New Zealand Gazette – 2005 – No. 147

Page 3611

✨ Financial Statements



30 AUGUST 2005 NEW ZEALAND GAZETTE, No. 147 3611

Vector Limited

Electricity Lines Business

Notes to the Financial Statements

For the year ended 31 March 2005

  1. SEGMENT INFORMATION

The electricity lines business operates within the electricity distribution sector. All operations are carried out within New Zealand.

  1. OPERATING REVENUE

| | 2005
($000) | 2004
($000) |
|----------------------------------|--------------|-------------|
| Revenue from line/access charges | 515,028 | 476,952 |
| Revenue from “other” business for services carried out by the line business (transfer payment) | - | - |
| Interest on cash, bank balances and short-term investments | 1,254 | 411 |
| AC loss-rental rebates | 9,856 | 14,307 |
| Gain on sale of property, plant and equipment | 1,192 | 247 |
| Other operating revenue | 31,318 | 37,465 |
| Total operating revenue | 558,648 | 529,382 |

  1. OPERATING EXPENDITURE

| | 2005
($000) | 2004
($000) |
|----------------------------------|-------------|-------------|
| Depreciation | | |
| System fixed assets | 58,011 | 60,257 |
| Other assets | 4,428 | 5,759 |
| Total depreciation | 62,439 | 66,016 |
| Amortisation | | |
| Goodwill | 30,320 | 29,975 |
| Other intangibles | - | - |
| Total amortisation of intangibles | 30,320 | 29,975 |
| Expense to entities that are not related parties |
| Asset maintenance | 53,350 | 41,145 |
| Consumer disconnection/reconnection services | - | - |
| Meter data | 4 | 4 |
| Consumer-based load control services | - | - |
| Royalty and patent expense | - | - |
| Total of specified expenses to non-related parties | 53,354 | 41,149 |
| Cost of offering credit | | |
| Bad debts written off | 557 | 52 |
| Increase/(decrease) in estimated doubtful debts | (1,158) | 538 |
| Total cost of offering credit| (601) | 590 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 147


Gazette.govt.nz — PDF NZ Gazette 2005, No 147




✨ LLM interpretation of page content

🏭 Vector Limited's Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Electricity Lines Business, Vector Limited