New Zealand Gazette – 2006 – No. 155

Page 4520

✨ Financial Statements



4520

NEW ZEALAND GAZETTE, No. 155

28 NOVEMBER 2006

Vector Limited

Electricity Lines Business

Notes to the Financial Statements

For the year ended 31 March 2006

  1. SEGMENT INFORMATION

The electricity lines business operates within the electricity distribution sector. All operations are carried out within New Zealand.

  1. OPERATING REVENUE
2006 $000 2005 $000
Revenue from line/access charges 534,453 515,028
Revenue from "other" business for services carried out by the line business (transfer payment) - -
Interest on cash, bank balances and short-term investments 94 1,254
AC loss-rental rebates 22,353 9,856
Other operating revenue 31,506 31,318
Gain on sale of property, plant and equipment 110 1,192
Total operating revenue 588,516 558,648
  1. OPERATING EXPENDITURE
2006 $000 2005 $000
Depreciation
System fixed assets 60,165 58,011
Other assets 4,409 4,428
Total depreciation 64,574 62,439
Amortisation
Goodwill 30,244 30,320
Other intangibles - -
Total amortisation of intangibles 30,244 30,320
Expense to entities that are not related parties
Asset maintenance 63,723 53,350
Consumer disconnection/reconnection services 9 4
Consumer-based load control services - -
Royalty and patent expense - -
Total of specified expenses to non-related parties 63,732 53,354
Cost of offering credit
Bad debts written off 103 557
Decrease in estimated doubtful debts (549) (1,158)
Total cost of offering credit (446) (601)


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 155


Gazette.govt.nz — PDF NZ Gazette 2006, No 155




✨ LLM interpretation of page content

🏭 Vector Limited Financial Statements for the Electricity Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
28 November 2006
Vector Limited, Financial Statements, Electricity Lines Business, Revenue, Expenditure, Depreciation, Amortisation