New Zealand Gazette – 2013 – No. 155

Page 4332

✨ Financial Statements

4332 NEW ZEALAND GAZETTE, No. 155 25 NOVEMBER 2013

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

2. Operating revenue

| | LINES BUSINESS |
|-------------------------------------|---------------|---------------|
| | 2013 | 2012 |
| | $M | $M |

Transmission revenue
HVAC interconnection | 579.9 | 512.7
HVAC connection | 127.3 | 121.0
EV (rebate) charge - HVAC | (25.6) | (40.8)
HVDC | 110.5 | 78.9
EV (rebate) charge - HVDC | 26.7 | 16.8
Customer investment contracts | 27.7 | 26.2
Other transmission | 14.2 | 10.4
Total transmission revenue | 860.7 | 725.2

Non transmission revenue
Insurance claim revenue | 3.0 | 3.5

Total operating revenue | 863.7 | 728.7

Transmission revenue

Transmission revenue consists of charges for the transmission of electricity from the point of generation to the point of supply, being high voltage alternating current (HVAC) interconnection, connection and high voltage direct current (HVDC).

The Lines Business operates its revenue setting methodology within an Economic Value ("EV") framework that analyses economic gains and losses between those attributable to shareholders and those attributable to customers. The balance of the accumulated gain (loss) from regulated transmission activities attributable to customers ("the EV balance") is passed on to or claimed from customers over time as EV (rebates) or charges.

Customer investment contracts are contracts entered into with customers to build grid connection assets.

Electricity regulations additional disclosures:

| | LINES BUSINESS |
|-------------------------------------------------------|---------------|---------------|
| | 2013 | 2012 |
| | $M | $M |

Revenue provided to Lines Business from other Transpower businesses | - | -
Revenue - electricity loss rental rebates | 109.0 | -
Expense - electricity loss rental rebates | (109.0) | (100.2)
Electricity loss rental rebates not passed through to customers | - | -

Gazette.govt.nz — NZ Gazette 2013, No 155

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Statement of Accounting Policies (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsAccounting Policies, Financial Statements, Cash Flow, NZ IFRS 9, NZ IFRS 10, NZ IFRS 11, NZ IFRS 12, NZ IFRS 13, Revenue Recognition

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