90,130 | 99,887
| Donations | 0 |



Next Page →



Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 102


Gazette.govt.nz PDF NZ Gazette 2003, No 102





✨ LLM interpretation of page content

🌾 Financial Statements for Alpine Energy Limited (continued from previous page)

🌾 Primary Industries & Resources
Electricity, Financial Statements, Information Disclosure, Alpine Energy Limited