✨ Financial Statements
4086 NEW ZEALAND GAZETTE, No. 140 23 NOVEMBER 2012
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
4. Operating expenses
| LINES BUSINESS | 2012 $M | 2011 $M |
|---|---|---|
| Transmission charges | ||
| Transfer payments to "other Transpower businesses" | - | - |
| Transmission asset maintenance: | ||
| Disconnection/reconnection services | - | - |
| Metering data | - | 2.7 |
| Consumer-based load control services | - | - |
| Royalty and patent expenses | - | - |
| Avoided transmission charges on account of own generation | - | - |
| Other - IT support | - | - |
| Other - insurance | 11.3 | 10.2 |
| Total | 11.3 | 12.9 |
Expenses to entities that are not related parties for:
| Transmission asset maintenance: | | |
| Disconnection/reconnection services | 127.4 | 133.6 |
| Information technology costs including lease costs | 27.3 | 23.9 |
| Metering data | - | - |
| Consumer-based load control services | - | - |
| Royalty and patent expenses | - | - |
| Total | 154.7 | 157.5 |
| Employee salaries and redundancies | 43.7 | 40.0 |
| Consumer billing and information system expense | - | - |
| Corporate and administration expenses | 13.5 | 13.5 |
| Human resource expenses | 5.8 | 6.2 |
| Marketing / advertising expenses | 0.2 | 0.3 |
| Merger and acquisition expenses | - | - |
| Takeover defence expenses | - | - |
| Research and development expenses | - | - |
| Legal and consultancy expenses | 12.4 | 13.0 |
| Study grants and donations | 1.3 | 1.7 |
| Directors' fees | 0.5 | 0.5 |
| Total | 77.4 | 75.2 |
Audit fees
| Audit fees paid to principal auditors | 0.3 | 0.3 |
| Audit fees paid to other auditors | - | - |
| Fees paid for other services provided by principal and other auditors | 0.3 | 0.3 |
| Total | 0.6 | 0.6 |
Cost of offering credit
| Bad debts written off | - | - |
| Increase in estimated doubtful debts | - | - |
| Total | - | - |
| Local authority rates expense | 3.4 | 3.4 |
| AC loss-rental rebates (distributed to retailers/customers) expense | - | - |
| Rebates to consumers due to ownership interests | - | - |
| HVDC share of reserves | 17.5 | 4.7 |
| Subvention payments | - | - |
| Unusual expenses | - | - |
| Other expenses not listed - Industry related expenses | 6.7 | 7.0 |
Total operating expenses
| Total operating expenses | 271.6 | 261.3 |
Depreciation, amortisation and write-offs
| Depreciation of system assets | 148.1 | 136.8 |
| Depreciation of other assets | 0.7 | 9.1 |
| Total depreciation expense | 148.8 | 145.9 |
| Amortisation of intangibles | 8.1 | 9.0 |
| Other expenses not listed - Stock and asset write-offs | 12.1 | 12.5 |
| Total depreciation, amortisation and write-offs | 169.0 | 167.4 |
Operatings expenses including asset write-offs, depreciation and amortisation
| Total | 440.6 | 428.7 |
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NZ Gazette 2012, No 140
✨ LLM interpretation of page content
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Transpower New Zealand Limited Financial Statements
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🏭 Trade, Customs & IndustryOperating expenses, Transmission charges, Depreciation, Amortisation, Financial statements