NEW ZEALAND GAZETTE

No. 104

11 Operating revenue

a Revenue from line/access charges ... 17,855 ... 12,213

b Revenue from "Other" business for services carried out by the line business (transfer payment): ... 682 ... -

c Interest on cash, bank balances and short term investments: ... 173 ... 601

AC loss-rental rebates: ... 227 ... (3)

d -

f Other revenue not listed in (a) to (d): ... 769 ... 237

g Total operating revenue ... 19,706 ... 13,517

12 Operating expenditure

a Payment for transmission charges: ... 3,226 ... 4,128

b Transfer payments to the "Other" business for:

(i) Asset maintenance: ... 1,225 ... 948

(ii) Consumer disconnection/reconnection services: ... - ... -

(iii) Meter data: ... - ... 133

(iv) Consumer based load control services: ... 11 ... 30

(v) Royalty and patent expenses: ... - ... -

(vi) Avoided transmission charges on account of own generation: ... 61 ... 1,259

(vii) Other goods and services not listed in (i) to (vi) above: ... 652 ... 743

Total transfer payment to the "Other" business ... 1,949 ... 3,111

c Expense to entities that are not related parties for:

(i) Asset maintenance: ... 420 ... 424

(ii) Consumer disconnection/reconnection services: ... - ... -

(iii) Meter data: ... - ... -

(iv) Consumer based load control services: ... - ... -

(v) Royalty and patent expenses: ... - ... -

Total of specified expenses to non-related parties (sum of (i) to (v)) ... 420 ... 424

d Employee salaries, wages and redundancies: ... 1,631 ... 1,363

e Consumer billing and information system expense: ... 128 ... 34

f Depreciation on:

(i) System fixed assets: ... 929 ... 924

(ii) Other assets not listed in (i) ... 290 ... 238

Total depreciation: ... 1,219 ... 1,162

g Amortisation of:

(i) Goodwill: ... -

(ii) Other intangibles: ... -

Total amortisation of intangibles ... -

h Corporate and administration: ... 447 ... 658

i Human resource expense: ... 178 ... 150

j Marketing/advertising: ... 78 ... 39

k Merger and acquisition expenses: ... 272 ... -

l Takeover defence expenses: ... -

m Research and development expenses: ... 48 ... -

n Consultancy and legal expense: ... 192 ... 174

o Donations: ... 19 ... -

p Directors’ fees: ... 90 ... -

q Auditors’ fees:

(i) Audit fees paid to principal auditors ... 37

(ii) Audit fees paid to other auditors ... 4

(iii) Fees paid for other services provided by principal and other auditors: ... 24

Total auditors’ fees: ... 65 ... -

r Costs of offering credit:

(i) Bad debts written off ... -

(ii) Increase in estimated doubtful debts ... -

Total cost of offering credit: ... 71 ... -

s Local Authority rates expense: ... -

t AC loss-rentals (distribution to retailers/customers) expense: ... -

u Rebates to consumers due to ownership interest: ... 5,111 ... -

v Subvention payments: ... -

w Unusual expenses: ... -

x Other expenditure not listed in (a) to (w) ... 1,122 ... 894

Total operating expenditure ... 16,266 ... 11,937

13 Operating surplus

14 Operating surplus before interest and income tax ... 3,440 ... 1,580

15 Interest expense on borrowing’s

a Interest expense on borrowing’s ... 18 ... -

b Financing charges related to finance leases ... -

c Other interest expense ... -

d Total interest expense ... 18 ... -

16 Operating surplus before income tax ... 3,440 ... 1,562

17 Income tax ... 1,172 ... 587

18 Net surplus after tax ... 2,268 ... 975