β¨ Financial Statements
NEW ZEALAND GAZETTE, No. 171
22 DECEMBER 2004
4265
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2004
2. OPERATING REVENUE
| LINES BUSINESS 2004 $\'000 | LINES BUSINESS 2003 $\'000 | |
|---|---|---|
| Transmission services revenue | 455,416 | 439,616 |
| Other revenue | 1,230 | 1,672 |
| Total operating revenue | 456,646 | 441,288 |
Transmission services revenue consists of charges for the transmission of electricity from the point of generation to the point of supply.
Electricity regulations additional disclosures:
Revenue provided to Lines Business from Other Transpower Businesses
| 71 |
|---|
Revenue - AC loss rental rebates
| 2004 | 2003 | |
|---|---|---|
| Expense - AC loss rental rebates | (38,322) | (69,063) |
AC loss rental rebates not passed through to customers.
| | | 13 |
A $36 million gain arising from a Cross Border Lease disal December 2003 has been excluded from these statements as it has been deemed not to relate to the lines business. Associated expenses and taxation costs relating to this transaction have been excluded on the same basis.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 171
Gazette.govt.nz —
NZ Gazette 2004, No 171
β¨ LLM interpretation of page content
π
Financial Performance of Transpower New Zealand Limited Lines Business
(continued from previous page)
π Trade, Customs & Industry22 December 2004
Financial Statements, Operating Revenue, Transmission Services, Electricity Regulations, Cross Border Lease