New Zealand Gazette – 2006 – No. 152

Page 4424

✨ Financial Statements

Scanpower Limited

Notes to the Financial Statements (Continued)

For the Year Ended 31 March 2006

| | 2006
$'000 | 2005
$'000 |
|----------------|-------------:|------------:|
| 9 Equity | | |
| a Shareholders' equity | | |
| (i) Share capital | 7,500 | 7,500 |
| (ii) Retained earnings | (1,112) | (1,929) |
| (iii) Reserves | 13,761 | 13,851 |
| (iv) Total shareholders' equity | 20,149 | 19,422 |
| b Minority interests in subsidiaries | 0 | 0 |
| c Total equity | 20,149 | 19,422 |
| d Capital notes | 0 | 0 |
| e Total capital funds | 20,149 | 19,422 |

| 10 Total equity and liabilities | 23,204 | 21,841 |

| 11 Operating revenue | | |
| a Revenue from line/access charges | 5,856 | 5,832 |
| b Revenue from "Other" business for services carried out by the line business (transfer payment) | 0 | 0 |
| c Interest on cash, bank balances and short term investments | 184 | 204 |
| d AC loss-rental rebates | 146 | 98 |
| e Other revenue not listed in (a) to (d) | 250 | 0 |
| f Total operating revenue | 6,436 | 6,134 |

| 12 Operating expenditure | | |
| a Payment for transmission charges | 1,206 | 1,762 |
| b Transfer payments to the "Other" business for: | | |
| (i) Asset maintenance | 604 | 462 |
| (ii) Consumer disconnection/reconnection services | 0 | 0 |
| (iii) Meter data | 0 | 0 |
| (iv) Consumer-based load control services | 0 | 0 |
| (v) Royalty and patent expenses | 0 | 0 |
| (vi) Avoided transmission charges on account of own generation | 0 | 0 |
| (vii) Other goods and services not listed in (i) to (vi) above | 17 | 17 |
| (viii) Total transfer payment to the "Other" business | 621 | 479 |
| c Expense to entities that are not related parties for: | | |
| (i) Asset maintenance | 0 | 0 |
| (ii) Consumer disconnection/reconnection services | 0 | 0 |
| (iii) Meter data | 7 | 7 |
| (iv) Consumer-based load control services | 0 | 0 |
| (v) Royalty and patent expenses | 0 | 0 |