New Zealand Gazette – 2008 – No. 56

Page 1588

✨ Financial Statements



THE LINES COMPANY LIMITED - LINES BUSINESS ACTIVITY

2007

$000's

2006

$000's

9 Equity

(a) Shareholders' equity

(i) Share capital 6,021 6,021

(ii) Retained earnings 12,654 11,982

(iii) Reserves 42,484 42,484

(iv) Total shareholders' equity 61,159 60,489

(b) Minority interests in subsidiaries - -

(c) Total equity 61,159 60,489

(d) Capital notes - -

(e) Total capital funds 61,159 60,489

10 Total equity and liabilities

                           105,165      101,401

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

NOTE 3 : OPERATING REVENUE

11 Operating revenue

(a) Revenue from line/access charges 21,372 20,846

(b) Revenue from 'other' business (transfer payment) - 19

(c) Income from interest on bank & short term investments 17 -

(d) AC loss-rental rebates 388 510

(e) Other operating revenue not listed in (a) to (d) - -

(f) Total operating revenue 21,776 21,376

NOTE 4 : OPERATING EXPENDITURE

12 Operating expenditure

(a) Transmission costs 4,104 4,083

(b) Transfer payments to the "other" business for:

(i) Asset maintenance services 1,430 1,492

(ii) Disconnection/reconnection services 22 24

(iii) Meter data - -

(iv) Consumer based load control 9 -

(v) Royalty and patent expenses - -

(vi) Avoided transmission charges - -

(vii) Other - -

(viii) Total transfer payments to the "other" business 1,461 1,517

(c) Expenses to entities that are non-related parties for:

(i) Asset maintenance services 1,093 1,105

(ii) Disconnection/reconnection services - -

(iii) Meter data 17 20

(iv) Consumer based load control 11 33

(v) Avoided transmission charges - -

(vi) Royalty and patent expenses - -

(vii) Total of specified expenses to non-related entities 1,104 1,139

(d) Employee salaries/redundancies 1,540 1,584

(e) Consumer billing and information system 45 81

(f) Depreciation on:

(i) System fixed assets 4,191 4,011

(ii) Other assets not listed in (f) 146 165

(iii) Total depreciation 4,336 4,176



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 56


Gazette.govt.nz — PDF NZ Gazette 2008, No 56




✨ LLM interpretation of page content

💰 Notes to the Financial Statements for The Lines Company Limited (continued from previous page)

💰 Finance & Revenue
Financial Statements, Accounting Policies, Goods & Services Tax, Taxation, Income Tax, Deferred Tax, Cash Flows, Operating Activities, Investing Activities, Financing Activities, Comparative Figures