New Zealand Gazette – 2008 – No. 24

Page 540

✨ Financial Statements



WAIPA NETWORKS LIMITED - LINES BUSINESS

2007 $\ 2006 $\
9 Equity
(a) Shareholders' equity
(i) Share Capital 9,941,708 8,239,208
(ii) Retained Earnings 44,516,299 44,516,299
(iii) Reserves
(iv) Total Shareholders’ equity 54,458,007 52,755,507
(b) Minority interests in subsidiaries
(c) Total Equity 54,458,007 52,755,507
(d) Capital notes - -
(e) Total capital funds 54,458,007 52,755,507

10 Total equity and liabilities | 65,855,778 | 62,599,434 |

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

11 Operating revenue

2007 $\ 2006 $\
(a) Revenue from line/access charges 11,145,249 9,973,679
(b) Revenue from "Other" business (transfer payment) 7,255 -
(c) Income from interest on bank & short-term investments 7,255 15,821
(d) AC loss-rental rebates 495,361 631,331
(e) Other operating revenue not listed in (a) to (d) 1,704,000 1,120,560
(f) Total operating revenue 13,351,865 11,741,391

12 Operating expenditure

2007 $\ 2006 $\
(a) Transmission Charges 4,254,564 3,707,693
(b) Transfer payments to "Other" business
(i) Asset maintenance 1,691,709 1,689,973
(ii) Consumer disconnections and reconnections 9,560 8,533
(iii) Meter data
(iv) Consumer-based load control 49,211 46,244
(v) Royalty and patent expenses - -
(vi) Avoided transmission charges for own generation
(vii) Other goods & services not listed in (i) to (vi) above
(viii) Total transfer payment to the "Other" business 1,750,480 1,744,750
(c) Payments to non-related entities
(i) Asset maintenance 401,796 480,099
(ii) Consumer disconnections and reconnections
(iii) Meter data
(iv) Consumer-based load control
(v) Royalty and patent expenses - -
(vi) Total of specified expenses to non-related parties 401,796 480,099
(d) Employee salaries, wages and redundancies 939,463 916,867
(e) Consumer billing and information system expense 47,198 46,093
(f) Depreciation on
(i) System fixed assets 1,594,079 1,497,378
(ii) Other assets not listed in (i) 82,160 80,671
(iii) Total depreciation expense 1,676,239 1,578,049


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 24


Gazette.govt.nz — PDF NZ Gazette 2008, No 24




✨ LLM interpretation of page content

🏭 Notes to Financial Statements for Waipa Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Equity, Shareholders, Retained Earnings, Financial Performance, Operating Revenue, Operating Expenditure, Waipa Networks Limited