New Zealand Gazette – 2006 – No. 155

Page 4521

✨ Financial Statements



Vector Limited

Electricity Lines Business

Notes to the Financial Statements

For the year ended 31 March 2006

  1. OPERATING EXPENDITURE (continued)
2006 2005
$000 $000
Auditors’ fees
Audit fees paid to principal auditors 346 354
Audit fees paid to other auditors 43 -
Fees paid for other services provided by principal and other auditors 207 257
Total auditors’ fees 596 611
Payment for transmission charges 127,402 127,684
Employee salaries, wages and redundancies 20,956 22,366
Consumer billing and information system expense 3,248 2,132
Loss on sale of property, plant and equipment - 4,675
Corporate and administration 8,639 8,279
Human resource expenses 1,937 1,897
Marketing / advertising 3,221 3,882
Merger and acquisition expenses - -
Takeover defence expenses - -
Research and development expenses - -
Consultancy and legal expenses 4,154 4,479
Donations 22 -
Directors’ fees 718 628
Local authority rates expense 5,054 4,696
AC loss – rental rebates (distribution to retailers/customers) expense 22,353 9,856
Rebates to consumers due to ownership interest - -
Subvention payments - -
Unusual expenses - -
Rental expense on operating leases 2,074 1,736
Other expenditure 2,172 4,441
Total operating expenditure 360,650 342,884

Transfer payments to the "other" business

2006 2005
$000 $000
Asset maintenance - -
Consumer disconnection/reconnection services - -
Meter data - -
Consumer-based load control services - -
Royalty and patent expenses - -
Avoided transmission charges on account of own generation - -
Other goods and services - -
Total transfer payment to the "other" business - -


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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, Operating Expenditure, Auditors' Fees, Transmission Charges, Employee Salaries, Billing System, Corporate Administration, Marketing, Legal Expenses, Directors' Fees, Rental Expenses