New Zealand Gazette – 2003 – No. 102

Page 2712

✨ Financial Statements



2712

NEW ZEALAND GAZETTE

No. 102

Alpine Energy Limited (Lines)
Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations

Notes to and Forming Part of the Financial Statements - Continued
for the Year Ending 31 March 2003

Associated Entity: NetCon Limited (excl GST)

NetCon is wholly owned by Networks South Limited and provided asset maintenance and construction services for the network from 1 April 2002 to 31 March 2003. Services were charged on both a fixed price basis or 'time and materials' basis.

During the period, this charge totalled $5,636,515 (2002 $4,336,209). The outstanding amount as at 31 March 2003 was $878,839 (2002 $337,167) payable on normal commercial terms.

No debts were written off or forgiven and no transactions took place at nil or nominal value.

During the period capital construction transactions totalled the following:

Asset Construction: 2003 $ 2002 $
Subtransmission assets 0 0
Zone Substations 391,713 384,645
Distribution Lines 2,773,185 1,387,217
Medium Voltage Switchgear 17,208 25,005
Distribution Transformers 43,364 28,982
Distribution Substations 24,844 52,516
Low Voltage lines 1,004,398 721,291
Other System Fixed Assets (as per the ODV Handbook) 0 0
Maintenance of Assets 1,248,489 1,577,977
Customer Connections and Disconnections 0 0
Other Goods and Services 133,314 158,576


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, Capital Commitments, Financial Instruments, Credit Risk, Fair Value, Operating Surplus, Cash Flows, Related Party Transactions