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Notes to the Financial Statements for the year ended 30 June 2005 The total amount of excess between the market values and accrued benefits of the plans, has been recognised as a receivable in the Statement of Financial Position (refer note 8). Where the plans accrued benefits exceed the market values, a liability has been recognised in the Statement of Financial Position (refer note 18). The movement during the year being an increase in the excess has been recognised as revenue in the Statement of Financial Performance. The components of the amounts disclosed in the Statement of Financial Performance are as follows: 2005 2004 $’000 $’000 Contribution valuation adjustment (13,241) (6,403) Superannuation cost 18,958 16,822 5,717 10,419 96 NOTE 30. JOINT VENTURE Country Energy has a 20% participating joint venture interest in a wind farm. Consolidated Corporation 2005 2004 2005 2004 $’000 $’000 $’000 $’000 The Corporation’s share of the assets employed in the joint venture is included in the consolidated Statement of Financial Position under the classification of Non-Current Assets - property, plant and equipment. 1,519 1,587 1,519 1,587 NOTE 31. CONTINGENT LIABILITIES There are no known contingent liabilities that would impact on the state of affairs of the economic entity or have a material effect on these financial statements. NOTE 32. EVENTS SUBSEQUENT TO BALANCE DATE On 1 July 2005 pursuant to section 84 of the Electricity Supply Act 1995, the boundaries of Country Energy were altered to include the distribution district of the former Australian Inland Energy Water Infrastructure. Also on that date, pursuant to section 14 of the Energy Services Corporations Act 1995, the State Owned Corporation of Australian Inland Energy Water Infrastructure was removed from Schedule 5 of the State Owned Corporations Act 1989. This resulted in the dissolution of that corporation. Also from that date Country Energy replaced Australian Inland Energy Water Infrastructure as the State Owned Corporation listed as a water supply authority under Part 3 of Schedule 3 of the Water Management Act 2000. As a result of these administrative changes, on 1 July 2005 the net assets and equity of Country Energy were increased by the amounts of net assets and equity held by Australian Inland Energy Water Infrastructure on 30 June 2005. The operating activities of Country Energy also increased by a factor equivalent to the sum of the operating activities of Australian Inland Energy Water Infrastructure. END OF AUDITED FINANCIAL STATEMENTS COUNTRY ENERGY ANNUAL REPORT 2004–2005
Customer information The following publications are available at www.countryenergy.com.au, from customer service centres or through our call centre on 13 23 56. Network and pricing Capital contributions Electricity network services pricing and service Information Package 2001 Electricity Supply Standard Network price list August 2002 Reimbursement scheme for rural and large load customers Electricity Network Performance Report Wagga Wagga Gas Network Pricing 2005 Adelong, Gundagai and Tumut Gas Transportation Charges November 2004 Bombala and Cooma Gas Transportation Charges November 2004 SW Slopes Gas Transportation Charges November 2004 CE Gas Access Arrangement Wagga Wagga Gas Network 1999 Proposed network improvements Electricity System Development Review 2002 Joint TransGrid and Country Energy request for proposals for demand management or local generation on the Mid North Coast Retail regulation Country Energy regulated retail price list – July 2005 Standard form customer supply contract (Electricity) Summary for small retail customers of standard form electricity connection contract Your rights regarding bills and charges for electricity Standard form customer connection contract Negotiated short form customer connection contract Standard Form Contract – terms and conditions for the supply of natural gas Summary for small retail customers of Country Energy Standard form gas contract Your rights regarding bills and charges for gas Electricity Industry Guideline No.13: Greenhouse gas disclosure on electricity customers’ bills Guideline No.10: Confidentiality and explicit informed consent – electricity and gas Victorian Interim Operating Procedure – wrongful disconnections Corporate Annual Report 2003-2004 Bushfire risk management Connecting to the electricity network Country Energy’s Privacy Policy Environment Policy Identifying potential cogeneration sites Sponsorship Guidelines Statement of Affairs for the Period Ending 30 June 2003 Vegetation Management Plan What all residents should know about living with electricity easements What to do if the lights go out Safety Christmas lights safety checklist Customer Installation Safety Plan Electrical hazard awareness Electrical Safety Rules Code of Practice Health and Safety Policy Keep structures a safe distance Public Electrical Safety Awareness Plan Safety first handbook Natural gas safety and you Structures near powerlines Safety fact sheets 97 COUNTRY ENERGY ANNUAL REPORT 2004–2005
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Becoming Australia’s leading util
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Priorities in 2004-2005 Country Ene
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A leader in safety 5 COUNTRY ENERGY
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Detailed audit schedules have been
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Workers compensation In addition to
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A successful national retailer 11 C
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Looking inside We recognise that ou
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This resulted in the campuses reduc
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The best network manager 17 COUNTRY
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The table below highlights some exa
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• Large snowfalls in the Snowy Mo
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Vegetation management The managemen
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Information services In addition to
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A responsible environmental manager
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One of the most rewarding aspects o
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Our increasing involvement in proje
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Waste management A code of practice
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A valued part of the community 35 C
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Increased presence Our program of r
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Nu 1000 0 2002-2003 2003-2004 2004-
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Sponsorship spend $82,424 $125,000
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An employer of choice 43 COUNTRY EN
Page 45 and 46: Apprentices by region / operational
Page 47 and 48: Employees also initiated a fundrais
Page 49 and 50: Employee assistance program Country
Page 51 and 52: Our Executive Craig Murray - Managi
Page 53 and 54: Director Current appointment Board
Page 55 and 56: Risk management Country Energy appr
Page 57 and 58: Executive remuneration At the end o
Page 59 and 60: Consultants A total of $1.3 million
Page 61 and 62: • Electricity Industry Act 2000 N
Page 63 and 64: Financial statements contents Indep
Page 65 and 66: Statement by Members of the Board 6
Page 67 and 68: Statement of Financial Position as
Page 69 and 70: Notes to the Financial Statements f
Page 95: Notes to the Financial Statements f
Page 99 and 100: Index A Achievements inside cover A
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