New Zealand Gazette – 2005 – No. 101

Page 2416

✨ Financial Statements



WAIPA NETWORKS LIMITED - LINES BUSINESS

2005 $ 2004 $
9 Equity
(a) Shareholders' equity
(i) Share Capital - -
(ii) Retained Earnings 7,448,527 6,810,811
(iii) Reserves 44,516,299 34,862,235
(iv) Total Shareholders' equity 51,964,826 41,673,046
(b) Minority interests in subsidiaries - -
(c) Total Equity 51,964,826 41,673,046
(d) Capital notes - -
(e) Total capital funds 51,964,826 41,673,046

10 Total equity and liabilities | 60,767,157 | 50,341,132 |

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

11 Operating revenue

2005 $ 2004 $
(a) Revenue from line/access charges 9,057,021 8,693,981
(b) Revenue from "Other" business (transfer payment) - -
(c) Income from interest on bank & short-term investments 33,073 43,120
(d) AC loss-rental rebates 233,169 486,405
(e) Other operating revenue not listed in (a) to (d) 851,615 545,788
(f) Total operating revenue 10,174,878 9,769,294

12 Operating expenditure

2005 $ 2004 $
(a) Transmission Charges 3,771,997 3,517,964
(b) Transfer payments to "Other" business
(i) Asset maintenance 1,299,478 1,248,027
(ii) Consumer disconnections and reconnections 6,636 5,376
(iii) Meter data - -
(iv) Consumer-based load control 50,877 34,825
(v) Royalty and patent expenses - -
(vi) Avoided transmission charges for own generation - -
(vii) Other goods & services not listed in (i) to (vi) above - -
(viii) Total transfer payment to the "Other" business 1,356,991 1,288,228
(c) Payments to non-related entities
(i) Asset maintenance 303,432 210,275
(ii) Consumer disconnections and reconnections - -
(iii) Meter data - -
(iv) Consumer-based load control - -
(v) Royalty and patent expenses - -
(vi) Total of specified expenses to non-related parties 303,432 210,275
(d) Employee salaries, wages and redundancies 861,950 819,173
(e) Consumer billing and information system expense 40,759 36,131
(f) Depreciation on
(i) System fixed assets 1,439,386 1,233,583
(ii) Other assets not listed in (i) 80,834 88,082
(iii) Total depreciation expense 1,520,220 1,321,665


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 101


Gazette.govt.nz — PDF NZ Gazette 2005, No 101




✨ LLM interpretation of page content

🏭 Notes to and forming part of the Financial Statements for Waipa Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Disclosure, Assets, Liabilities, Waipa Networks Limited