✨ Financial Statements




26 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 37

847

Counties Power Limited – Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2007

2. OPERATING REVENUE

2007 2006
$000 $000
Revenue from lines/access charges 31,012 27,890
Revenue from "Other" Business for services carried out by the lines business - -
Interest on cash, bank balances and short-term investments - 50
AC loss-rental rebates 883 1,128
Other operating revenue 1,727 1,595

Total Operating Revenue | 33,622 | 30,663 |

3. OPERATING EXPENDITURE

2007 2006
$000 $000
Transmission charges 5,844 5,343

Transfer payments to the "Other" business for -
| Asset maintenance | 1,565 | 1,598 |
| 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 provided by "Other" business | - | - |

Total transfer payment to the "Other" business | 1,565 | 1,598 |

Expense to entities that are not related parties for -
| Asset maintenance | 1,171 | 806 |
| Consumer disconnection/reconnection services | 55 | 69 |
| Meter data | - | - |
| Consumer based load control services | - | - |
| Royalty and patent expenses | - | - |

Total of specified expenses to non-related parties | 1,226 | 875 |

| Employee salaries, wages and redundancies | 2,401 | 2,079 |
| Consumer billing and information system expense | - | - |

Depreciation on -
| System fixed assets | 4,148 | 3,796 |
| Other assets not listed | 712 | 644 |

Total depreciation | 4,860 | 4,440 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2008, No 37


Gazette.govt.nz PDF NZ Gazette 2008, No 37





✨ LLM interpretation of page content

πŸ’° Statement of Accounting Policies for Counties Power Limited – Lines Business (continued from previous page)

πŸ’° Finance & Revenue
26 February 2008
Operating Revenue, Operating Expenditure, Transmission Charges, Depreciation, Financial Statements