4 OCTOBER NEW ZEALAND GAZETTE 3335

8 REVENUE

a Revenue from line/access charges
i Revenue from line/access charges invoiced to consumers by electricity retailers who are not in prescribed business relationships with the line owner: 484,446
ii Revenue from line/access charges invoiced to consumers by that line owner: 11,728,343 14,096,149

b Revenue from "Other" business for services carried out by the line business (transfer payment): 601,090 -

c Income from interest on short term investments: (2,570) -

d AC loss-rental rebates: 469,253 -

e Electricity Hedges: 236 -

f Other revenue not listed in (a) to (e): 236,946 163,330

**TOTAL REVENUE**                   13,517,508  14,259,479

9 EXPENDITURE

a Payment for transmission charges: 4,128,268 4,145,910

b Expense of asset maintenance carried out by "Other" business (transfer payments): 946,460 3,389,238

c Expense of consumer disconnection's and reconnections carried out by "Other" business (transfer payment):

(Amount not listed)

d Expense of providing meter data carried out by "Other" business (transfer payment): 132,500 -

e Expense of providing consumer based load control services carried out by "Other" business (transfer payment): 29,779 -

f Expense of avoided transmission charges on account of own generation (transfer payment): 1,259,162 -

g Expense of other goods and services provided by "Other" business (transfer payment): 743,222 65,664

h Expenses to non-related entities for asset maintenance services: 424,108 -

i Expenses to non-related entities for disconnection's/reconnections services:

(Amount not listed)

j Payment to non-related entities for providing meter data:

(Amount not listed)

k Payment to non-related entities for providing consumer-based load control services:

(Amount not listed)

l Employee salaries and redundancies: 1,362,928 -

m Consumer billing and information system expense: 33,708 -

n Depreciation expense on system fixed assets: 923,940 -

o Depreciation on capital works under construction:

(Amount not listed)

p Total depreciation expense: 1,161,802 1,332,196

q Corporate and administration: 658,239 1,155,809

r Total other human resource expense: 150,413 -

s Marketing/advertising: 39,118 -

t Merger and acquisition expenses:

(Amount not listed)

u Takeover defence expenses:

(Amount not listed)

v Research and development expenses:

(Amount not listed)

w Consultancy and legal expense: 173,856 -

x Electricity Hedges:

(Amount not listed)

y Amortised goodwill:

(Amount not listed)

z Subvention payments:

(Amount not listed)

za Other expenditure not listed in (a) to (z): 693,631 -

**TOTAL EXPENDITURE**                   11,937,194  10,088,817

10 EARNINGS BEFORE INTEREST AND TAX (total revenue minus total expenditure): 1,580,314 4,170,662

11 INTEREST EXPENSE 18,081 231,715

12 TAXATION EXPENSE 586,825 1,271,736

13 NET PROFIT AFTER TAX 975,408 2,667,211