✨ Financial Statements
THE LINES COMPANY LIMITED-LINE BUSINESS ACTIVITY
2004
$000's
2003
$000's
9 Equity
(a) Shareholders' equity
(i) Share capital
6,021
6,021
(ii) Retained earnings
10,505
10,068
(iii) Reserves
36,734
25,699
(iv) Total shareholders' equity
53,260
41,788
(b) Minority interests in subsidiaries
(c) Total equity
53,260
41,788
(d) Capital notes
(e) Total capital funds
53,260
41,788
10 Total equity and liabilities
101,346
81,677
Statement of Financial Performance Disclosure (Schedule 1, Part 2)
NOTE 2: OPERATING REVENUE
11 Operating Revenue
(a) Revenue from line/access charges
19,116
18,909
(b) Revenue from 'Other' business (transfer payment)
(c) Income from Interest on bank & short term investments
6
48
(d) AC loss-rental Rebates
389
323
(e) Other operating revenue not listed in (a) to (d)
(f) Total operating revenue
19,511
19,280
NOTE 3: OPERATING EXPENDITURE
12 Operating Expenditure
(a) Transmission costs
3,902
3,843
(b) Transfer payments to the "Other" business for:
(i) Asset Maintenance Services
1,854
2,043
(ii) Disconnection/Reconnection Services
13
2
(iii) Meter Data
(iv) Consumer Based Load control
7
9
(v) Royalty and patent expenses
(vi) Avoided Transmission Charges
(vii) Other
30
27
(viii) Total transfer payments to the "Other" business
1,904
2,081
(c) Expenses to entities that are non-related parties for:
(i) Asset Maintenance Services
932
370
(ii) Disconnection/Reconnection Services
(iii) Meter Data
(iv) Consumer Based Load control
13
13
(v) Avoided Transmission Charges
(vi) Royalty and patent expenses
(vii) Total of specified expenses to non-related entities
945
383
(d) Employee salaries/redundancies
1,134
1,179
(e) Consumer Billing and Information System
39
41
(f) Depreciation on:
(i) System Fixed Assets
2,962
2,849
(ii) Other assets not listed in (i)
142
295
(iii) Total Depreciation
3,104
3,144
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 17
Gazette.govt.nz —
NZ Gazette 2005, No 17
✨ LLM interpretation of page content
💰
Statement of Financial Position for The Lines Company Limited
(continued from previous page)
💰 Finance & RevenueFinancial statements, Assets, Liabilities, The Lines Company Limited, Accounting
💰 Statement of Financial Performance Disclosure
💰 Finance & RevenueFinancial performance, Revenue, Expenditure, The Lines Company Limited