4644 NEW ZEALAND GAZETTE No. 194

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:

ii  Revenue from line/access charges invoiced to consumers by that line owner:

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

c Income from interest on short term investments: 191 232

d AC loss-rental rebates:

e Electricity Hedges:

f Other revenue not listed in (a) to (e) Lease revenue and participation fee: 1,467 1,782

g TOTAL REVENUE: 1,658 2,014

9 EXPENDITURE

a Payment for transmission charges:

b Expense of asset maintenance carried out by "Other" business (transfer payments):

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

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

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

f Expense of avoided transmission charges on account of own generation (transfer payment):

g Expense of other goods and services provided by "Other" business (transfer payment):

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

i Expenses to non-related entities for disconnections/reconnections services:

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

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

l Employee salaries and redundancies:

m Consumer billing and information system expense:

n Depreciation expense on system fixed assets: 408

o Depreciation on capital works under construction:

p Total depreciation expense: 411 428

q Corporate and administration: 54 40

r Total other human resource expense:

s Marketing/advertising:

t Merger and acquisition expenses:

u Takeover defence expenses:

v Research and development expenses:

w Consultancy and legal expense:

x Electricity Hedges: 81

y Amortised goodwill:

z Subvention payments:

za Other expenditure not listed in (a) to (z):

zb TOTAL EXPENDITURE: 546 468

10 EARNINGS BEFORE INTEREST AND TAX (total revenue minus total expenditure): 1,112 1,546

11 INTEREST EXPENSE 158 159

12 TAXATION EXPENSE 337 476

13 NET PROFIT AFTER TAX 617 911