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New Zealand Gazette – 2008 – No. 39

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✨ Financial Statements

VECTOR LIMITED

ELECTRICITY LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2007

OPERATING EXPENDITURE (continued)

	2007	2006
	$000	$000
Auditors' fees
Audit fees paid to principal auditors	353	346
Audit fees paid to other auditors	-	43
Fees paid for other services provided by principal and other auditors	272	207
Total auditors' fees	625	596
Payment for transmission charges	136,438	127,402
Employees salaries, wages and redundancies	20,003	20,956
Consumer billing and information system expense	4,437	3,248
Loss on sale of property, plant and equipment	9,278	-
Corporate and administration	10,673	8,639
Human resource expenses	1,846	1,937
Marketing / advertising	3,258	3,221
Merger and acquisition expenses	-	-
Takeover defence expenses	-	-
Research and development expenses	-	-
Consultancy and legal expenses	9,293	4,154
Donations	4	22
Directors' fees	507	718
Local authority rates expense	4,900	5,054
AC loss – rental rebates (distribution to retailers/customers) expense	19,201	22,353
Rebates to consumers due to ownership interest	-	-
Subvention payments	-	-
Unusual expenses	-	-
Rental expense on operating leases	1,482	2,074
Other expenditure	4,565	2,172
Total operating expenditure	401,988	360,650

Transfer payments to the "other" business for

	2007	2006
	$000	$000
Asset maintenance	-	-
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	-	-
Total transfer payment to the "other" business	-	-

VUW Te Waharoa — NZ Gazette 2008, No 39

Gazette.govt.nz — NZ Gazette 2008, No 39

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

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Vector Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Expenditure, Auditors' Fees, Transmission Charges, Vector Limited

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