✨ Financial Statements
3612
NEW ZEALAND GAZETTE, No. 147
30 AUGUST 2005
Vector Limited
Electricity Lines Business
Notes to the Financial Statements
For the year ended 31 March 2005
3. OPERATING EXPENDITURE (CONTINUED)
| 2005 $000 | 2004 $000 | |
|---|---|---|
| Auditors’ fees | ||
| Audit fees paid to principal auditors - KPMG | 354 | 217 |
| Audit fees paid to other auditors | - | - |
| Fees paid for other services provided by principal and other auditors | 257 | 394 |
| Total auditors’ fees | 611 | 611 |
| Payment for transmission charges | 127,684 | 116,869 |
| Employee salaries, wages and redundancies | 22,366 | 19,018 |
| Consumer billing and information system expense | 2,132 | 3,288 |
| Loss on sale of property, plant and equipment | 4,675 | 2,766 |
| Corporate and administration | 8,279 | 8,812 |
| Human resource expenses | 1,897 | 1,843 |
| Marketing / advertising | 3,892 | 3,550 |
| Merger and acquisition expenses | - | - |
| Research and development expenses | - | - |
| Consultancy and legal expenses | 4,479 | 5,492 |
| Donations | - | 10 |
| Directors’ fees | 628 | 423 |
| Local authority rates expense | 4,696 | 4,640 |
| AC loss – rental rebates (distribution to retailers/customers) expense | 9,856 | 14,307 |
| Rebates to consumers due to ownership interest | - | - |
| Subvention payments | - | - |
| Unusual expenses | - | - |
| Rental expense on operating leases | 1,736 | 1,654 |
| Other expenditure | 4,441 | 6,561 |
| Total operating expenditure | 342,884 | 327,574 |
Transfer payments to the “other” business
| 2005 $000 | 2004 $000 | |
|---|---|---|
| Asset maintenance | - | - |
| Consumer disconnection/reconnection services | - | - |
| Meter data | - | - |
| Consumer-based load control services | - | - |
| Royalty and patent expenses | - | - |
| Avoided transmission charges on account of own generation | - | - |
| Other goods and services | - | - |
| Total transfer payment to the “other” business | - | - |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 147
Gazette.govt.nz —
NZ Gazette 2005, No 147
✨ LLM interpretation of page content
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Vector Limited's Financial Position
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