✨ Financial Statements
CENTRALINES LIMITED - Lines Business
Notes to the Financial Statements
For the year ended 31 March 2007
**Note 16: Electricity Information Disclosure Requirements 2004 - Requirement 6 Information to be disclosed in Financial Statements: (cont)
12 Operating expenditure
| | 2007
$000 | 2006
$000 |
|---|---|---|
| (a) Payment for transmission charges | 1,454 | 1,448 |
| (b) Transfer payments to the "Other" business for: | | |
| (i) Asset maintenance | 684 | 678 |
| (ii) Consumer disconnection/reconnection services | - | - |
| (iii) Meter data | - | - |
| (iv) Consumer-based load control services | - | - |
| (v) Royalty and patent expenses | - | - |
| (vi) Avoided transmission charges on account of own generation | - | - |
| (vii) Other goods and services not listed in (i) to (vi) above | 63 | 69 |
| (viii) Total transfer payment to the "Other" business | 747 | 747 |
| (c) Expense to entities that are not related parties for | | |
| (i) Asset maintenance | - | - |
| (ii) Consumer disconnection/reconnection services | - | - |
| (iii) Meter data | - | - |
| (iv) Consumer-based load control services | - | - |
| (v) Royalty and patent expenses | - | - |
| (vi) Total of specified expenses to non-related parties
(sum of (i) to (v)) | - | - |
| (d) Employee salaries, wages and redundancies | 167 | 156 |
| (e) Consumer billing and information system expense | - | - |
| (f) Depreciation on: | | |
| (i) System fixed assets | 1,532 | 1,501 |
| (ii) Other assets not listed in (i) | 61 | 61 |
| (iii) Total depreciation | 1,593 | 1,562 |
| (g) Amortisation of: | | |
| (i) Goodwill | - | - |
| (ii) Other intangibles | - | - |
| (iii) Total amortisation of intangibles | - | - |
| (h) Corporate and administration | 261 | 268 |
| (i) Human resource expenses | - | 1 |
| (j) Marketing/advertising | 35 | 34 |
| (k) Merger and acquisition expenses | - | - |
| (l) Takeover defense expenses | - | - |
| (m) Research and development expenses | - | - |
| (n) Consultancy and legal expenses | 40 | 15 |
| (o) Donations | - | - |
| (p) Directors' fees | 106 | 85 |
| (q) Auditors' fees | | |
| (i) Audit fees paid to principal auditors | 46 | 45 |
| (ii) Audit fees paid to other auditors | 14 | 8 |
| (iii) Fees paid for other services provided by principal and other auditors | 7 | 7 |
| (iv) Total auditors' fees | 67 | 60 |
| (r) Costs of offering credit | | |
| (i) Bad debts written off | - | - |
| (ii) Increase in estimated doubtful debts | - | - |
| (iii) Total cost of offering credit | - | - |
| (s) Local authority rates expense | - | - |
| (t) AC loss-rentals (distribution to retailers/customers) expense | - | - |
| (u) Rebates to consumers due to ownership interest | - | - |
| (v) Subvention payments | - | - |
| (w) Unusual expenses | - | - |
| (x) Other expenditure not listed in (a) to (w) | 404 | 180 |
| 13 Total operating expenditure | 4,874 | 4,556 |
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 49
Gazette.govt.nz —
NZ Gazette 2008, No 49
✨ LLM interpretation of page content
🏢
Centralines Limited Financial Position
(continued from previous page)
🏢 State Enterprises & InsuranceFinancial statement, Operating expenditure, Electricity Information Disclosure