New Zealand Gazette – 2008 – No. 47

Page 1352

✨ Financial Statements



1352 NEW ZEALAND GAZETTE, No. 47 3 MARCH 2008

ALPINE ENERGY LIMITED LINES BUSINESS

Notes to and Forming Part of the Financial Statements - Continued

For the Year Ended 31 March 2007

Associated Entity: NetCon Limited (excl GST)

NetCon is 50% owned by Alpine Energy Limited and provided asset maintenance and construction services for the network from 1 April 2006 to 31 March 2007. Services were charged on both a fixed price basis or ‘time and materials’ basis.

During the period, this charge totalled $10,818,355 (2006 $8,540,876). The outstanding amount as at 31 March 2007 was $552,123 (2006 $777,165) payable on normal commercial terms.

No debts were written off or forgiven and no transactions took place at nil or nominal value.

During the period capital construction transactions totalled the following:

2007 $ 2006 $
Asset Construction:
Subtransmission assets 0 0
Zone Substations 970,883 725,760
Distribution Lines 4,854,414 3,575,120
Medium Voltage Switchgear 0 0
Distribution Transformers 882,621 631,594
Distribution Substations 176,524 138,240
Low Voltage lines 1,941,765 1,760,880
Other System Fixed Assets (as per the ODV Handbook) 0 0

| Maintenance of Assets | 1,358,203 | 1,428,599 |
| Customer Connections and Disconnections | 0 | 0 |
| Other Goods and Services | 633,945 | 280,683 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 47


Gazette.govt.nz — PDF NZ Gazette 2008, No 47




✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for Alpine Energy Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2007
Financial statements, Credit risk, Interest rate risk, Currency risk, Operating surplus, Cash flows, Related party transactions, Associated entity, Asset maintenance, Construction services