New Zealand Gazette – 2005 – No. 23

Page 547

✨ Financial Statements



UNION NETWORKS - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2004

25 MANDATORY SPECIFIC DISCLOSURE...continued

The following information is required to be disclosed in the financial statements under requirement 6 of the Commerce Act Electricity Information Disclosure Requirements 2004.

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

2004 2003*
$'000 $'000
(a) Operating revenue
Revenue from line/access charges: 72,598 48,554
(b) Revenue from "other" business for services carried out by the line business (transfer payment): - -
(c) Interest on cash, bank balances and short term investments: 97 213
(d) AC loss-rebates 2,252 4,091
(e) Other revenue not listed in (a) to (d): 130 56
(f) Total operating revenue pre Discounts 75,457 52,916
2004 2003*
$'000 $'000
(a) Operating expenditure
Payments for Transmission Charges 18,239 13,758
Transfer payments to the "other" business for:
(i) Asset maintenance 18,239 13,758
(ii) Consumer disconnection/reconnection services: - -
(iii) Meter data: - -
(iv) Consumer-based load control services: - -
(v) Royalty and patent expenses: - -
(vi) Avoided transmission charges on account of own generation: - -
(vii) Other goods and services not listed in (i) to (vi) above: - -
Total transfer payment to the "Other" business - -
(c) Expense to entities that are not related parties for:
(i) Asset maintenance 5,021 4,419
(ii) Consumer disconnection/reconnection services: - -
(iii) Meter data: - -
(iv) Consumer-based load control services: - -
(v) Royalty and patent expenses: - -
(vi) Total of specified expenses to non-related parties (sum of (i) to (v)) 5,021 4,419
(d) Employee salaries, wages and redundancies 5,836 3,486
(e) Consumer billing and information system expense - -
(f) Depreciation on:
(i) System fixed assets: 10,439 8,493
(ii) Other assets not listed in (i): 1,156 1,108
(iii) Total depreciation 11,595 9,601
(g) Amortisation of:
(i) Goodwill: 4,495 1,844
(ii) Other intangibles: - -
(iii) Total amortisation of intangibles 4,495 1,844
(h) Corporate and administration:
(i) Human resource expenses: 1,809 614
(ii) Marketing/advertising: 82 44
(iii) Merger and acquisition expenses: 438 487
(iv) Takeover defence expenses: - 2,457
(v) Research and development expenses: 44 35
(vi) Contingency and legal expenses: 1,111 406
(vii) Donations: - -
(viii) Directors' fees: 154 130
(p) Total corporate and administration 3,638 4,178

*Comparisons for 2003 include the Hawke's Bay area for the full year and Rotorua/Taupo for 5 months only.



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 23


Gazette.govt.nz — PDF NZ Gazette 2005, No 23




✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for Unison Networks - Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Operating revenue, Operating expenditure, Depreciation, Amortisation, Corporate administration