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New Zealand Gazette – 2005 – No. 149

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✨ Financial Statements

31 AUGUST 2005

NEW ZEALAND GAZETTE, No. 149

3645

Notes to the financial statements (continued)

For the year ended 31 March 2005

| | 2005
$000 | 2004
$000 |
|---------------------|----------------|----------------|
| 2 Operating revenue |
| (a) Revenue from line/access charges: | 21,888 | 19,872 |
| (b) Revenue from "Other" business for services carried out by the line business (transfer payment): | 166 | 167 |
| (c) Interest on cash, bank balances and short term investments: | 252 | 127 |
| (d) AC loss-rental rebates: | 735 | 2,061 |
| (e) Other revenue not listed in (a) to (d): | 308 | 291 |
| (f) Total operating revenue | 23,349 | 22,518 |

3 Operating expenditure

| | 2005
$000 | 2004
$000 |
|---------------------|----------------|----------------|
| (a) Payment for transmission charges | 5,409 | 5,731 |
| (b) Transfer payments to the "Other" business for: | - | - |
| (i) Asset maintenance: | - | - |
| (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 | 1,282 | 913 |
| (vii) Other goods and services not listed in (i) to (vi) above | - | - |
| (viii) Total transfer payment to the "Other" business | 1,282 | 913 |

| (c) Expense to entities that are not related parties for: | | |
| (i) Asset maintenance: | 1,774 | 1,771 |
| (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 (sum of (i) to (v)) | 1,774 | 1,771 |

| (d) Employee salaries, wages and redundancies | 928 | 1,053 |
| (e) Consumer billing and information system expense | 139 | 45 |
| (f) Depreciation on: | | |
| (i) System fixed assets: | 2,632 | 2,641 |
| (ii) Other assets not listed in (i) | 347 | 359 |
| (iii) Total depreciation | 2,979 | 3,000 |

| (g) Amortisation of: | | |
| (i) Goodwill: | - | - |
| (ii) Other intangibles: | - | - |
| (iii) Total amortisation of intangibles | - | - |

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