New Zealand Gazette – 2003 – No. 162

Page 4509

✨ Financial Statements

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2003

2. OPERATING REVENUE

	LINES BUSINESS 2003	LINES BUSINESS 2002
	$000	$000
Transmission services revenue	439,616	468,335
Other revenue	1,672	1,938
Total operating revenue	441,288	470,273

Transmission services revenue consists of charges for the transmission of electricity from the point of generation to the point of supply.

Included in the 2002 financial year is a provision release of $24.5 million due to the Meridian Settlement. This resulted in an increase in the operating surplus after tax in the 2002 financial year by $21.2 million.

Electricity regulations additional disclosures:


Revenue provided to Lines Business from Other Transpower Business	71	87
Revenue - AC loss rental rebates	69,076	85,017
Expense - AC loss rental rebates	(69,063)	(84,778)
AC loss rental rebates not passed through to customers	13	239

VUW Te Waharoa — NZ Gazette 2003, No 162

Gazette.govt.nz — NZ Gazette 2003, No 162

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Financial instruments, Reclassifications, Accounting policies, Spares, Fixed assets, Depreciation

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