New Zealand Gazette – 2003 – No. 111

Page 2943

✨ Financial Statements



THE LINES COMPANY LIMITED-LINE BUSINESS ACTIVITY

2003 2002
$000's $000's

9 Equity

(a) Shareholders' equity

(i) Share capital

6,021 | 6,021

(ii) Retained earnings

10,068 | 9,409

(iii) Reserves

25,699 | 26,935

(iv) Total shareholders' equity

41,788 | 42,365

(b) Minority interests in subsidiaries

  • | -

(c) Total equity

41,788 | 42,365

(d) Capital notes

  • | -

(e) Total capital funds

41,788 | 42,365

10 Total equity and liabilities

78,490 | 73,996

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

NOTE 2 : OPERATING REVENUE

11 Operating Revenue

(a) Revenue from line/access charges

18,909 | 17,887

(b) Revenue from 'Other' business (transfer payment)

  • | -

(c) Income from Interest on bank & short term investments

48 | 59

(d) AC loss-rental Rebates

323 | 778

(e) Other operating revenue not listed in (a) to (d)

  • | -

(f) Total operating revenue

19,280 | 18,724

NOTE 3 : OPERATING EXPENDITURE

12 Operating Expenditure

(a) Transmission costs

3,843 | 4,276

(b) Transfer payments to the "Other" business for:

(i) Asset Maintenance Services

2,043 | 1,853

(ii) Disconnection/Reconnection Services

2 | 2

(iii) Meter Data
  • | -
(iv) Consumer Based Load control

9 | -

(v) Royalty and patent expenses
  • | -
(vi) Avoided Transmission Charges
  • | -
(vii) Other

27 | 35

(viii) Total transfer payments to the "Other" business

2,081 | 1,890

(c) Expenses to entities that are non-related parties for:

(i) Asset Maintenance Services

370 | 23

(ii) Disconnection/Reconnection Services
  • | -
(iii) Meter Data
  • | -
(iv) Consumer Based Load control

13 | -

(v) Avoided Transmission Charges
  • | -
(vi) Royalty and patent expenses
  • | -
(vii) Total of specified expenses to non-related entities

383 | 23

(d) Employee salaries/redundancies

1,179 | 853

(e) Consumer Billing and Information System

41 | 42

(f) Depreciation on:

(i) System Fixed Assets

2,849 | 2,273

(ii) Other assets not listed in (I)

295 | 388

(iii) Total Depreciation

3,144 | 2,661



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 111


Gazette.govt.nz — PDF NZ Gazette 2003, No 111




✨ LLM interpretation of page content

💰 Notes to the Financial Statements for The Lines Company Limited (continued from previous page)

💰 Finance & Revenue
Financial Statements, Equity, Operating Revenue, Operating Expenditure