New Zealand Gazette – 2008 – No. 27

Page 590

✨ Financial Statements



MARLBOROUGH LINES LIMITED - LINES BUSINESS

Financial Statements Prepared in Accord with The Electricity Information Disclosure Requirements 2004

STATEMENT OF FINANCIAL PERFORMANCE

For the Year Ended 31 March 2007

Note 2007
$000
2006
$000

Operating Revenue

  • Revenue from line/access charges: 21,955 | 21,465

  • Revenue from "Other" business for services carried out by the line business (transfer payment): – | –

  • Interest on cash, bank balances and short term investments: 226 | 367

  • AC loss-rental rebates: 471 | 597

  • Other operating revenue: 2 | 8

    Total Operating Revenue: 26,058 | 26,437

Operating Expenditure

  • Payment for transmission charges: 3,559 | 3,392

  • Transfer payments to the "Other" business for:

    • Asset maintenance: 2,311 | 1,406
    • Consumer disconnection/reconnection services: – | –
    • Meter data: – | –
    • Consumer-based load control services: 84 | 12
    • Royalty and patent expenses: – | –
    • Avoided transmission charges on account of own generation: – | –
    • Other goods and services: 704 | 474

    Total transfer payment to the "Other" business: 3,099 | 1,892

  • Expense to entities that are not related parties:

    • Asset maintenance: 855 | 495
    • Consumer disconnection/reconnection services: – | –
    • Meter data: – | –
    • Consumer-based load control services: – | –
    • Royalty and patent expenses: – | –

    Total of specified expenses to non-related parties: 855 | 495

  • Employee salaries, wages and redundancies: 2,418 | 2,224

  • Consumer billing and information system expense: 199 | 280

  • Depreciation on:

    • System fixed assets: 4,666 | 4,025
    • Other assets: 754 | 1,020

    Total depreciation: 5,420 | 5,045

  • Amortisation of:

    • Goodwill: – | –
    • Other intangibles: – | –

    Total amortisation of intangibles: – | –

  • Corporate and administration: 885 | 722

  • Human resource expenses: 691 | 514

  • Marketing/advertising: 11 | 42

  • Merger and acquisition expenses: – | –

  • Takeover defence expenses: – | –

  • Research and development expenses: – | –

  • Consultancy and legal expenses: 63 | 87

  • Donations: 24 | 26

  • Directors' fees: 183 | 181

The accompanying notes form an integral part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 27


Gazette.govt.nz — PDF NZ Gazette 2008, No 27




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Operating Expenditure, Electricity Information Disclosure Requirements 2004