Network Tasman Limited · FS1 Regulatory Profit Statement ... 7 Capital Expenditure on System Fixed...
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Network Tasman Limited Electricity Distribution (Information Disclosure) Requirements Report Schedules Schedules 2 to 13 15 June 2009 ~ V\
Transcript of Network Tasman Limited · FS1 Regulatory Profit Statement ... 7 Capital Expenditure on System Fixed...
Network Tasman Limited
Electricity Distribution (Information Disclosure) RequirementsReport Schedules
Schedules 2 to 13
15 June 2009
~ V\
Table of Contents
I nstructio ns
FS1 Regulatory Profit Statement
FS2 Regulatory Asset & Financing Statement
FS3 Regulatory Tax Allowance CalculationAV1 Annual Regulatory Valuation Roll-forward ReportAV2 Regulatory Valuation Disclosure by Asset ClassAV3 System Fixed Assets Replacement Cost Roll-forward Report
AV4 Business Merger, Acquisition or Sale - Regulatory Asset Base DisclosureMP1 Network InformationMP2 Performance MeasuresMP3 Price & Quality MeasuresAM1 Expenditure Forecasts and Reconciliation
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Electricity Distribution (Information Disclosure) Requirements - Schedules
¡REPORT FS1: REGULATORY PROFIT STATEMENT
ref Electricity Distribution Business:
Income
8 Net Line Charge Revenue Receivedg plus Discretionary Discounts and Customer Rebates
10 Gross Line Charge Income11
12
13 Capital Contributions14 plus Net Value of Vested Assets
15 Total Capital Contributions and Vested Assets16
17 AC Loss Rental Rebates Received18 less AC Loss Rental Rebates Passed On19 Net AC loss rental income (deficit)2021
22 Other Income23
24
25 Total regulatory income26
27
28 Expenses2g
30 Transmission Charges - Payments to Transpower31 plus Avoided Transmission Charges - payments to parties other than Transpower
32 Total Transmission Costs3334 Operational Expenditure:35 General Management, Administration and Overheads36 System Management and Operations37 Routine and Preventative Maintenance38 Refurbishment and Renewal Maintenance3g Fault and Emergency Maintenance40 Pass-through Costs41 Other42 Total Operational Expenditure43
44
45 Operational earnings46
47
48 Regulatory Depreciation of System Fixed Assets (inc!. value of assets decommissioned)4g plus Depreciation of Non-System Fixed Assets (inc!. value of assets decommissioned)
50 Total Regulatory Depreciation51
52
53 Earnings before interest and tax (EBIT)54
55 less Regulatory Tax Allowance56
57 plus Indexed Revaluation (of System Fixed Assets)
58 plus Revaluations of Non-System Fixed Assets5g
60 Regulatory profit 1 loss (pre-financing and distributions)
($000)27,008 :
5,909 i FS1s32,917
602,153 :
2,213
2,9261,091
1,835
379379
37,34
12,009 i
12,009
toAM1
toAM1
toAM1
8,469 toMP2
16,866
5,590 frAV1321 frAV1
5.911 toFS3
10,955 toFS3
(131) fr FS3
4,044 frAV1frAV1
15,130 toMP2
19/08/2009 Information Disclosure 2009.XLS
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Electricity Distribution (Information Disclosure) Requirements - Schedules
.REPORT FS1: REGULATORY PROFIT STATEMENT (cant)
. Notes to Regulatory Profit Statement
6g FS1a: Discretionary Discounts: Customer Rebates and other line charge adjustments70 Customer Rebates71 Line Charge Holidays and other Discretionary Discounts72 Total Discretionary Discounts and Customer Rebates
75 FS1b: Related part expenditure - summary76 Avoided Transmission Charges77 Operational Expenditure78 Subvention Payment7g Other related party expenditure80 Total Related Part Expenditure81
82
83
84
N.B.: The additional Related Part information that is required to be disclosed in accordance with Section 3of the Information Disclosure Handbook is to be disclosed by way of a separate note to this Schedule andforms part of this Schedule.
($000)5.909
5,909 ·
(SOOO)
(SOOO)
Select one
Select one
Select one
110 FS1e: Reclassified items in Operational Expenditure111 Value of items which have been reclassified since previous disclosure (if greater than 10% of any affected line item)112 Previous classification: Select one113 New classification: Select one114
115
19/08/2009
87 FS1c: Operational Expenditure notes
88
89 Merger and Acquisition Expenses
gO Merger and Acquisition Expenses (not to be included in Operational Expenditure)91
92
93
94
95
96
97
98
gg
100
101
102
103
Material items (if greater than 10% of the Operational Expenditure line item)Material item amount 1
within expenditure category:
Material item amount 2
within expenditure category:
Material item amount 3within expenditure category:
Notes to be prvided separately
Notes to be provided separately
(furher discosurs to be prvided on sepwate page if reuire)
,Notes to be provided sepaately
106IFS1d: Vested Assets107 Consideration Paid for Vested Assets
Value of items which have been reclassified since previous disclosure (if greater than 10% of any affected line item)
Previous classification: Select oneNew classification: Select one
116
117
118
11g
120
121
122
123
124
Value of items which have been reclassified since previous disclosure (if greater than 10% of any affected line item)
Previous classification: Select oneNew classification: Select oneto be repeated as reuire fo multiple reassfications
Information Disclosure 2009.XLS
($000)60
(SOOO)
($000)
(SOOO)
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Electricity Distribution (Information Disclosure) Requirements - Schedules
:REPORT FS2: REGULATORY ASSET AND FINANCING STATEMENT
ref Electricit Distribution Business:
6
7 Capital Expenditure on System Fixed Assets (by primary purpose) ($000)Customer Connection 3,467 toAM1
System Growth toAM1
10 Reliabilty, Safety and Environment toAM1
11 Asset Replacement and Renewal toAM1
12 Asset Relocations toAM1
13 Total Capital Expenditure on System Fixed Assets 3A67 toAM1
14
15
16 Capital Expenditure on Non-System Fixed Assets 221 fromAV1
17
18
19 Capital works roll-forward (for System Fixed Assets)20 Works Under Construction at Beginning of Year 1,382 i
21 plus Total Capital Expenditure on System Fixed Assets 3,467 i22 less Assets Commissioned in Year 3,925 fromAV1
23 Works under construction at year end 92424
25
26 Regulatory Investment Value calculation27 System Fixed Assets: regulatory value at end of Previous Year 136,194 fromAV1
28 Non-System Fixed Assets: regulatory value at end of Previous Year 3,063 fromAV1
29 Finance During Construction Allowance (on System Fixed assets) 3,337 2.45%
30 Total Regulatory Asset Base value at beginning of Current Financial Year 142,594 J31
32 plus i System Fixed Assets Commissioned in Year 3,925 i fromAV1
33 System Fixed Assets Acquired From (Sold to) a Non-EDB in Year fromAV1
34 Non-System Fixed Assets: Asset Additions 221 fromAV1
35 Regulatory Asset Base investment in Currnt Financial Year - total 4,14536 Regulatory Asset Base investment in Current Financial Year - average 2,073 J
37
38 plus (minus) where a merger or acquisition has taken place within the year
39 Adjustment for merger, acquisition or sale to another EDB fromAV4
40
41 Regulatory Investment Value 144,667 toMP2
lA19/08/2009 Information Disclosure 2009.XLS /'
Electricity Distribution (Infonnation Disclosure) Requirements - Schedules
REPORT FS3: REGULATORY TAX ALLOWANCE CALCULATION
ref Electricit Distribution Business:
7
8 Earnings before interest and tax (EBIT)
10 add Total Regulatory Depreciation
11 Other Pennanent Differences - not deductible
12 Other Temporary Adjustments - Current Period13
15 less Non Taxable Capital Contributions and Vested Assets
16 Tax Depreciation
17 Deductible Discretionary Discounts and Customer Rebates
18 Deductible Interest
19 Other Pennanent Differences - Non Taxable
20 Other Temporary Adjustments - Prior Period
21
22
23 Regulatory taxable income for Year
24
25 less Tax Losses Available at Start of Year
26 Net taxable income27
28 Statutory Tax Rate29 Regulatory Tax Allowance
Notes to Regulatory Tax Allowance Calculation
(SOOO)
10,955 i fromFS1
5,911 fromFS1
8
(69)i 5,850I
2,119
4,480 i
5,909
4,734 from row 53
17,242 L
(437)
(437)
30%
(131) toFS1
36 FS3a: Description of adjustments classified as "other"3738 The Electricity Distribution Business is to provide descriptions of items recorded in the four "other" categories above (explanatory39 notes can be provided in a separate note if necessary).4041
4243
4445
48 FS3b: Financing assumptions (for Deductible Interest and Interest Tax Shield calculation)49
50 Standard Debt Leverage Assumption (debt/total assets)51
52 Standard Cost of Debt Assumption53
54 Deductible Interest55
56 Interest Tax Shield Adjustment
19/08/2009 Infonnation Disclosure 2009.XLS
40% %
8.18% %
4,734 $00
1,420 $00
to row 18
toMP2
tA
7
Electricity Distrbution (Information Disclosure) Requirements - Schedules
¡REPORT AV1: ANNUAL REGULATORY VALUATION ROLL-FORWARD REPORT
ref
910
11
12
13
14
15
16
171819
20212223242526272829303132
For Year Ending:
System Fixed AssetsRegulatory Value at End of Previous Year*
plusAssets CommissionedGross Value of Vested AssetsAssets Acquired from (Sold to) a Non-EDBAsset Additions
plusIndexed Revaluation
lessDepreciation of System Fixed AssetsRegulatory Value of Assets DecommissionedRegulatory Depreciation (Incl. value of assets decommissioned)
plus (minus)Acquisition of System Fixed Assets from another EDB
less Sale of System Fixed Assets to another EDBNet Acquisitions (Sales) of System Fixed Assets from (to) an EDB
plus (minus)Net Increase (Decrease) Due to Changes In Asset Register Information
Electcity Distrbution Business:
For Year Ended:
Year of most recent ODV
(SOOO)ODV Year + ODV Year + ODV Year + ODV Year + ODV Year +1 2 3 4 5
2005 2006 2007 2008 2009 I
108,091 116,240 122,981 130,550 136,194
6,175 6,289 7,180 4,597 3,925 i3.401 1,128 2,133 1,859 2,213
9,576 7,417 9,313 6,457 6,138
2,912 3,903 3,121 4,395 4,044 i
4,339 4,579 4,865 5,070 5,349 ~- 138 241 I
4,339 4.579 4,865 5,208 5,590 ·
¡
I
116,240 122,981 130,55 136,194 140,786 i
1,036 951 2887 2946 3063
228 2,296 454 439 221
313 360 395 322 321
951 2,887 2,94 3,063 2,963 :
117,191 125,869 I 133,496 I 139,257 I 143,749 i
33 Regulatory Value of System Fixed Assets at Year End
34
35 Non-System Fixed Assets36 Regulatory value at end of previous year3738 plus Asset Additions39 plus Revaluations40 less Depreciation (inc!. value of assets decommissioned)41 plus Net Acquisitions (Sales) of Non-System Fixed Assets from (to) an EDB42 Regulatory Value of Non-System Fixed Assets at Year end43
44
45 Total Regulatory Asset Base Value (excluding FOe)
464748 · The commencing figure for completing this schedule is the most recent ODV value49 Note: Additonal columns to be added if required
'Notes to Annual Regulatory Valuation Roll-forward Report
57 AV1 a: Calculation of Revaluation Rate and Indexed Revaluation of System Fixed Assets58 CPI as at date of ODVL 928159
606162636465
For Year EndedCPI at CPI reference date
Revaluation Rate
System Fixed Assets: Regulatory Value at End of Previous YearIndexed Revaluation of System Fixed Assets
20091075'
2.97%1
2005953
2.69%
1080912,912
136194 ,4,044 '0 FS1. AV1
68 AV1 b: Input for prior year Acquisitions (Sales) of Assets to (from) another ELB69 For Year Ended 200570 Acquisition of System Fixed Assets from another EDB71 Sale of System Fixed Assets to another EDB72 Net Acquisitions (Sales) of Non-System Fixed Assets from (to) an EDB
19/08/2009 Information Disclosure 2009.XLS
fromAV4fromAV4
toFS2toFS1toFS1
frmAV4
toFS2
toFS2
toFS1toFS2
toFS1
toFS1
v,~
I REPORT AV2: REGULATORY VALUA liON DISCLOSURE BY ASSET CLASS
!(fOr System Fixed Assets)
ref
Electrici Distribution (Information Discosure) Requirements - Schedules
Electrici Distribution Busines:
Subtotals by Asset Class (for System Fixed Assets)
c:.2~.~
~:õ11 System Fixed Assets ~
1213 Regulatory Value of System Fixed Assets (as per most recent ODV) 5.768 I1415 Cumulatie roll.forrd since most reent ODV:16 Asset Additions17 Indexed Revaluation (of System Fixed Assets)18 less Regulatory Depreciation (of System Fixed Assets)19 Net Acquisitions (Sales) of System Fixed Assets from (to) an EDB20 Net Increase (Decrease) Due to Changes in Asset Register Information21 Regulatory Value of System Fixed Asts at Year End
ig
~
~tJCÐc:~
~::~otc:.Q
~~
i:($000)
aiE
~ .f!l- i~
II .~
ollß ig
't
=gtV c( =.2 CÐ i ¡¡u
! .f~
.~~j u...ot tJ tJ ~ ~c:
.~ .~ i ~ ;:.2'5 '5
~tJ .2 ~
€ € CÐ _ ol
~ ~ ~ 25 ~ L
39,528 i 16.895 i 6~893 I 5,174 108,091 Er(AV1)
~~ frAV1~275 frAV1~.sn. frAV1frAV1frAV1
140 785 Err(AV1)
9.6891 24,144
19/0812009 Informion Disclsure 200.xLS
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Electricity Distribution (Information Disclosure) Requirements - Schedules
,REPORT AV3: SYSTEM FIXED ASSETS REPLACEMENT COST ROLL-FORWARD REPORT
6
7
8
9
10
11
12
13
14
15
16
17
18
19
2021
22
23
24
25
26
2728
System Fixed Assets · Replacement Cost
Electricity Distribution Business:ref
Replacement cost at end of previous year
Asset AdditionsIndexed Revaluation (of System Fixed Assets)
less Replacement Cost of Assets DecommissionedNet Acquisitions (Sales) of System Fixed Assets from (to) an EDBNet Increase (Decrease) Due to Changes in Asset Register InformationReplacement cost of System Fixed Assets at year end
System Fixed Assets · Depreciated Replacement Cost
Depreciated Replacement Cost at end of previous year
Asset AdditionsIndexed Revaluation (of System Fixed Assets)
less Depreciation of Replacement Costless Depreciated Replacement Cost of Assets Decom m issioned
Net Acquisitions (Sales) of System Fixed Assets from (to) an EDBNet Increase (Decrease) Due to Changes in Asset Register InformationDepreciated replacement cost of System Fixed Assets at year end
($000)277,010 i
6,1388,225 ~
1,375 :
i
289,998 i
138,061 i
6,138 ;4,100 i
279 Ii~
148,019 :
REPORT AV3: SYSTEM FIXED ASSETS REPLACEMENT COST ROLL-FORWARD REPORT (cant)
Notes to Price and Quality Measures
36 AV3a: New Asset Additions3738 Asset Additions - Depreciated Replacement Cost39 plus Difference in Replacement Cost and Depreciated Replacment Cost values of Asset Additions
4041 Asset Additions. Replacement Cost42
19/08/2009 Information Disclosure 2009.XLS
AV3a
fromAV4
AV3a
fromAV4
6,138 i fromAV1
6,138
7LI
Electrity Distrbution (Informatin Disclosu) Requirements. Scheules
.REPORT AV4: BUSINESS MERGER, ACQUISITION OR SALE - REGULATORY ASSET BASE DISCLOSURE
Electrcity Distrbution Buslnessl Network Tasman Limited
C Disclosure required? (YES or NIL DISCLOSURE): NO DISCLOSURE REQUIRED
Q101112 PART 1: Most recent ODV valuation of Systm Fixed Ass transferrd
As at (date):Proporton of year following transfer of assets 0%
1314 Replacement Cost (RC)151C less Depreciatin17 Depreciate Replacement Coat (ORC)1C1Q less Optimisatin adlustment20 Optimis Depreciate Replacement Coat (OORC)2122 less Economic Value Adlustment (EVA)23 Moat reent OOV valu24
~
~ J!~
¡"0
ji: 4(
GlII
1:Gl ~i: II c(
~0 Gl j:: () 01
j ~ E0 ~ ~ B ü:0 .~
i.~
jad ad il E.~ i: 0 0 i: i0 0
il :i :i .& :i (/ .e~ Gl ~ ~
.&:;ti :s
~~ ~ iŠ iŠ õ R ~---
($0)
2C PART 2: Valuation disclosure for transferrd asts by Asst Class (at transfer date) ($000)
l s:4(
!~~
!~ c(E j .i
~ü: ~E
i lE.2 ~
~ g ~272C RØQulatory Value of SyStem Fixd Assets (as per most recent ODV)2Q30 Cumulllve rol/-frwen since most re ODV:31 Asset Additions32 Indexed Revaluatin (of SyStem Fixd Assets)33 less ReQulatory Depreciation (of SyStem Fix Assets)34 Net Acquisitins (Sales) of SyStem Fixd Assets from (to) an EDB35 Net Increase (Decrease) due to Chanies In Asset RØQlster Informatin3I RA Valu of Transerred Asts at Transfer Date3738 Acquisitin of Assets from Anthr EDB3Q Sale of Assets to Anthr EDB404142 RA Value of Transferr Assets at Transfer Date43 .p. factor (proportn of year following transfer of assets)'" Adjustment for merger, acquisitn or .... to anothr EOB45
l- - IIbAV1IbAV1
0°/;'c:PART 3: Rolled-forward Replacement Cost values for System Fixed Assts transferrd ($000)
484Q5051525354555C57
RC & ORC value ofSyste Fixed Asts at
transer dateRA value of
.0....100..1 .~.."IIbAV3IbAV3
Net Acquisitins (Sales) of SyStem Fix Assts frm (to) an EDB - RCNet Acquisions (Sales) of System Fix Assets from (to) an EDB - DRC
SiQne by, Sellni Entity
Acquirini Entity
19/0812009 Infortion Disclosure 200.XLS
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Electricity Distribution (Information Disclosure) Requirements - Schedules
~REPORT AV4: BUSINESS MERGER, ACQUISITION OR SALE - REGULATORY ASSET BASE DISCLOSURE
L Electrcity Distrbution Business: I
19/0812009
Network Tasman Limited
(I Disclosure required? (YES or NIL DISCLOSURE): NO DISCLOSURE REQUIRED
o1011
12 PART 1: Most recent ODV valuation of System Fixed Assets transferred
As at (date): _Proporton of year following transfer of assets 0%
(SOOO)
1314 Replacement Cost (RC)151(1 kiss Depreciation17 Depreciated Replacement Coat (ORC)1810 less Optimisation adjustment20 Optimised Depreciated Replacement Cost (OORC)2122 less Economic Value Adjustment (EVA)23 Moat recent OOV Value24
ê
1 .!Zl
J"~ClU~
"Cl
lD C lU .~ )(c 0 Cl
~¡¡:: () ci
II
i.i ic ~ ~ i u:0 c0 iO~
lci ci ~O~ C C C c
Lrn0 0 0 0;i:J :J :J :J rn oS
~.. .. .. ..CD :s °C °C :s
~~c
~ ~ £5 £5 £5 £5 ~------ _._--- --,----------- -- - ---------
2d PART 2: Valuation disclosure for transferred assets by Asset Class (at transfer date) ($000)
.!
JûIt" lD'2
.~)(
¡¡ " .!
l ~ !u: ~
rn ~ II0 L ~~ ~ ~~ ~ ~27
28 Regulatory Value of System Fixed Asets (as per most recent ODV)2Ø30 Cumulllve rol.forard since mo.t reent ODV:31 Asset Additions32 Indexed Revaluation (of System Fixed Assets)33 less Regulatory Depreciation (of System Fixed Assets)34 Net Acquisitions (Sales) of System Fixed Assets from (to) an EDB36 Net Increase (Decrease) Due to Changes in Asset Register Information3( RAB Value of Transferred Aseta at Transfer Oat.373l Acquisition of Assets from Another EDB3Q Sale of Assets to Another EDB404142434445
1--:--:1 IoAV1IoAV1
RAB Value of Transferred Assets at Transfer Date.p. factor (proporton of yer following transfer of assets)AdJ~tment for mersar, acquisition or ..I. to anotMr EOB
--õ%c=PART 3: Rolledforward Replacement Cost values for System Fixed Assets transfed ($000)
48405051525354555(157
RC & ORC values ofSystem Fixed Anta at
transfer dateNet Acquisitions (Sales) of System Fixed Assets from (to) an EDB - RCNet Acquisitions (Sales) of System Fixed Assets from (to) an EDB - DRC
Signed by: Selling Entity
Acquiring Entiy
Information Disclosure 2009.xLS0/
Electricity Distribution (Information Disclosure) Requirements - Schedules
REPORT AV4: BUSINESS MERGER, ACQUISITION OR SALE - REGULATORY ASSET BASE DISCLOSURE
19/0812009
Electricity Distribution Business: I Network Tasman Limited
o Disclosure required? (YES or NIL DISCLOSURE): NO DISCLOSURE REQUIRED
Q1011
12 PART 1: Most recent ODV valuation of System Fixed Assets transferred
As at (date):_,Proportion of year following transfer of assts 0%
($000)
1314 Replacement Cost (RC)161tJ less Dereciation17 Depreciated Replacement Coat (ORC)101Q less Optimisation adjustment20 Optimised Depreciated Replacement Coat (OORC)2122 less Economic Value Adjustment (EVA)23 M~t recent OOV Value24
E
1 J!~
J"0~c:lU~ 1CI Cl CI
Cl ~c: C' )(
c: 0 Cl "0 i::: ()
l01 Ð.i )( i5 c: ~ ~ 0 ü:.~ 0
OI 1 E i.. OI
1 1c: c: c: c: .! C/0 0 0 0 ~..:: :: :: :: en ~.0 .0 .0 .0
:E Ð :s E :s .i: Ð ~~
c:5 5 5 ~ 5 ~~--_.- --- --------- - --- --- -----_.- ------~
2t PART 2: Valuation disclosure for transferred assets by Asset Class (at transfer date) ($000)
J!
Jô~
= 1u)(i: "0 .!
E Ð !.! )(
~ü: 1~ a:
0 "i oia:
~ ~ ~~ ~ ~27
20 Regulatory Value of System Fixed Asets (as pe most recent ODV)2030 Cumi.llve rol.forll ainee moa reent ODV:31 Asset Additions32 Indexed Revaluation (of System Fixed Assets)33 less Regulatory Dereciation (of System Fixed Assets)34 Net Acquisitions (Sales) of System Fixed Assets from (to) an EDB36 Net Increase (Derease) Due to Changes in Asset Register Information30 RAB Value of Transferred Asets at Transfer Date3738 Acquisition of Assets from another EDB3Q Sale of Assets to another EDB40414243.u46
1--: -:-1RAB Value of Transfered Assets at Transfer Date"pM factor (proportion of year following transfer of assets)
Adjustment for merger, acqul.ltlon or aale to another EOB
-~c:PART 3: Rolled-forward Replacement Cost values for System Fixed Assets transferred ($000)
404Q6061626354665067
RC & ORC values ofSystem Fixed As.ets at
transfer dateNet Acquisitions (Sales) of System Fixe Assets from (to) an EDB - RCNet Acquisitions (Sales) of System Fixed Assets from (to) an EDB - DRC
Signed by: Selling Entity
Acquiring Entity
Information Disclosure 2009,XLS
IoAV1IoAV1
IoAV3IoAV3
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Electicity Distribution (Information Disclosure) Requirements - Schedules
i REPORT MP1: NETWORK INFORMATION
-(Separate report required for each Non-Contiguous Network).
ref
Network Name:
Disclosure:
Network Tasman
Annual Disclosure - Re uirement 6(1)
Circuit Length by Operating Line Voltage (at year end) Overhead(km)
10
11
12
1314
1516
1718
19
20
21
22
23
242526
27
2829
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47484950
51
52
5354
55
56
57
58
59
6061626364
65
6667
68
69
70
7172
73
74
75
76
77
78
798081
82
83
84 Number of Connection Points (at year end)85
86 Intensity of service requirements87 Demand Density (Maximum Distrbution Transformer Demand 1 Total circuit length)88 Volume Density (Electrcity Supplied to Customers' Connection Points / Total circuit length)89 Connection Point Density (ICPs / Total circuit length)90 Energy Intensity (Electrcity Supplied to Customers' Connection Points IICP)
(enter "Total Business" or name of netwk)
Underground Total(km) (km)
::66kV50kV & 66kV33kVSWER (all SWER voltages)22kV (other than SWER)6.6kV to 11 kV (inclusive - other than SWER)Low Voltage (c: 1 kV)Total circuit lengt (for Supply)
i
123 20 143
91 13 1041,811 201 2,012
543 529 1,0712,568 762 3,330
Dedicated Street lighting Circuit Lengt
Overhead Circuit Length by Terrain (at year end)Urban (only)Rural (only)Remote (only)Rugged (only)Rural & rugged (only)Remote & rugged (only)Unallocated overhead linesTotal overhead lengt
(km)206
2,16375
2,569Eror (Row19)
1178
(%)8%
84%3%0%5%0%0%
Transformer capacity (at year end)Distribution Transformer Capacity (EDB Owned)
Distribution Transformer Capacity (Non-EDB Owned, Estimated)
Total Distrbution Transformer Capacity
Zone Substation Transformer Capacity
System Fixed Assets age (at year end)Average Age of System Fixed Assets
Average Expected Total Life of System Fixed AssetsAverage Age as a Proporton of Average Expected Total Life
Estimated Proportion of Assets (by Replacement Cost) within 10 years of Total Life
Electricity demand
GXP Demandplus Embedded Generation Output at HV and Above
Maximum System Demandless Net Transfers to (from) Other EDBs at HVand Above
Demand on system for supply to customers' Connecion Pointsless Subtransmission Customers' Connection Point Demand
Maximum Distrbution Transformer Demand
GXP Demand not Supplied at Subtransmission LevelEmbedded Generation Output - Connected to Subtransmission SystemNet Transfers to (from) Other EDBs at Subtransmission Level Only
Estimated Controlled Load Shed at Time of Maximum System Demand (MW)
Five-Year System Maximum Demand Growt Forecast
Electricity volumes carriedElectricity Supplied from GXPs
less Electicity Export to GXPsplus Electicity Supplied from Embedded Generatorsless Net Electricity Supplied to (from) Other EDBs
Elecricit entering system for supply to customers' Connecion Pointsless Electricity Supplied to Customers' Connection Points
Electricity Losses (loss ratio)
Electricity Supplied to Customers' Connection Pointsless Electricity Supplied to Largest 5 Connecton Points
Electricity supplied other than to Largest 5 Connection Points
Load Factor
19/0812009 Information Disclosure 2009.XLS
341 MVA
5 MVA
346 MVA (to MP2)
158 MVA
31 Years
53 Years
59% %
10% %
Maximumcoincident
systemdemand (MW)
147 i
1
14832
11620 I
97
Non-eolncldentSum of maximumdemands (MW)
151
23
1
o i
¡
20
1.8 % p.a.
(GWh)758
715560957534 I 5.5% %
575152423 I 74% %
60% %
35,829 ICPs
29 kWlkm
173 MWh/m11 ICPlkm
16,055 kWhllCP
toMP2
Pre~-~5
340
158
toMP2
o
toMP2
toMP2
If (~
Electricity Distribution (Information Discosure) Requirements - Schedules
,REPORT MP2: PERFORMANCE MEASURES.
ref Elecrici Distribution Busines:
6 Performance comparators
Previous Years: CurrntFinancial
Year
8 $I frFS1290 $I frAV3
2.92% %
3 $I frFS2290 $I frAV3
1.20% %
3 $I frFS26 MIA frMP1
575 "VA
$I frFS1 &2
6 $m frAV10%%
97 MW frMP1346 kVA frMP1
28.0% %
Current Yr . 3 Current Yr . 2 Current Yr . 1
Operational expenditure ratio10
11
12
13
14 Capital expendltu.. ratio
15
16
17
18
19
Total Opeational Expenditure
Replacment Cost of System Fixed Assets (at year end.)
Ratio (%) Not defined Not defined
7
277
2.36%
Total Capital Expenditure on System Fixed Assets
Replacement Cost of System Fixed Assets (at year end.)
Ratio (%) Not defined Not defined
4
277
1.50%
20
21
22
23
24
25
26
27
28
Capital expenditure growh ratio
Capital Expenditure: Customer Conection and System Growth
Change in Total Distribution Transformer Capacity
$IkVA Not defined Not definBC
4
11
385 '
Renewal expenditure ratio
Capital & Operational Expenditure: Asst Replacement, Refurbishment and Renewal
Regulator Depreciation of System Fixed AssetsRatio (%) Not defined Not defined 0%
29 Distribution Transformr Capacity Utilsaion
Maximum Distrbution Transformer Demand
Total Distribution Transformer Capacity (at year end.)
Ratlo(%)
88
330
26.8%
94
340
27.7%
86
318
27.1%
3Q
31
32
33
34
35
36
37
38394041
42 Expenditure comparison table
Return on Investment
Regulator Profit / Loss (pre-financing and distributions)
less Interest Tax Shield Adjustment
Adjusted Regulator Profit
Regulator Investment ValueRatlo(%)
14 15 $m1 1 $m13 14 $m139 145 $I
Not defined Not defined 9.29% 9.48% %. If a Mer or Asset Trensfe wi another EDB was eneter into durngthe yea, the denomator ar ca/cuated as tlm&ted lJVfges.
frFS1frFS3
frFS2
43
44
expenditure metrlcs ($ per):
4546
ElectricitSupplied to Maximum Distribution
Total circuit Customers' coincident Transformrlength (for Connection systm Connection Capacit (EDB-Supply) Points demand Point Owed)($/km) i ($/MWh) i ($/MW) ! ($/ICP) i ($/MVA)
- -- 1,191 +--_~+_- -~~,~Lt_1~+-'-Q,§9L2,543 I 15 ì 57,067 ¡ 2361 24,819 frFS1 &MP1
47 Capital expenditure ($) per
Operational Expendltu.. ($) per
frFS2&MP1
4849
19/0812009 Information Disclsure 200.XLS
~If
¡ REPORT MP3: PRICE & QUALITY MEASURES(Separate report required for each Non-contiguous Network)
19/08/2009
Electricity Distribution (Information Disclosure) Requirements - Schedules
ref
Network Name:
Disclosure:
10 QUALITY11
12
13
1415
1617
18
1920
21
2223
2425
2627
2829
30
31
32
3334
35
3637
38
3940
41
InterruptionsInterruptions by classClass AClass BClass CClass DClass EClass FClass GClass HTotal
Interruption targets for Forecast YearClass BClass C
Average Interruption targets for 5 Forecast YearsClass BClass C
Class C Interruptions restored within
4 planned interruptions by Transpowe:
152 plann interruptions on the netwrk143 ~unPianne interruptions on the netwrk
2 iunplnned interruptions by Transpowe
I unplnne interruptions of netwrk owned generation. unplnned interruptions of generation (non-netwrk)unplanned interruptions caused by other electricity industry partcipant
plann interruptions caused by other electricity industry participant301 Tot.1 of above
2010 Current Financial Year +1150 planned interruptions on the netwrk120 'unplanned interruptions on the netwrk
2010-2014 Current Financial Year +1 to +5150 planned interruptions on the netwrk120 unplanned interruptions on the netwrk
s3Hrs ~3hrs119 I 24
FaultsFaults per 100 circuit kilometresThe total number of faults for Current Financial YearThe total number of faults forecast for the Forecast YearThe average annual number of faults forecast for the 5 Forecast Years
143.00120.00120.00
in year 2009in year 2010
average over years 2010-2014
42
43
44
45
46
4748
Fault Information per 100 circuit kilometres by Voltage and Type6.6kV &
11kV non-SWER
Yes6.965.865.81
Is this voltage part of the EDB system?Current Financial YearForecast YearAverage annual for 5 Forecast Years
Fault Information per 100 circuit kilometres by Voltage and Type6.6kV &
11kV non-SWER
4.4817.07
4950
5152
53
54
55
56
57
58
5960
6162
63
64
65
66
67
68
69
70
71
72 Price information by Connection Point Class
UndergroundOverhead
ReliabiltyOverall reliabiltyBased on the total number of interruptions
Reliabilty by Interruption classClass BClass C
Targets for Forecast YearClass BClass C
Average targets for 5 Forecast YearsClass BClass C
PRICES
73
74
75
76
77
78
79
80
81
Gross line charge Income ($000)Elecicity Supplied to Customers' Connecon Points (MWh)
Number of Connecon Points (ICPs) at year endUnit Price (cents/kWh)
Relative Unit Price Index
22kV non-
SWER SWER 33kV 50kV & 66k\¡ ~66kV
2~44 l I
SAlOl SAiFI CAlOI342.31 I 2.33 I 147.21
SAlOl SAiFI CAiDI30.41 I 0.131 228.04
214.62 1.53 140.00
SAiDI SAiFI CAiDI25.00 I 0.181 140.0079.00 1.13 70.00 I
SAlOl SAiFI CAiDI25.00 1 0.181 140.0076.20 1.09 70.00
Connecion Point Class
Small Medium Large Largest 5 Connection Connection Connection Connection
Points Points Points Points Total
17,277 4,492 6,994 2,309 31,071 i
245,311 52,196 125,517 152,208 575,233 ,
34,044 1,520 260 5 35,829 !
7.0 8.6 5.6 1.5 5.4 ,
1.00 1.22 0.79 0.22 0.77 i
Information Disclosure 2009.XLS
~66kVNo
Eror (FS1)
fromMP1
frmMP1
ill11
REPORT MP3: PRICE AND QUALITY (cant)
Notes to Price and Quality Measures
89 MP3a: Connection Point Class breakpointsgO91 Connection Point Class breakpoints methodology92
93 kVA based breakpoints - additional disclosure94 Breakpoint betwen small and medium classes95 Breakpoint betwen large and medium classes96
19/0812009
kVA based breakpoints
20 kVA70 kVA
Information Disclosure 2009.XLS
Electrcity Distribution (Information Disclosure) Requirements - Schedules
.;rVi
19/081200
Electrcity Distribution (Infonnation Disclosure) Requirements - Schedules
IREPORT AM1: EXPENDITURE FORECASTS AND RECONCILIATION
I
ref
A) Five year forecasts of expenditureFrom most recent Asset Management Plan
Forecast Years
ear5.2010 2011 2012 2013 2014
525 525 1,051 -~ -.1SL frFS24,008 3,753 3,147 1,147 -1i~ fromFS2
725 1,290 -~ ---2 --~ frFS21,620 --.i 382 ---~ 5()0 frFS2
550 500 500 500 500 frFS27,429 7,015 5,149 3,312 4,137
1,279 1,279 1,279 __ 1,279 ---L fr FS11,800 1,800 1,800 1,650 ~~ fromFS1
435 435 435 435 435 i fromFS13,514 3,514 3,514 3,364 3,264
10.9431 10.530 I 8.6631 6.6761 7.401
500 I 500 I 500 I 500 I 500
10 Capital Expenditure: Customer Connecon
Capital Expenditure: System Growt
Capital Expenditure: Reliabilty, Safety and Environment
Capital Expenditure: Asset Replacement and Renewal
Capital Expenditure: Asset Relocations
Subtotal. Capital Expenditure on ast management
Actl forCurrnt
Financial Year
fo yer ended 2009
_~46711
12
13
14
15
18
17 Operational Expenditure: Routne and Preventative Maintenance
18 Operational Expenditure: Refurbishment and Renewal Maintenance
19 Operational Expenditure: Fault and Emergency Maintenance
20 Subtotal. Operational expenditure on asset management
21
22 Total direct expenditure on distribution network23
24 Overhead to Underground Conversion expenditure
28
27
28
The ElectrcIty DIstrbution BusIness Is to provIde the Blunt of Overead to UnderoundConversion Expediture includad in eah of the abve Expediture Categ9S (explanatornot9S can be prvidad in a separate note If nec9Ssar).
30
32
33
34
35
B) Variance between Previous Forecast for the Current Financial Year, and Actual Expenditure
Previousforecast for
CurrntFinancial
Year
(b).10 Variance
(a)/(b)-1
Actual forCurrnt
FinancialYear
(a)
~467 Not defined
Not defined
Not defined
- Not defined -1
Not defined
3,467 Not defined
Capital Expenditure: Customer Connecton
Capital Expenditure: System Growt
Capital Expenditure: Asset Replacement and Renewal
Capital Expenditure: Reliabilty, Safety and Environment
Capital Expenditure: Asset Relocations
Subtotal. Capital expenditure on asst management
fr row 10
38from row 11
from row 12
fr row 1338
3fJ
4(
fr row 14
Operational Expenditure: Routne and Preventative Maintenance
Operational Expenditure: Refurbishment and Renewal Maintenance
Operational Expenditure: Fault and Emergency Maintenance
Subtotal. Operational expenditure on ast management
---Not defined
Not defined
Not defined
Not definedfrom row 19
41
42
43
44
45
4B
4748
4fJ explanation of variances
50 Distribution Business must provide a brief explanation fo any line item variance of more than 100/05152 Explanator notes (can be provided in a separte note if necessary):5354
5558575859(j818263
fr row 17
fr row 18
Total direct expenditure on distribution network3.4671 INot defined
Infonnaton Disclosure 200.xLS
~vt
Efficiency Performance Measures
(a)(b)
Direct line costs per kilometerIndirect line costs per electricity customer
2009$ $1,846
66
2008$
1,37157
2007$
1,36550
2006
1,30850
NetworkTasmanNetwork Tasman Limited 52 Main Road, Hope 7020
PQ Box 3005Richmond 7050
Nelson, New Zealand
Tel: 64 3 989 3600Freephone: 0800 508 098
Fax: 64 3 989 3631Email: infoênetworktasman.co.nzWebsite: www.networktasman.co.nz
CERTIFICATE FOR DISCLOSED INFORMATION
Pursuant to Require111ent 1 1 (1 )
We, Christopher Ian Menzies TURNR and Michael John McCLISKIE, directors of NetworkTas111an Liinited ceiiify that, having n1ade all reasonable enquiry, to the best of our knowledge,the following attached audited info11nation of Network Tasn1an Lin1Ited prepared for the purposesofrequireinent 3, 4,6 and 7(5) of the Coimnerce Coimnission's Electricity Distribution(Infonnation Disclosure) Requireinents 2008 coinplies with those Requireinents -
(i) Report FS 1: Regulatory Profit Report;
(ii) Report FS2: Regulatory Asset and Financing Repoii;
(iii) Report FS3: Regulatory Tax Allowance Report;
(iv) Repoii AVI: Aiu1ual Regulatory Valuation Roll-Forward Repoii;
(v) Repoii A V2: Valuation Disclosure by Asset Class (for Syste111 Fixed Assets);
(vi) Report A V3: Systein Fixed Assets Replacen1ent Cost Roll-Forward Repoii;
(vii) Report A V4: Merger or Acquisition Regulatory Asset Base Disclosure;
(viii) Report MPl: Network Infor111ation Report;
(ix) Report MP2: PerfOi1.11anCe Measures Report;
(x) Report MP3: Price and Quality Repoii; and
(xi) Report AMI: Expenditure Forecasts and Reconciliation.
CfC1/ke- )Je~'l~ ..
Christopher Ian Menzies Turner Michael John McCliskie
Dated: 21st August 2009
~DIT NEW ~ALANDMana Aroloke Aoteoroa
Auditor's Independent Assurance Report
To the Board of Directors of Network Tasman Limited
Report on Network Tasman Limited's compliance with the Eledricity Distribution(Information Disclosure) Requirements 2008 for the financial year ended
31 March 2009
The Auditor-General is the auditor of Network Tasman Limited (the company). TheAuditor-General has appointed me, John Mackey, using the staff and resources of AuditNew Zealand, to provide an opinion on the compliance of the attached reports FSl to FS3, AV1to AV4, MPl To MP3 and AMl prepared by the company with the Commerce Commission's
Electricity Distribution (Information Disclosure) Requirements 2008 (the Requirements) for thefinancial year ended 31 March 2009. In this independent assurance report the attached reportsare called the 'disclosure information'.
Respective Responsibilities
The Board of Directors is responsible for preparing disclosure information which complies with theRequirements.
Clause 1 0 of the Requirements requires the Auditor-General to provide an opinion that thedisclosure information prepared by the company complies with and is presented in all materialrespects in accordance with the Requirements for the financial year ended 31 March 2009.
Limitations and Use of this Independent Assurance Report
This independent assurance report has been prepared solely to discharge the Auditor-General'sresponsibilities under the Requirements for the financial year ended 31 March 2009. Thisindependent assurance report is not intended to be used for any purposes, other than that forwhich it was prepared.
Material misstatements, whether caused by fraud or error, are differences or omissions ofamounts and disclosures that would affect a user's overall understanding of the disclosureinformation prepared by the company.
Because of the inherent limitations in evidence gathering procedures, it is possible that fraud,error or non-compliance may occur and not be detected. As the procedures performed for thisengagement are not performed continuously throughout the financial year and the proceduresperformed in respect of the company's compliance with the Requirements are undertaken on atest basis, our engagement cannot be relied on to detect all instances where the company maynot have complied with the Requirements. Our opinion has been formed on the above basis.
Basis of Opinion
The company's financial statements for the year ended 31 March 2009 have been subiect toaudit. The audit opinion on the financial statements for the year ended 31 March 2009 wasunqualified and was dated on 26 June 2009.
Our work has been planned and performed to obtain all the information and explanations weconsidered necessary in order to obtain reasonable assurance that the disclosure informationcomplies with and has been presented in all material respects in accordance with theRequirements. We also included an assessment of the significant estimates and judgements, ifany, made by the company in the preparation of the disclosure information.
Historical Financial and Non-Financial Information
We conducted the engagement in accordance with the International Standard on AssuranceEngagements (New Zealand) 3000: Assurance Engagements Other than Audits or Reviews ofHistorical Financial Information issued by the New Zealand Institute of Chartered Accountants.
Our work in respect of amounts and disclosures that were audited under the financial statementaudit has been limited to agreeing the amounts and disclosures to the underlying records andaudited financial statements of the company.
Our work in respect of amounts and disclosures that were not audited under the financialstatement audit, has been planned and performed to obtain all the information and explanationswe considered necessary in order to obtain reasonable assurance that the disclosure informationhas been presented in all material respects in accordance with the Requirements.
Prospedive Financial and Non-Financial Information
Our work has been limited to assessing whether the information has been presented on a basisconsistent with the regulatory accounting or technical measurement requirements used fordisclosures for the financial year ended 31 March 2009 and the immediately preceding financialyear, and that the information has been calculated based on source data provided by thecompany, whilst acknowledging it is likely that actual results will vary from those forecasted, sinceanticipated events frequently do not occur as expected (and those variations may be significant).We have not performed audit procedures on the source data.
Independence
When carrying out the engagement we followed the independence requirements of theAuditor-General, which incorporate the independence requirements of the New Zealand Instituteof Chartered Accountants. We also complied with the Independent auditor provisions onindependence, as specified in clause 2( 1 ) of the Requirements.
Other than the engagement and the annual audit of the company's financial statements carriedout on behalf of the Auditor-General, we have no relationship with or interests in the company.
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion:
. The company has kept proper records to enable the complete and accurate compilation
of required information, in all material respects, as far as appears from ourexamination of those records; and
. The disclosure information prepared by the company for the financial year ended
31 March 2009 complies with the Requirements.
Historical Financial and Non-Financial Information
In our opinion, the company has:
. presented the historical financial information included in reports FS 1, FS2, FS3, AV1,
AV2, AV3, AV 4, MP2, MP3 and AM 1 for the financial year ended 31 March 2009 thatcomplies with the Requirements, in all material respects; and
. compiled the historical non-financial information included in reports MP1, MP2 and MP3
in accordance with the guidance (if any) issued pursuant to the Requirements, and hascalculated the historical non-financial information based on unaudited source dataprovided by the company.
Prospective Financial and Non-Financial Information
In our opinion, the company has presented the information in reports AM 1 and MP3 on a basisconsistent with the regulatory accounting or technical measurement requirements used fordisclosures for the financial year ended 31 March 2009 and the immediately preceding financialyear, and has calculated the prospective financial and non-financial information based onunaudited source data provided by the company.
cJc:--John MackeyAudit New ZealandOn behalf of the Auditor-GeneralChristchurch
21 August 2009
Matters relating to the electronic presentation of the disclosure information
This audit report relates to the disclosure information of Network Tasman Limited (the company) for the year
ended 31 March 2009 included on the company's website. The company's Board of Directors is responsible forthe maintenance and integrity of the company's website. We have not been engaged to report on the integrityof the company's website. We accept no responsibility for any changes that may have occurred to the disclosureinformation since it was initially presented on the website.
The audit report refers only to the disclosure information named above. It does not provide an opinion on anyother information which may have been hyperlinked to or from this disclosure information. If readers of this report
are concerned with the inherent risks arising from electronic data communication they should refer to thepublished hard copy of the audited disclosure information and related audit report dated 21 August 2009 toconfirm the information included in the audited disclosure information presented on this website.
Legislation in New Zealand governing the preparation and dissemination of financial information may differ fromlegislation in other jurisdictions.
DocumentS (3).doc
