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New Zealand Gazette – 2005 – No. 139

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✨ Financial Statements Notes

3374

NEW ZEALAND GAZETTE, No. 139

24 AUGUST 2005

THE LINES COMPANY LIMITED - LINE BUSINESS ACTIVITY

NOTE 12 : RELATED PARTY TRANSACTIONS

a) The related party is the contracting division of The Lines Company.

b) The period covered in these statements are 1st April 2004 to 31st March 2005.

c) There are no outstanding balances and no related party debts have been written off.

d) Maintenance work is recorded on the basis of material at cost plus 15% and labour & plant at $45 per hour. Capital expenditure is recorded at ODV values.

e) Construction of the following types of assets were undertaken for the lines business.

	2005 $000's	2004 $000's
(i) Construction of Subtransmission Assets	523	648
(ii) Construction of Zone Substations	200	599
(iii) Construction of Distribution Lines and Cables	2,198	3,559
(iv) Construction of Medium Voltage Switchgear	537	225
(v) Construction of Distribution Substations	557	430
(vi) Construction of Low Voltage Reticulation	22	187
(vii) Construction of Other Assets	354	121
(viii) Consumer connections & disconnections	97	1,854
(ix) Maintenance of distribution system	1,460	7,623
	5,947	7,623

During the year company paid Waitomo Energy Sevices Customer Trust $55,000 of interest on a subordinated debenture.

VUW Te Waharoa — NZ Gazette 2005, No 139

Gazette.govt.nz — NZ Gazette 2005, No 139

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✨ LLM interpretation of page content

💰 Financial Statements Notes for The Lines Company Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Related Party Transactions, Maintenance Work, Capital Expenditure, Subtransmission Assets, Zone Substations, Distribution Lines and Cables, Medium Voltage Switchgear, Distribution Substations, Low Voltage Reticulation, Consumer Connections, Maintenance of Distribution System, Waitomo Energy Services Customer Trust, Subordinated Debenture

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