New Zealand Gazette – 2005 – No. 20

Page 449

✨ Financial Statements

19 JANUARY 2005
NEW ZEALAND GAZETTE, No. 20
449

Alpine Energy Limited Lines Business

Statement of Financial Performance for the Year Ended 31 March 2004

REVENUE
Note
2004
$
2003
$
Operating revenue
Revenue from line/access charges
25,217,612
24,562,129
Revenue from "Other" business for services carried out by the line business
0
0
Interest on cash, bank balances and short term investments
493,433
555,291
AC loss-rental rebates
984,267
732,398
Other revenue not listed above
Capital Contributions
1,438,034
1,285,892
Other
8,444
9,029
1,446,478
1,294,921
Total operating revenue
28,141,790
27,144,739

EXPENDITURE
2004
$
2003
$
Operating expenditure
Payment for transmission charges
7,546,649
7,566,123
Transfer payments to the "Other" business for
Asset maintenance
8
2,307,220
2,059,671
Consumer disconnection/reconnection services
0
0
Meter data
0
0
Consumer-based load control services
0
0
Royalty and patent expenses
0
0
Avoided transmission charges on account of own generation
0
0
Other goods and services
8
1,702,741
1,452,660
Total transfer payment to the "Other" business
4,009,961
3,512,331
Expense to entities that are not related parties for
Asset maintenance
280,905
158,608
Consumer disconnection/reconnection services
0
0
Meter data
0
0
Consumer-based load control services
0
0
Royalty and patent expenses
0
0
Total of specified expenses to non-related parties
280,905
158,608
Employee salaries, wages and redundancies
0
Consumer billing and information system expense
0
Depreciation on
System property, plant and equipment
3,227,682
3,134,228
Other property, plant and equipment
1,292
1,237
Total depreciation
3,229,174
3,135,465
Amortisation of
Goodwill
0
0
Other intangibles
0
0
Total amortisation of intangibles
0
0
Corporate and administration
96,332
401,476
Human resource expenses
541
Marketing/advertising
30,206
12,785
Merger and acquisition expenses
0
0
Takeover defence expenses
0
0
Research and development expenses
0
0
Consultancy and legal expenses
214,640
90,130
Donations
0
0