Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
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Operating and other<br />
revenue (continued)<br />
Financial statements<br />
<strong>Annual</strong> <strong>Report</strong><br />
<strong>Christchurch</strong> Otautahi<br />
<strong>2010</strong><br />
p157.<br />
Notes to financial statements<br />
2. Operating and other revenue (continued)<br />
(b) Operating and other income<br />
Parent<br />
Group<br />
Note 30 Jun 10 30 Jun 09 30 Jun 10 30 Jun 09<br />
Actual Actual Actual Actual<br />
$000s $000s $000s $000s<br />
Sale of goods 10,209 10,522 33,273 23,926<br />
Rendering of services 33,661 31,822 497,567 469,400<br />
Donated and subsidised assets - - 3,824 7,108<br />
Capital contributions 72 1,130 3,448 5,963<br />
Electricity transmission rental rebates - - 3,451 13,378<br />
Rental income from investment properties - - 9,450 8,351<br />
Other rental revenue 26,933 25,258 62,567 63,056<br />
Dividends from subsidiaries 113,846 36,731 - -<br />
Dividends from associates 1,177 558 - -<br />
Dividends from other entities 35 65 35 65<br />
Government grants received 1 15,252 550 15,333 1,089<br />
Net foreign exchange gains - - 80 52<br />
Subvention receipts 4,156 6,182 - -<br />
Management fee income - - - 367<br />
Petroleum tax 2,314 2,269 2,314 2,269<br />
Development contributions 12,764 13,786 12,764 13,786<br />
NZ Transport Agency 27,441 35,330 27,441 35,330<br />
Subsidies (excl LTNZ) 795 1,473 795 1,473<br />
Sundry income 29,744 33,721 34,525 40,824<br />
Total operating and other income 278,399 199,397 706,867 686,437<br />
1. Government grants<br />
Parent<br />
Grants received by <strong>Council</strong> in <strong>2010</strong> were as follows:<br />
• Ministry of Economic Development - $15 million towards the<br />
redevelopment of AMI stadium<br />
• Energy and Efficiency & Conservation Authority - $0.085<br />
million An energy intensive business grant towards the<br />
installation of the TriGeneration plant at the new Civic<br />
Building<br />
• New Zealand Fire Service - $0.166 million towards rural fire<br />
trucks<br />
Grants received by <strong>Council</strong> in 2009 were as follows:<br />
• Ministry of Education - $0.6 million related to support for<br />
the Upper Riccarton Library.<br />
Group<br />
In 2009 <strong>Christchurch</strong> <strong>City</strong> Holdings Ltd (parent) received<br />
$0.4 million from the Ministry of Economic Development.<br />
The grants were received to support <strong>Christchurch</strong> <strong>City</strong><br />
Networks Limited in the development of telecommunications<br />
infrastructure in <strong>Christchurch</strong>, and were used by <strong>Christchurch</strong><br />
<strong>City</strong> Holdings Ltd to purchase ordinary shares in <strong>Christchurch</strong><br />
<strong>City</strong> Networks Ltd.<br />
These amounts were recorded as revenue. The amounts<br />
recognised represent what was received during the year. There<br />
are no unfulfilled conditions or other contingencies related to<br />
this revenue.
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