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New Zealand Gazette – 2008 – No. 29

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✨ Financial Statements

WEL NETWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2007

| Line Business | 2007
($000s) | 2006
($000s) |
|--------------|-------------|-------------|

1 Operating Revenue

Revenue from Other
Line access charges | 68,248 | 63,381 |
Discount | (19,750) | (18,600) |
AC Rental Rebates | 1,366 | 2,521 |
Interest | 513 | 837 |
Revenue from other business | - | -
Other operating revenue | 4,826 | 3,076 |

Total Operating Revenue | 55,203 | 51,215 |

2 Operating Expenditure

Transmission charges | 15,032 | 12,950 |
Transfer payments to Other business for:
Asset Maintenance | 5,862 | 4,920 |
Disconnections/Reconnection services | - | -
Meter data | - | -
Consumer based load control services | - | -
Avoided transmission (own generation) | - | -
Royalty & patent expenses | - | -
Other goods/services | - | -

Total transfer payment to Other business | 5,862 | 4,920 |

Expenses to entities that are not related parties for:
Asset Maintenance | - | -
Disconnections/Reconnection services | - | -
Meter data | - | -
Consumer based load control services | - | -
Royalty & patent expenses | - | -
Other goods/services | - | -

Total of specified expenses to non-related parties | - | - |

Employee salaries, wages and redundancies | 2,911 | 2,747 |
Customer billing & Information System expense | - | -
Depreciation on:
System fixed assets | 6,938 | 6,222 |
Other assets | 1,625 | 999 |

Total depreciation | 8,563 | 7,221 |

Amortisation of:
Goodwill | - | -
Other Intangibles | - | -

Total amortisation of intangibles | - | - |

Corporate & administration | 682 | 642 |
Human resource expenses | 541 | 318 |
Marketing/advertising | 175 | 132 |
Merger and acquisition expenses | - | -
Takeover defence expenses | - | -
Research & development expenses | - | -
Consultancy & legal expenses | 536 | 456 |

VUW Te Waharoa — NZ Gazette 2008, No 29

Gazette.govt.nz — NZ Gazette 2008, No 29

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Financial Performance and Equity Movements of WEL Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Operating revenue, Operating expenditure, Asset maintenance, Depreciation, WEL Networks Limited

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