New Zealand Gazette – 2008 – No. 55

Page 1551

✨ Financial Statements

Eastland Network Limited – Electricity Lines Business

Notes to the financial statements (continued)

For the year ended 31 March 2007

| | 2007
($'000) | 2006
($'000) |
|----------------|---------------|---------------|
| 2 Operating revenue |
| (a) Revenue from line/access charges: | 24,488 | 22,914 |
| (b) Revenue from "Other" business for services carried out by the line business (transfer payment) | 91 | 98 |
| (c) Interest on cash, bank balances and short term investments: | 38 | 88 |
| (d) AC loss-rental rebates: | 1,048 | 1,290 |
| (e) Other revenue not listed in (a) to (d): | 519 | 1,117 |
| (f) Total operating revenue | 26,184 | 25,507 |

3 Operating expenses

| | 2007
($'000) | 2006
($'000) |
|----------------|---------------|---------------|
| (a) Payment for transmission charges | 6,059 | 5,046 |
| (b) Transfer payments to the "Other" business for: |
| (i) Asset maintenance: | - | - |
| (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 | 1,262 | 1,293 |
| (vii) Other goods and services not listed in (i) to (vi) above | - | - |
| Total transfer payment to the "Other" business | 1,262 | 1,293 |

| Expense to entities that are not related parties for: | |
| (c) (i) Asset maintenance: | 2,018 | 1,891 |
| (ii) Consumer disconnection/reconnection services | - | - |
| (iii) Meter data | - | - |
| (iv) Consumer-based load control services | - | - |
| (v) Royalty and patent expenses | - | - |
| Total of specified expenses to non-related parties (sum of (i) to (v)) | 2,018 | 1,891 |

| (d) Employee salaries, wages and redundancies | 1,704 | 922 |
| (e) Consumer billing and information system expense | 78 | 80 |

| (f) Depreciation on: |
| (i) System fixed assets: | 3,428 | 3,268 |
| (ii) Other assets not listed in (i) | 210 | 218 |
| (iii) Total depreciation | 3,638 | 3,486 |

| (g) Amortisation of: |
| (i) Goodwill: | - | - |
| (ii) Other intangibles: | - | - |
| (iii) Total amortisation of intangibles | - | - |

VUW Te Waharoa — NZ Gazette 2008, No 55

Gazette.govt.nz — NZ Gazette 2008, No 55

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✨ LLM interpretation of page content

🏭 Eastland Network Limited – Electricity Lines Business (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Revenue, Operating Expenses, Commerce Commission, Electricity Information Disclosure Requirements

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