✨ Financial Statements
VECTOR LIMITED
ELECTRICITY LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2007
1. OPERATING REVENUE
| 2007 | 2006 | |
|---|---|---|
| $'000 | $'000 | |
| Revenue from line/access charges | 581,685 | 534,453 |
| Revenue from "other" business for services carried out by the line business (transfer payment) | - | - |
| Interest on cash, bank balances and short-term investments | 103 | 94 |
| AC loss-rental rebates | 19,201 | 22,353 |
| Other operating revenue | 30,885 | 31,506 |
| Gain on sale of property, plant and equipment | 160 | 110 |
| Total operating revenue | 632,034 | 588,516 |
2. OPERATING EXPENDITURE
| 2007 | 2006 | |
|---|---|---|
| $'000 | $'000 |
Depreciation
| System fixed assets | 78,219 | 60,165 |
| Other assets | 3,038 | 4,409 |
| Total depreciation | 81,257 | 64,574 |
Amortisation
| Goodwill | 30,244 | 30,244 |
| Other intangibles | - | - |
| Total amortisation of intangibles | 30,244 | 30,244 |
Expense to entities that are not related parties
| Asset maintenance | 63,976 | 63,723 |
| Consumer disconnection/reconnection services | - | - |
| Meter data | 1 | 9 |
| Consumer-based load control services | - | - |
| Royalty and patent expenses | - | - |
| Total of specified expenses to non-related parties | 63,977 | 63,732 |
Cost of offering credit
| Bad debts written off | - | 103 |
| Decrease in estimated doubtful debts | - | (549) |
| Total cost of offering credit | - | (446) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 39
Gazette.govt.nz —
NZ Gazette 2008, No 39
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Certification of Financial Statements and Performance Measures for Vector Limited
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