New Zealand Gazette – 2003 – No. 140

Page 3749

✨ Financial Statements Notes



NELSON ELECTRICITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year to 31 March 2003

14. Industry Restructuring

As a result of agreement reached on 1 April 1999 between Nelson Electricity Ltd, Trans Alta Ltd and Citipower Ltd, the Nelson Electricity Network lease in favour of Citipower was terminated on that date.
Nelson Electricity capitalised the costs of terminating the network lease. This cost was amortised over the remaining life of the original lease and was completed as at 31 March 2002

Schedule 4 Part 8
Annual Valuation Reconciliation Report for Year ending 31 March 2002

31-Mar-03 31-Mar-02
System Fixed Assets at ODV at 31 March 2002 $000 $000
13,837 14,167
Add System Fixed Assets Acquired During the Year at ODV 297 217
Less System Fixed Assets Disposed of During the Year At ODV (90) (21)
Less Depreciation on System Fixed Assets (513) (526)
Add Revaluations of System Fixed Assets
Equals System Fixed Assets at ODV at 31 March 2002 13,531 13,837

Note 15:

This information replaces information previously audited on 12 August 2003 and publicly disclosed on 20 August 2003 in the New Zealand Gazette - Issue No. 107. The following additions and amendments are included herein:

Derivation table

published amended
ANWC0 0 2.55
ANWC1 0 2.53

These omissions impacted the following calculations:

published amended
ATFE 14,434 14,688
ROF 21.0% 20.7%
ROI 13.0% 12.8%

The financial performance measures disclosed were rounded to whole percentages and were thus correct, but are republished here correct to one decimal point.

Energy Delivery Efficiency Performance Measures

published amended
loss ratio 2003 5.8% 5.45%
loss ratio 2002 2.5% 2.41%

Statistics
The following headings have been amended

  • (f) Total electricity entering the system (before losses), in kWh
  • (g) Total electricity supplied from the system (after losses) on behalf of each generator or retailer, in kWh

Reliability Performance Measures
Targets for 2004 were omitted but are now included for:

  • Interruption targets - class B and class C
  • Faults (Class C) per 100 kilometres - 11kV, 33kV and total
  • SAIDI target - class B and class C
  • SAIFI target - class B and class C
  • CAIDI target - class B and class C

amended information - refer note 15



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 140


Gazette.govt.nz — PDF NZ Gazette 2003, No 140




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Nelson Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Financial Statements, Depreciation, Taxation, Financial Instruments, Fixed Assets, Operating Leases, Nelson Electricity Limited