✨ Financial Statements
29 AUGUST NEW ZEALAND GAZETTE 3321
UNISON NETWORKS - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2003
21 CAPITAL WORK IN PROGRESS
| 2003 | 2002 | |
|---|---|---|
| $'000 | $'000 | |
| Electrical Distribution Network | 7,391 | 2,638 |
| 7,391 | 2,638 |
22 ACCOUNTS PAYABLE AND ACCRUALS
| 2003 | 2002 | |
|---|---|---|
| $'000 | $'000 | |
| Trade creditors | 6,589 | 3,808 |
| Interest payable | 1,090 | - |
| 7,679 | 3,808 |
23 EVENTS SUBSEQUENT TO BALANCE DATE
The Commerce Commission has published (on 6 June 2003) in the New Zealand gazette the final determination for the future regulation of electricity lines businesses within New Zealand.
Note 12 details the potential exposure that the Company faces in relation to the retrospective nature of the Commissions price path determir
A winter task force has been established to co-ordinate nationwide measures to conserve electricity as a direct result of reduced supply levels at hydro generation stations. If these measures extend to lengthy water heating controlling and rolling blackouts, the Company will see a reduction in network charges.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 122
Gazette.govt.nz —
NZ Gazette 2003, No 122
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Unison Networks Limited Financial Statements Notes
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🏭 Trade, Customs & IndustryFinancial Statements, Capital Work in Progress, Accounts Payable, Accruals, Events Subsequent to Balance Date, Commerce Commission, Electricity Regulation, Hydro Generation