New Zealand Gazette – 2003 – No. 103

Page 2742

✨ Financial Tables

2742 NEW ZEALAND GAZETTE No. 103

Services provided by Connetics:

	2003 $000's	2002 $000's
Asset maintenance
- asset storage	219	189
- emergency work	1,866	1,234
- other asset maintenance	4,496	6,418
	6,581	7,841

| Asset construction | | |
| - subtransmission assets| 336 | 423 |
| - zone substations | - | 538 |
| - distribution lines and cables | 1,331 | 1,171 |
| - medium voltage switchgear | 2,439 | 1,810 |
| - distribution transformers | 24 | 78 |
| - distribution substations | 1,010 | 983 |
| - low voltage lines and cables | 1,442 | 6,844 |
| - other system fixed assets | 3,510 | 1,548 |
| | 10,091 | 13,395 |

| Other services provided to line business | | |
| - meter data | - | 20 |
| - consumer-based load control | - | - |
| - disconnection/reconnection services | - | - |
| - avoided transmission charges | - | - |
| - other goods and services | - | - |
| | 16,672 | 21,256 |

Balance outstanding at 31 March | 2,465 | 2,590 |

The Company has provided directors and some specialised administrative support to Connetics. These have been charged on a commercial arms-length basis.

Some spare transformers have been sold to Connetics. These have been on a negotiated basis.

No debts have been written off or forgiven during the year. Amounts were due the 20^th of the month following date of invoice.

| Payments received from Connetics for services | 96 | 173 |
| Payments received from Connetics for transformers | 9 | 34 |

Balance outstanding at 31 March | 8 | 18 |

SIGNIFICANT EVENTS AFTER BALANCE DATE

There were no significant events between the preparation and authorisation of these accounts on 18 July 2003.

VUW Te Waharoa — NZ Gazette 2003, No 103

Gazette.govt.nz — NZ Gazette 2003, No 103

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✨ LLM interpretation of page content

💰 Related Parties Transactions (continued from previous page)

Domain💰 Finance & Revenue
KeywordsRelated parties, Shareholders, Commercial transactions, Dividends, Asset maintenance, Asset construction, Services, Payments

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