✨ Financial Statements




14 JANUARY 2005 NEW ZEALAND GAZETTE, No. 3 67

WEL NETWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2004

| | Line Business |
| | 2004 | 2003 |
| | ($000s) | ($000s)|

1 Operating Revenue

Revenue from Other

  • Line access charges | 42,566 | 47,202 |
  • Interest | 681 | 114 |
  • AC Rental Rebates | 1,728 | 1,641 |
  • Revenue from other business | - | - |
  • Other operating revenue | - | - |

Total Operating Income | 44,975 | 48,957 |

Deducted from Line access charges is $11.4M discount (2003 $7.5M)

2 Operating Expenditure

  • Transmission charges | 10,615 | 10,762 |
  • Transfer payments to Other business for:
    • Asset Maintenance | 2,958 | 3,993 |
    • Disconnections/Reconnection | - | - |
    • Meter data | - | - |
    • Consumer based load control | - | - |
    • Avoided transmission (own generation) | - | - |
    • Royalties & patents | - | - |
    • Other goods/services | - | - |
      Total | 2,958 | 3,993 |

Expenses to entities that are not related parties for:

  • Asset Maintenance | - | - |

  • Disconnections/Reconnection | - | - |

  • Meter data | - | - |

  • Consumer based load control | - | - |

  • Royalties & patents | - | - |

  • Other goods/services | - | - |
    Total | - | - |

  • Employee salaries and redundancies | 3,768 | 3,293 |

  • Customer billing & Information System expense | - | - |

Depreciation on:

  • Distribution system | 5,351 | 5,235 |
  • Other assets | 892 | 996 |
    Total | 6,243 | 6,231 |

Amortisation of:

  • Goodwill | - | - |

  • Other Intangibles | - | - |
    Total | - | - |

  • Corporate & administration | 199 | 155 |

  • Human resource expenses | 239 | 206 |

  • Marketing & advertising | 266 | 276 |

  • Merger and acquisition | 2 | 1,300 |

  • Takeover defence | - | - |

  • Research & development | 1 | 10 |

  • Consultancy & legal | 1,140 | 660 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 3


Gazette.govt.nz PDF NZ Gazette 2005, No 3





✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for WEL Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Operating Expenditure, WEL Networks Limited