✨ Financial Statements
MARLBOROUGH LINES LIMITED - LINES BUSINESS
Financial Statements Prepared in Accord with The Electricity Information Disclosure Requirements 2004
STATEMENT OF FINANCIAL PERFORMANCE
For the Year Ended 31 March 2004
| Notes | 2004
$000 | 2003
$000 |
|-------|----------------|---------------|
Operating Revenue
-
Revenue from line/access charges | 16,316 | 15,554 |
-
Revenue from "Other" business for services carried out by the line business | 109 | 460 |
-
Interest on cash, bank balances and short term investments | 378 | 228 |
-
AC loss-rental rebates | 524 | 391 |
-
Other operating revenue | 2,234 | 264 |
Total Operating Revenue | 19,561 | 16,897 |
Operating Expenditure
-
Payment for transmission charges | 3,229 | 3,315 |
-
Transfer payments to the "Other" business for:
- Asset maintenance | 1,103 | 1,268 |
- Consumer disconnection/reconnection services | - | - |
- Meter data | - | - |
- Consumer-based load control services | 43 | 35 |
- Royalty and patent expenses | - | - |
- Avoided transmission charges on account of own generation | - | - |
- Other goods and services | 625 | 407 |
Total transfer payment to the "Other" business | 1,771 | 1,710 |
-
Expense to entities that are not related parties for:
- Asset maintenance | 658 | 630 |
- Consumer disconnection/reconnection services | - | - |
- Meter data | - | - |
- Consumer-based load control services | - | - |
- Royalty and patent expenses | - | - |
Total of specified expenses to non-related parties | 658 | 630 |
-
Employee salaries, wages and redundancies | 1,585 | 1,429 |
-
Consumer billing and information system expense | 307 | 142 |
-
Depreciation on:
- System fixed assets | 3,794 | 1,408 |
- Other assets | 387 | 300 |
Total depreciation | 4,181 | 1,708 |
-
Amortisation of:
- Goodwill | - | - |
- Other intangibles | - | - |
Total amortisation of intangibles | - | - |
-
Corporate and administration | 470 | 582 |
-
Human resource expenses | 240 | 221 |
-
Marketing/advertising | 79 | 111 |
-
Merger and acquisition expenses | - | - |
-
Takeover defence expenses | - | - |
-
Research and development expenses | - | 92 |
-
Consultancy and legal expenses | 92 | 118 |
-
Donations | 31 | 10 |
-
Directors' fees | 150 | 149 |
The accompanying notes form an integral part of these financial statements.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 18
Gazette.govt.nz —
NZ Gazette 2005, No 18
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Marlborough Lines Limited Financial Statements
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