✨ Financial Statements
642 NEW ZEALAND GAZETTE, No. 27 25 JANUARY 2005
Vector Limited
Electricity Lines Business
Notes to the Financial Statements
For the year ended 31 March 2004
| 2004 $\'000 | 2003 $\'000 |
|---|
1. OPERATING REVENUE
Revenue from line/access charges | 476,952 | 338,927 |
Interest on cash, bank balances and short-term investments | 411 | 11,495 |
Other operating revenue | 37,465 | 18,568 |
AC loss-rental rebates | 14,307 | 11,567 |
Gain on sale of property, plant and equipment | 247 | 1,034 |
Total operating revenue | 529,382 | 381,591 |
2. OPERATING EXPENDITURE
Depreciation
System fixed assets | 60,257 | 40,737 |
Other assets | 5,759 | 7,005 |
Total depreciation | 66,016 | 47,742 |
Amortisation
Goodwill | 29,975 | 15,730 |
Total amortisation of intangibles | 29,975 | 15,730 |
Expense to entities that are not related parties
Asset maintenance | 41,145 | 32,225 |
Meter data | 4 | 32 |
Total of specified expenses to non-related parties| 41,149 | 32,257 |
Cost of offering credit
Bad debts written off | 52 | 256 |
Increase / (decrease) in estimated doubtful debts | 538 | (136) |
Total cost of offering credit | 590 | 120 |
Auditors’ fees
Audit fees paid to principal auditors - KPMG | 217 | - |
Audit fees paid to principal auditors - PwC | - | 120 |
Fees paid for other services provided by principal and other auditors | 394 | 126 |
Total auditors’ fees | 611 | 246 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 27
Gazette.govt.nz —
NZ Gazette 2005, No 27
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Statement of Accounting Policies for Vector Limited – Electricity Lines Business
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