β¨ Financial Statements
3 AUGUST 2005
NEW ZEALAND GAZETTE, No. 114
2745
WEL NETWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2005
| Line Business | 2005 ($000s) | 2004 ($000s) |
|---|---|---|
1 Operating Revenue
Revenue from Other
- Line access charges | 43,838 | 42,566 |
- Interest | 1,051 | 681 |
- AC Rental Rebates | 1,234 | 1,728 |
- Revenue from other business | - | - |
- Other operating revenue | - | - |
Total Operating Income | 46,123 | 44,975 |
Deducted from Line access charges is $14.1M discount (2004 $11.4M)
2 Operating Expenditure
| 2005 ($000s) | 2004 ($000s) | |
|---|---|---|
| Transmission charges | 11,755 | 10,615 |
| Transfer payments to Other business for: | ||
| - Asset Maintenance | 3,813 | 2,958 |
| - Disconnections/Reconnection | - | - |
| - Meter data | - | - |
| - Consumer based load control | - | - |
| - Avoided transmission (own generation) | - | - |
| - Royalties & patents | - | - |
| - Other goods/services | - | - |
| Total | 3,813 | 2,958 |
Expenses to entities that are not related parties for:
| - Asset Maintenance | - | - |
| - Disconnections/Reconnection | - | - |
| - Meter data | - | - |
| - Consumer based load control | - | - |
| - Royalties & patents | - | - |
| - Other goods/services | - | - |
| Total | - | - |
| Employee salaries and redundancies | 3,555 | 3,768 |
| Customer billing & Information System expense | - | - |
| Depreciation on: | | |
| - Distribution system | 5,690 | 5,351 |
| - Other assets | 748 | 892 |
| Total | 6,438 | 6,243 |
Amortisation of:
| - Goodwill | - | - |
| - Other Intangibles | - | - |
| Total | - | - |
| Corporate & administration | 467 | 199 |
| Human resource expenses | 248 | 239 |
| Marketing & advertising | 245 | 266 |
| Merger and acquisition | 0 | 2 |
| Takeover defence | - | - |
| Research & development | - | 1 |
| Consultancy & legal | 911 | 1,140 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 114
Gazette.govt.nz —
NZ Gazette 2005, No 114
β¨ LLM interpretation of page content
π
Statement of Accounting Policies for WEL Networks Limited
(continued from previous page)
π Trade, Customs & Industry3 August 2005
Accounting Policies, Expenditure Allocation, Bank Balances, Fixed Assets, Creditors, Leased Assets, Operating Leases, Changes in Accounting Policy, WEL Networks Limited