✨ Financial Statements
HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business
NOTES TO THE FINANCIAL STATEMENTS
| NOTE | Lines Business 2004 $000 | Lines Business 2003 $000 |
|---|
2 OPERATING SURPLUS BEFORE TAXATION ITEMS
Operating revenue includes the following items:
External Income
Revenue disclosure items:
-
Revenue from line / access charges 21,674 21,617
-
Gain on Sale of Fixed Assets 133 10
-
AC loss-rental rebates 503 301
-
Other operating revenue 1,523 831
Total 23,833 22,759
Operating expenditure comprises the following items:
-
Payment for Transmission Charges 7,318 6,985
-
Expenses to non-related entities for asset maintenance services / Total specified expenses to non related parties 941 841
-
AC Loss Rental rebates expense 246 134
-
Employee Salaries, Wages and Redundancies 766 730
-
Total cost of offering Credit
-
Decrease in estimated doubtful debts – (5)
-
Bad Debts Written Off – 21
-
Directors’ Fees / Remuneration 118 158
-
Rental and Operating Lease Obligations (refer note 14) 58 60
-
Depreciation on System Fixed Assets 2,134 2,114
-
Depreciation on Other Fixed Assets 183 215
Total Depreciation 2,317 2,329
-
Local Authorities Rates Expense 65 46
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Other Expenditure 223 158
-
Auditors’ Fees / Remuneration 15 49
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Consumer Billing and Information System 71 41
-
Corporate and Administration Expenses 530 487
-
Human Resource Expenses 47 30
-
Research and Development Expenses 28 –
-
Consultancy and Legal Expenses 331 352
Total Expenditure 13,108 12,409
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 172
Gazette.govt.nz —
NZ Gazette 2004, No 172
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Financial Statements Notes for Horizon Energy Distribution Limited
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