New Zealand Gazette – 2005 – No. 134

Page 3278

✨ Financial Statements

3278

NEW ZEALAND GAZETTE, No. 134

22 AUGUST 2005

9 Equity
(a.) Shareholders’ equity -
(i) Share capital 18,000 18,000
(ii) Retained earnings 8,670 9,798
(iii) Reserves 64,077 63,813
(iv) Total shareholders’ equity 90,747 91,611
(b.) Minority interests in subsidiaries - -
(c.) Total equity 90,747 91,611
(d.) Capital notes - -
(e.) Total capital funds 90,747 91,611

10 Total Equity and Liabilities 107,807 109,330

11 Operating revenue
(a.) Revenue from line/access charges 21,869 20,878
(b.) Line charge discount to consumers (7,000) (6,921)
(c.) Revenue from “other” business for services
carried out by the line business (transfer payment) - -
(d.) Interest on cash, bank balances, and short-term investments 16 17
(e.) AC loss-rental rebates 437 842
(f.) Other operating revenue not listed in (a) to (d) 471 406
(g.) Total operating revenue 15,813 15,222

12 Operating expenditure
(a.) Payment for transmission charges 5,812 5,390
(b.) Transfer payments to the “other” business for:
(i) Asset maintenance: 1,563 1,871
(ii) Consumer disconnection/reconnection services: - -
(iii) Meter data: - -
(iv) Consumer-based load control services: - -
(v) Royalty and patent expenses: - -
(vi) Avoided transmission charges on account of own generation: - -
(vii) Other goods and services not listed in (i) to (vi): - -
(viii) Total transfer payment to the “other” business 1,563 1,871
(c.) Expense to entities that are not related parties for:
(i) Asset maintenance: 1,000 1,224
(ii) Consumer disconnection/reconnection services: - -
(iii) Meter data: - -
(iv) Consumer-based load control services: - -
(v) Royalty and patent expenses: - -
(vi) Total of specified expenses to non-related parties 1,000 1,224
(d.) Employee salaries, wages and redundancies 838 856
(e.) Consumer billing and information systems - -
(f.) Depreciation on:
(i) System fixed assets: 3,342 2,519
(ii) Other assets not listed in (i): 564 562
(iii) Total depreciation 3,906 3,081
(g.) Amortisation of:
(i) Goodwill - -
(ii) Other intangibles - -
(iii) Total amortisation of intangibles - -
(h.) Corporate and administration 579 632
(i.) Human resource expenses 97 87