✨ Financial Statements Notes
Alpine Energy Limited Lines Business
Notes to and Forming Part of the Financial Statements - Continued
for the Year Ending 31 March 2005
Associated Entity: NetCon Limited (excl GST)
NetCon is wholly owned by Networks South Limited and provided asset maintenance and construction works services for the network from 1 April 2003 to 31 March 2005. Services were charged on both a fixed price basis or ‘time and materials’ basis.
During the period, this charge totalled $5,231,436 (2004 $4,770,601). The outstanding amount as at 31 March 2005 was $860,476 (2004 $859,996) payable on normal commercial terms.
No debts were written off or forgiven and no transactions took place at nil or nominal value.
During the period capital construction transactions totalled the following:
| | 2005
$ | 2004
$
| --- | --- | --- |
| Asset Construction: | |
| Subtransmission assets | 0 | 0 |
| Zone Substations | 385,089 | 236,802 |
| Distribution Lines | 1,826,500 | 1,516,944 |
| Medium Voltage Switchgear | 0 | 0 |
| Distribution Transformers | 42,787 | 38,215 |
| Distribution Substations | 72,790 | 28,738 |
| Low Voltage lines | 897,958 | 893,689 |
| Other System Fixed Assets (as per the ODV Handbook) | 0 | 0 |
| Maintenance of Assets | 1,848,334 | 1,923,805 |
| Customer Connections and Disconnections | 0 | 0 |
| Other Goods and Services | 157,978 | 132,408 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 144
Gazette.govt.nz —
NZ Gazette 2005, No 144
✨ LLM interpretation of page content
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Alpine Energy Limited Lines Business Financial Statements Notes
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Associated Entity, NetCon Limited, Asset Maintenance, Construction Works, Capital Construction, Asset Construction, Maintenance of Assets, Customer Connections, Disconnections