New Zealand Gazette – 2006 – No. 145

Page 4174

✨ Financial Statements

WESTPOWER LIMITED - LINES BUSINESS

| | 2006
$'000 | 2005
$'000 |
|----------------|----------------|----------------|
| 9 Equity | | |
| (a) Shareholders equity | | |
| (i) Share Capital | 30,300 | 30,300 |
| (ii) Retained Earnings | 13,917 | 10,803 |
| (iii) Reserves | 22,381 | 22,381 |
| (iv) Total Shareholders equity | 66,598 | 63,484 |
| (b) Minority interests in subsidiaries | - | - |
| (c) Total Equity | 66,598 | 63,484 |
| (d) Capital notes | - | - |
| (e) Total capital funds | 66,598 | 63,484 |

| 10 Total equity and liabilities | 80,365 | 71,061 |

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

| 11 Operating Revenue | | |
| (a) Revenue from line/access charges | 11,662 | 12,263 |
| (b) Revenue from "Other" business (transfer payment) | 75 | 53 |
| (c) Interest on cash, bank balances and short-term investments | 45 | - |
| (d) AC loss-rental rebates | 321 | 174 |
| (e) Other operating revenue not listed in (a) to (d) | 2,029 | 1,239 |
| (f) Total operating revenue | 14,130 | 13,729 |

| 12 Operating expenditure | | |
| (a) payment for transmission charges | 2,327 | 2,242 |
| (b) Transfer payments to the "Other" business for - | | |
| (i) Asset maintenance | 2,517 | 2,493 |
| (ii) Consumer disconnections and reconnections | - | - |
| (iii) Meter data | - | - |
| (iv) Consumer-based load control | - | - |
| (v) Royalty and patent expenses | - | - |
| (vi) Avoided transmission charges on account of own generation | - | - |
| (vii) Other goods & services not listed in (i) to (vi) above | 542 | 543 |
| (viii) Total transfer payment to the "Other" business | 3,059 | 3,036 |
| (c) Payments to non-related entities | - | |
| (i) Asset maintenance | 63 | 60 |
| (ii) Consumer disconnection/reconnection services | - | - |
| (iii) Meter data | - | - |
| (iv) Consumer-based load control | - | - |
| (v) Royalty and patent expenses | - | - |
| (vi) Total of specified expenses to non-related parties | 63 | 60 |
| (d) Employee salaries, wages and redundancies | - | - |
| (e) Consumer billing and information system expense | - | - |
| (f) Depreciation on | | |
| (i) System fixed assets | 2,056 | 1,882 |
| (ii) Other assets not listed in (i) | 61 | 71 |
| (iii) Total depreciation expense | 2,117 | 1,953 |
| (g) Amortisation of | | |
| (i) Goodwill | - | - |
| (ii) Other intangibles | - | - |
| (iii) Total amortisation of intangibles | - | - |