✨ Financial Disclosure and Related Party Transactions
398
NEW ZEALAND GAZETTE, No. 17
19 JANUARY 2005
THE LINES COMPANY LIMITED—LINE BUSINESS ACTIVITY
NOTE 12 : RELATED PARTY TRANSACTIONS
a) The related party is the contracting division of The Lines Company.
b) The period covered in these statements are 1st April 2003 to 31st March 2004.
c) There are no outstanding balances and no related party debts have been written off.
d) Maintenance work is recorded on the basis of material at cost plus 15% and labour & plant at $45 per hour. Capital expenditure is recorded at ODV values.
e) Construction of the following types of assets were undertaken for the lines business.
| | 2004
$000's | 2003
$000's |
|-----------------------------|--------------|--------------|
| (i) Construction of Subtransmission Assets | 648 | 998 |
| (ii) Construction of Zone Substations | 599 | 540 |
| (iii) Construction of Distribution Lines and Cables | 3,559 | 1,497 |
| (iv) Construction of Medium Voltage Switchgear | 225 | 101 |
| (v) Construction of Distribution Substations | 430 | 259 |
| (vi) Construction of Low Voltage Reticulation | 187 | 304 |
| (vii) Construction of Other Assets | - | 44 |
| (viii) Consumer connections & disconnections | 121 | 286 |
| (ix) Maintenance of distribution system | 1,854 | 2,043 |
| Total | 7,623 | 6,072 |
During the year company paid Waitomo Energy Services Customer Trust $55,000 of interest on a subordinated debenture.
Next Page →
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 Performance Disclosure
(continued from previous page)
💰 Finance & RevenueFinancial performance, Revenue, Expenditure, The Lines Company Limited, Related party transactions