✨ Financial Statements
25 JANUARY 2005 NEW ZEALAND GAZETTE, No. 27
Vector Limited
Electricity Lines Business
Notes to the Financial Statements
For the year ended 31 March 2004
| 2004 | 2003 | |
|---|---|---|
| $'000 | $'000 |
2. OPERATING EXPENDITURE - CONTINUED
Payment for transmission charges | 113,770 | 80,749 |
Avoided transmission charges on account of embedded generation | 3,099 | 3,442 |
Employee salaries, wages and redundancies | 19,018 | 17,562 |
Consumer billing and information system expense | 3,288 | 1,576 |
Net loss on sale of property, plant and equipment | 2,766 | 221 |
Corporate and administration | 8,812 | 5,995 |
Human resource expenses | 1,843 | 365 |
Directors’ fees | 423 | 252 |
Marketing / advertising | 3,550 | 1,425 |
Consultancy and legal expenses | 5,492 | 4,405 |
Rental expense on operating leases | 1,654 | 1,200 |
Donations | 10 | 10 |
AC loss – rental rebates (distribution to retailers/customers) expense | 14,307 | 11,567 |
Local authority rates expense | 4,640 | 3,297 |
Other expenditure | 6,561 | 22,091 |
Total operating expenditure | 327,574 | 250,252 |
3. INTEREST EXPENSE
Interest expense
Interest expense on borrowings | 108,034 | 68,206 |
Total interest expense | 108,034 | 68,206 |
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 27
Gazette.govt.nz —
NZ Gazette 2005, No 27
✨ LLM interpretation of page content
🏭
Statement of Accounting Policies for Vector Limited – Electricity Lines Business
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Operating Expenditure, Interest Expense, Vector Limited, Electricity Lines Business