2540 NEW ZEALAND GAZETTE No. 102

Depreciation on -
System fixed assets 2,152 2,135
Other assets not listed 677 582
Total depreciation 2,829 2,717

Amortisation of -
Goodwill - -
Other intangibles - -
Total amortisation of intangibles - -

Corporate and administration 676 1,198
Human resource expenses 394 371
Marketing/advertising 192 415
Merger and acquisition expenses - -
Research and development expenses - -
Consultancy and legal expenses 110 100
Donations - -
Directors’ fees 95 83

Auditors’ fees -
Audit fees paid to principal auditors 34 26
Audit fees paid to other auditors - -
Fees paid for other services provided by the principal & other auditors 10 5
Total auditors’ fees 44 31

Cost of offering credit -
Bad debts written off 45 64
Increase in estimated doubtful debts 6 -
Total cost of offering credit 51 64

Local authority rates expense 18 25
AC loss-rental rebates (distribution to retailers/customers) expense - -
Customer discounts 2,330 2,534
Subvention payments - -
Unusual expenses - -
Loss on disposal of fixed assets 66 13
Gain on disposal of fixed assets - (1)
Other expenditure not listed 1,446 391

Total Operating Expenditure 16,316 16,160

Interest Expense:
Interest expense on borrowings 427 448
Financing charges related to finance leases - -
Other interest expense - -
Total Interest Expense 427 448