2730 NEW ZEALAND GAZETTE No. 109

HAWKE'S BAY NETWORK LIMITED - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ending 31 March 2000

18 FURTHER INFORMATION CONTINUED

The following information is required to be disclosed in the Financial Statements under regulation 6 of the Electricity (Information Disclosure) Regulations 1999.

Operating Revenue
Revenue from line/access charges: 2000 1999
$000 $000
Rebates to consumers due to ownership interest: 31,361 31,404
Revenue from "Other" business for services carried out by the line business
(transfer payment) (1,400) 0
Interest on cash, bank balances and short term investments 95 0
AC loss-rental rebates 773 946
Other revenue not listed in (a) to (d) 1,226 660
Total operating revenue 32,055 33,256

Expenditure (Schedule 1, Part 2)

Operating Expenditure 2000 1999
$000 $000
Payment for Transmission Charges 12,972 12,963

Asset maintenance 2,030 3,549
Consumer disconnection/reconnection services 0 0
Meter data 0 0
Consumer-based load control services 0 0
Avoided transmission charges on account of own generation 0 0
Other goods and services not listed in (i) to (vi) above 0 0
Total transfer payment to the "Other" business 2,030 3,549

Expense to entities that are not related parties for:
Asset maintenance 679 0
Consumer disconnection/reconnection services 0 0
Meter data 0 0
Consumer-based load control services 0 0
Royalty and patent expenses 0 0
Total of specified expenses to non-related parties (sum of (i) to (vi)) 679 0
Employee salaries, wages and redundancies 3,985 2,047
Consumer billing and information system expense 0 82
Depreciation on:
System fixed assets 3,929 1,985
Other assets not listed in (i) 694 1,149
Total depreciation 4,623 3,216

Amortisation of:
Goodwill 0 0
Other intangibles 0 0
Total amortisation of intangibles 0 0

Corporate and administration 639 764
Human resource expenses 35 0
Marketing/advertising 77 48
Merger and acquisition expenses 0 0
Takeover defence expenses 15 0
Research and development expenses 106 290
Consultancy and legal expenses 0 0
Donations 150 150
Directors' fees 1,022 1,252