New Zealand Gazette – 2005 – No. 20

Page 456

✨ Financial Statements Continuation



456

NEW ZEALAND GAZETTE, No. 20

19 JANUARY 2005

Alpine Energy Limited Lines Business

Notes to and Forming Part of the Financial Statements - Continued

for the Year Ending 31 March 2004

Associated Entity: NetCon Limited (excl GST)

NetCon is wholly owned by Networks South Limited and provided asset maintenance and construction services for the network from 1 April 2003 to 31 March 2004. Services were charged on both a fixed price basis or ‘time and materials’ basis.

During the period, this charge totalled $4,770,601 (2003 $5,636,515). The outstanding amount as at 31 March 2004 was $859,996 (2003 $878,839) payable on normal commercial terms.

No debts were written off or forgiven and no transactions took place at nil or nominal value.

During the period capital construction transactions totalled the following:

Asset Construction: 2004 $ 2003 $
Subtransmission assets 0 0
Zone Substations 236,802 391,713
Distribution Lines 1,516,944 2,773,185
Medium Voltage Switchgear 38,215 17,208
Distribution Transformers 28,738 24,844
Low Voltage lines 893,689 1,004,398
Other System Fixed Assets (as per the ODV Handbook) 0 0
Maintenance of Assets 1,923,805 1,248,489
Customer Connections and Disconnections 0 0
Other Goods and Services 132,408 133,314


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 20


Gazette.govt.nz — PDF NZ Gazette 2005, No 20




✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements Continuation (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Associated Entity, Asset Construction, Maintenance, NetCon Limited