✨ Financial Statements
17 DECEMBER 2004 NEW ZEALAND GAZETTE, No. 168 4211
Services provided by Connetics:
Asset maintenance
- asset storage 190 219
- emergency work 1,876 1,823
- other asset maintenance 5,823 4,391
7,889 6,433
Asset construction
- subtransmission assets 104 328
- zone substations 1,937 -
- distribution lines and cables 1,213 1,300
- medium voltage switchgear 1,003 2,383
- distribution transformers 23 -
- distribution substations 2,066 986
- low voltage lines and cables 2,383 1,409
- other system fixed assets 377 3,428
9,083 9,857
Other services provided to line business
- meter data
- consumer-based load control
- disconnection/reconnection services
- avoided transmission charges
- other goods and services
-
-16,972 16,290
-
Balance outstanding at 31 March 2,989 2,465
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 20th of the month following date of invoice.
Payments received from Connetics for services 115 96
Payments received from Connetics for transformers - 9
Balance outstanding at 31 March 29 8
17. Significant events after balance date
There were no significant events between the preparation and authorisation of these accounts on 7 December 2004.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 168
Gazette.govt.nz —
NZ Gazette 2004, No 168
✨ LLM interpretation of page content
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Notes to the financial statements for Orion New Zealand Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Asset maintenance, Asset construction, Services, Payments, Balances