✨ Operating Expenditure Financial Statement
17 JANUARY 2005
NEW ZEALAND GAZETTE, No. 8
177
Operating expenditure
12
(a) Payment for transmission charges:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 1,759 | 1,797 |
(b) Transfer payments to the "Other" business for-
(i) Asset maintenance
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(ii) Consumer disconnection/reconnection services:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(iii) Meter data:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(iv) Consumer-based load control services:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(v) Royalty and patent expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(vi) Avoided transmission charges on account of own generation:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(vii) Other goods and services not listed in (i) to (vi):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(viii) Total transfer payment to the "Other" business (sum of (i) to (vii)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(c) Expense to entities that are not related parties for-
(i) Asset maintenance:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 348 | 520 |
(ii) Consumer disconnection/reconnection services:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(iii) Meter data:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(iv) Consumer-based load control services:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(v) Royalty and patent expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
Total of specified expenses to non-related parties (sum of (i) to (v)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 348 | 580 |
(d) Employee salaries, wages, and redundancies:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 281 | 268 |
(e) Consumer billing and information system expense:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(f) Depreciation on:
(i) System fixed assets:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 566 | 552 |
(ii) Other assets not listed in (i):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 25 | 23 |
Total depreciation (sum of (i) and (ii)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 591 | 575 |
(g) Amortisation of:
(i) Goodwill:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(ii) Other intangibles:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
Total amortisation of intangibles (sum of (i) and (ii)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(h) Corporate and administration:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 571 | 424 |
Human resource expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(i) Marketing / advertising:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(j) Merger and acquisition expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(k) Takeover defence expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(l) Research and development expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(m) Consultancy and legal expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 134 | 85 |
(n) Donations:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(o) Directors' fees:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 52 | 52 |
(q) Auditors' fees:
(i) Audit fees paid to principal auditors:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 13 | 13 |
(ii) Audit fees paid to other auditors:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(iii) Fees paid for other services provided by principal and other auditors:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 4 | 4 |
Total auditors' fees (sum of (i) to (iii)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 17 | 17 |
(r) Costs of offering credit:
(i) Bad debts written off:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(ii) Increase in estimated doubtful debts:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
Total cost of offering credit (sum of (i) to (ii)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(s) Local authority rates expense:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 9 | 9 |
(t) AC loss-rentals (distribution to retailers/customers) expense:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(u) Rebates to consumers due to ownership interest:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(v) Subvention payments:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(w) Unusual expenses:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(x) Other expenditure not listed in (a) to (w):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
13 Total operating expenditure (sum of 12(a) to 12(x)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 3,762 | 3,785 |
14 Operating surplus before interest and income tax (11(f)-13):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 3,146 | 3,122 |
15 Interest expense
(a) Interest expense on borrowings:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 86 | 65 |
(b) Financing charges related to finance leases:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(c) Other interest expense not listed in (a) or (b):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 0 | 0 |
(d) Total interest expense (sum of (a) to (c)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 86 | 65 |
16 Operating surplus before income tax (14-15(d)):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 3,060 | 3,057 |
17 Income tax:
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 860 | 1,180 |
18 Net surplus after tax (16-17):
| 2004 ($'000) | 2003 ($'000) | |
|---|---|---|
| 2,200 | 1,877 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 8
Gazette.govt.nz —
NZ Gazette 2005, No 8
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Schedule 1, Part 2 Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial statements, Operating expenditure, Revenue, Assets, Liabilities, Equity