New Zealand Gazette – 2006 – No. 171

Page 4957

✨ Financial Statements



CENTRALINES LIMITED - Lines Business

Notes to the Financial Statements

For the year ended 31 March 2006

Note 16 Electricity Information Disclosure Requirements 2004: Requirement 6 Information to be disclosed in Financial Statements (cont):

2006 2005
$'000 $'000
12 Operating expenditure
(a) Payment for transmission charges 1,448 2,354
(b) Transfer payments to the "Other" business for:
(i) Asset maintenance 678 670
(ii) Consumer disconnection/reconnection services - -
(iii) Meter data - -
(iv) Consumer-based load control services - -
(v) Royalty and patent expenses - -
(vi) Avoided transmission charges on account of own generation - -
(vii) Other goods and services not listed in (i) to (vi) above 69 43
(viii) Total transfer payment to the "Other" business 747 713
(c) Expense to entities that are not related parties for:
(i) Asset maintenance - -
(ii) Consumer disconnection/reconnection services - -
(iii) Meter data - -
(iv) Consumer-based load control services - -
(v) Royalty and patent expenses - -
(vi) Total of specified expenses to non-related parties (sum of (i) to (v)) - -
(d) Employee salaries, wages and redundancies 156 152
(e) Consumer billing and information system expense - -
(f) Depreciation on:
(i) System fixed assets 1,501 1,473
(ii) Other assets not listed in (i) 61 61
(iii) Total depreciation 1,562 1,534
(g) Amortisation of:
(i) Goodwill - -
(ii) Other intangibles - -
(iii) Total amortisation of intangibles - -
(h) Corporate and administration 268 218
(i) Human resource expenses 1 1
(j) Marketing/advertising 34 25
(k) Merger and acquisition expenses - -
(l) Takeover defense expenses - -
(m) Research and development expenses - -
(n) Consultancy and legal expenses 15 33
(o) Donations - -
(p) Directors' fees 85 85
(q) Auditors' fees
(i) Audit fees paid to principal auditors 45 42
(ii) Audit fees paid to other auditors 8 20
(iii) Fees paid for other services provided by principal and other auditors 7 6
(iv) Total auditors' fees 60 68
(r) Costs of offering credit
(i) Bad debts written off - -
(ii) Increase in estimated doubtful debts - -
(iii) Total cost of offering credit - -
(s) Local authority rates expense - -
(t) AC loss-rentals (distribution to retailers/customers) expense - -
(u) Rebates to consumers due to ownership interest - 495
(v) Subvention payments - -
(w) Unusual expenses - -
(x) Other expenditure not listed in (a) to (w) 180 267

13 Total operating expenditure | 4,556 | 5,945 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 171


Gazette.govt.nz — PDF NZ Gazette 2006, No 171




✨ LLM interpretation of page content

💰 Centralines Limited Financial Position (continued from previous page)

💰 Finance & Revenue
Financial Statement, Property, Plant, Equipment, Centralines Limited, Operating Expenditure, Transmission Charges, Asset Maintenance, Depreciation, Amortisation, Corporate Administration, Marketing, Consultancy, Legal Expenses, Directors' Fees, Auditors' Fees, Bad Debts, Local Authority Rates