✨ Financial Statements
HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business
NOTES TO THE FINANCIAL STATEMENTS
| Lines Business 2006 | Lines Business 2005 | |
|---|---|---|
| $000 | $000 |
2 OPERATING SURPLUS BEFORE TAXATION ITEMS
Operating revenue includes the following items:
Revenue Disclosure Items:
- Revenue from Line / Access Charges | 23,682 | 23,187 |
- Gain on Sale of Fixed Assets | 0 | 4 |
- AC Loss-rental Rebates | 335 | 203 |
- Other Operating Revenue | 838 | 287 |
Total operating revenue | 24,855 | 23,681 |
Operating expenditure comprises the following items:
- Payment for 'Transmission Charges' | 7,899 | 7,878 |
- Expenses to Non-related Entities for Asset Maintenance | 1,258 | 1,327 |
- Services / Total Specified Expenses to Non-related Parties | 214 | 89 |
- AC Loss Rental Rebates Expense | | |
- Employee Salaries, Wages and Redundancies | 1,145 | 999 |
Total Cost of Offering Credit |
- Increase in Estimated Doubtful Debts | 11 | 12 |
- Bad Debts Written Off | - | - |
Total Cost of Offering Credit | 11 | 12 |
- Directors' Fees / Remuneration | 120 | 120 |
- Rental and Operating Lease Obligations (refer note 14) | 82 | 64 |
- Depreciation on System Fixed Assets | 2,779 | 2,696 |
- Depreciation on Other Fixed Assets | 204 | 199 |
Total Depreciation | 2,983 | 2,895 |
- Local Authorities Rates Expense | 122 | 113 |
- Other Expenditure | (1,120)| 243 |
- Auditors Remuneration (Note 15) | 90 | 111 |
- Consumer Billing and Information System | 148 | 85 |
- Corporate and Administration Expenses | 405 | 397 |
- Marketing / Advertising | 5 | 23 |
- Human Resource Expenses | 80 | 203 |
- Research and Development Expenses | 18 | 18 |
- Consultancy and Legal Expenses | 533 | 410 |
Total Operating Expenditure | 13,993 | 14,987 |
- Includes the reduction in expenses of $1.43m relating to the resolution of Arbitration Proceedings as described in Note 22.
- Includes the reduction in Consultancy and Legal Expenses of $0.20m relating to the resolution of Arbitration Proceedings as described in Note 22.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 151
Gazette.govt.nz —
NZ Gazette 2006, No 151
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Notes to the Financial Statements for Horizon Energy Distribution Limited
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