| | | |
| Item |
| Statement of Financial Position |
| |
| 1 | Current Assets |
| | (a) | Cash and bank balances |
| | (b) | Other investments |
| | (c) | Inventories |
| | (d) | Accounts receivable |
| | (e) | Other current assets not listed in (a) to (d) |
| | (f) | Total current assets (sum of (a) to (e)) |
| 2 | Property, plant and equipment |
| | (a) | High pressure system pipelines (>2000kPA) |
| | (b) | Low and medium system pipelines (_2000kPA) |
| | (c) | Mixing, compressor, valve and gate stations |
| | (d) | System monitoring equipment |
| | (e) | Distribution regulator stations10 |
| | (f) | Service connection assets |
| | (g) | Consumer regulator stations |
| | (h) | Gas measurement systems (including filters, regulators and over pressure protection) excluding customer meters (corrector, time of use equipment, telemetry equipment and transducers)11 |
| | (i) | Asset information management system assets (eg AM/FM) |
| | (j) | Motor vehicles |
| | (k) | Machinery equipment |
| | (l) | Office equipment |
| | (m) | Land |
| | (n) | Buildings |
| | (o) | Capital works under construction |
| | (p) | Other property, plant and equipment not listed in (a) to (o) |
| | (q) | Total property, plant and equipment (sum of (a) to (p)) |
| 3 | Other tangible assets not listed above |
| 4 | Total tangible assets (1(f) + 2(q) + 3) |
| 5 | Intangible assets (goodwill) |
| 6 | Total assets (4 + 5) |
| 7 | Current liabilities |
| | (a) | Bank overdraft |
| | (b) | Borrowings |
| | (c) | Payables and accruals |
| | (d) | Dividends payable |
| | (e) | Income tax |
| | (f) | Other current liabilities not listed in (a) to (e) |
| | (g) | Total current liabilities(sum of (a) to (f)) |
| 8 | Non-current liabilities |
| | (a) | Payables and accruals |
| | (b) | Borrowings |
| | (c) | Deferred tax |
| | (d) | Other term liabilities not listed in (a) to (c) |
| | (e) | Total non-current liabilities (sum of (a) to (d)) |
| 9 | Equity |
| | (a) | Shareholder's equity |
| | | (i) | Share capital |
| | | (ii) | Retained earnings |
| | | (iii) | Reserves |
| | | (iv) | Total Shareholders' equity (sum of (i) to (iii)) |
| | (b) | Minority interests in subsidiaries |
| | (c) | Total equity (sum of (a) + (b)) |
| | (d) | Capital notes |
| | (e) | Total capital funds ((c) + (d)) |
| 10 | Total equity and liabilities (6=7(e) + 8(e) + 9(e)) |
| 11 | Operating Revenue |
| | (a) | Revenue from pipeline charges from: |
| | | (i) | end users |
| | | (ii) | gas wholesalers (other than related parties) |
| | | (iii) | gas wholesalers (related parties, transfer payment from the Other business) |
| | | (iv) | gas retailers (other than related parties) |
| | | (v) | gas retailers (related parties, transfer payment from the Other business) |
| | | (vi) | gas distributors (other than related parties)12 |
| | | (vii) | gas distributors (related parties, transfer payment from distribution business)13 |
| | | (viii) | Total revenue from pipeline charges (sum of (i) to (vii)) |
| | (b) | Other operating revenue |
| | | (i) | Interest on short-term investments |
| | | (ii) | Gain on disposal of property, plant and equipment |
| | | (iii) | Other operating revenue not listed in (i) to (ii) or (a) and (b) |
| | | (iv) | Total other operating revenue (sum of (i) to (iii)) |
| 12 | Total operating revenue (sum of 11(a)(viii) + 11(b)(iv)) |
| 13 | Operating Expenditure |
| | (a) | Expenditure on transmission services14 to: |
| | | (i) | gas transmitters (other than related parties) |
| | | (ii) | gas transmitters (related parties, transfer payment to transmission business) |
| | | (iii) | Total expenditure on transmission (sum of (i) to (ii)) |
| | (b) | Transfer payments to the Other business for: |
| | | (i) | Metering services at gas measurement system |
| | | (ii) | Metering services at transmission system receipt points15 |
| | | (iii) | Disconnection/reconnection services |
| | | (iv) | Asset maintenance services |
| | | (v) | Network growth (marketing) expenses |
| | | (vi) | Unaccounted for gas16 |
| | | (vii) | Other goods and services not listed in (i) to (vi) |
| | | (viii) | Total transfer payment to the Other business (sum of (i) to (vii)) |
| | (c) | Expense to entities that are not related parties for: |
| | | (i) | Metering services at gas measurement system |
| | | (ii) | Metering services at transmission system receipt points17 |
| | | (iii) | Disconnection/reconnection services |
| | | (iv) | Asset maintenance services |
| | | (v) | Network growth (marketing) expenses |
| | | (vi) | Unaccounted for gas18 |
| | | (vii) | Sum of (i) to (vi) |
| | (d) | Employee salaries, wages and redundancies |
| | (e) | Asset information management system expense |
| | (f) | Depreciation on: |
| | | (i) | High pressure system pipelines |
| | | (ii) | Low and medium system pipelines |
| | | (iii) | Mixing, compressor, valve and gate stations |
| | | (iv) | System monitoring equipment |
| | | (v) | Distribution regulator stations19 |
| | | (vi) | Service connection assets |
| | | (vii) | Consumer regulator stations |
| | | (viii) | Gas measurement systems (including filters, regulators and over pressure protection) excluding customer meters (corrector, time of use equipment, telemetry equipment and transducers)20 |
| | | (ix) | Asset information management system assets (eg AM/FM) |
| | | (x) | Motor vehicles |
| | | (xi) | Machinery equipment |
| | | (xii) | Office equipment |
| | | (xiii) | Buildings |
| | | (xiv) | Capital works under construction |
| | | (xv) | Other assets not listed in (i) to (xiv) |
| | | (xvi) | Total Depreciation of property, plant and equipment (sum of (i) to (xv)) |
| | (g) | Loss on sale of property, plant and equipment |
| | (h) | Impairment of property, plant and equipment |
| | (i) | Devaluation of property, plant and equipment in excess of reserve |
| | (j) | Rental expense on operating lease |
| | (k) | Corporate and administration (eg, communications, insurance and security, accounting, treasury, bank fees and expenses, photocopying and subscriptions) |
| | (l) | Land and building expenses |
| | (m) | Motor vehicle expenses |
| | (n) | Office equipment maintenance |
| | (o) | Human resource expenses (eg FBT, ACC, Superannuation, Training, and Recruitment) |
| | (p) | Marketing/advertising |
| | (q) | Costs of offering credit |
| | | (i) | Bad debts written off |
| | | (ii) | Increase in estimated doubtful debts |
| | (r) | Merger and acquisition expenses |
| | (s) | Take-over defence expenses |
| | (t) | Consultancy and legal expenses |
| | (u) | Donations |
| | (v) | Director's fees |
| | (w) | Auditor's fees |
| | | (i) | Audit fees paid to principal auditors |
| | | (ii) | Audit fees paid to other auditors |
| | | (iii) | Fees paid for other services provided by principal auditors |
| | (x) | Amortisation of goodwill |
| | (y) | Subvention payments |
| | (z) | Unusual items |
| | (aa) | Other expenses not listed in (a) to (z), and excluding 16, 17 and 18 |
| 14 | Total operating expenditure (sum of 13(a) to 13(aa)) |
| 15 | Operating Surplus before interest and tax (12 - 14) |
| 16 | Interest on borrowings |
| 17 | Financing charges related to finance leases |
| 18 | Other interest |
| 19 | Operating surplus before tax (15 - 16 - 17 - 18) |
| 20 | Income tax |
| | |
| 21 | Net surplus (19 - 20) |