New Zealand Gazette – 2006 – No. 135

Page 3901

✨ Financial Statements Notes

14 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 135
3901

WEL NETWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2006

1 Operating Revenue

Revenue from Other                      -          -
Line access charges                  63,381     57,938
Discount                          (18,600)   (14,100)
AC Rental Rebates                    2,521      1,234
Interest                             837      1,051
Revenue from other business            -          -
Other operating revenue            3,076          -
------------------------------------------
Total Operating Revenue           51,215     46,123

2 Operating Expenditure

Transmission charges               12,950     11,755
Transfer payments to Other business for:
    Asset Maintenance               4,920      3,813
    Disconnections/Reconnection services   -          -
    Meter data                        -          -
    Consumer based load control services   -          -
    Royalty & patent expenses           -          -
    Other goods/services                -          -
------------------------------------------
    Total transfer payment to Other business  4,920      3,813

Expenses to entities that are not related parties for:
    Asset Maintenance                 -          -
    Disconnections/Reconnection services   -          -
    Meter data                        -          -
    Consumer based load control services   -          -
    Royalty & patent expenses           -          -
    Other goods/services                -          -
------------------------------------------
    Total of specified expenses to non-related parties  -          -

Employee salaries, wages and redundancies  3,692      3,555
Customer billing & Information System expense  -          -
Depreciation on:
    System fixed assets               6,222      5,690
    Other assets                      999        748
------------------------------------------
    Total depreciation              7,221      6,438

Amortisation of:
    Goodwill                          -          -
    Other Intangibles                 -          -
------------------------------------------
    Total amortisation of intangibles   -          -

Corporate & administration           642        467
Human resource expenses              318        248
Marketing/advertising                132        245
Merger and acquisition expenses        -          -
Takeover defence expenses              -          -
Research & development expenses        -          -
Consultancy & legal expenses         456        911

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