New Zealand Gazette – 2006 – No. 140

Page 4060

✨ Financial Statements Continuation



4060

NEW ZEALAND GAZETTE, No. 140

17 NOVEMBER 2006

Alpine Energy Limited Lines Business

Notes to and Forming Part of the Financial Statements - Continued

For the Year Ending 31 March 2006

Associated Entity: NetCon Limited (excl GST)

NetCon is wholly owned by Networks South Limited and provided asset maintenance and construction services for the network from 1 April 2004 to 31 March 2006. Services were charged on both a fixed price basis or ‘time and materials’ basis.

During the period, this charge totalled $8,540,876 (2005 $5,231,436). The outstanding amount as at 31 March 2006 was $777,165 (2005 $860,476) payable on normal commercial terms.

No debts were written off or forgiven and no transactions took place at nil or nominal value.

During the period capital construction transactions totalled the following:

2006 2005
$ $
Asset Construction:
Subtransmission assets 0 0
Zone Substations 725,760 385,089
Distribution Lines 3,575,120 1,826,500
Medium Voltage Switchgear 0 0
Distribution Transformers 631,594 42,787
Distribution Substations 138,240 72,790
Low Voltage lines 1,760,880 897,958
Other System Fixed Assets (as per the ODV Handbook) 0 0

| Maintenance of Assets | 1,428,599 | 1,848,334 |
| Customer Connections and Disconnections | 0 | 0 |
| Other Goods and Services | 280,683 | 157,978 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 140


Gazette.govt.nz — PDF NZ Gazette 2006, No 140




✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements for Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Electricity Information Disclosure Requirements, Alpine Energy Limited, Lines Business, Associated Entity, NetCon Limited