β¨ 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 —
NZ Gazette 2005, No 3
Gazette.govt.nz —
NZ Gazette 2005, No 3
β¨ LLM interpretation of page content
π
Notes to the Financial Statements for WEL Networks Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Operating Revenue, Operating Expenditure, WEL Networks Limited