8 SEPTEMBER NEW ZEALAND GAZETTE 3185

NOTES TO THE FINANCIAL STATEMENTS

11 Operating revenue
a Revenue from line/access charges 4,746,635 4,534,964
b Revenue from "Other" business for services carried out by
the line business (transfer payment) 0 0
c Interest on cash, bank balances and short term investments: 103,024 111,783
d AC loss-rental rebates 157,646 248,850
e Other revenue not listed in (a) to (d) 0 11,865
f Total operating revenue 5,007,305 4,907,482

12 Operating expenditure
a Payment for transmission charges 1,607,629 1,576,129
b Transfer payments to the "Other" business for:
(i) Asset maintenance 569,691 881,687
(ii) Consumer disconnection/reconnection services 0 0
(iii) Meter data 5,245 0
(iv) Consumer-based load control services 6,000 0
(v) Royalty and patent expenses 0 0
(vi) Avoided transmission charges on account of own generation 0 0
(vii) Other goods and services not listed in (i) to (vi) above 16,440 115,851
(viii) Total transfer payment to the "Other" business 597,376 997,538
c Expense to entities that are not related parties for
(i) Asset maintenance 0 0
(ii) Consumer disconnection/reconnection services 0 0
(iii) Meter data 3,600 0
(iv) Consumer-based load control services 0 0
(v) Royalty and patent expenses 0 0
(vi) Total of specified expenses to non-related parties (sum of (i) to (v)) 3,600 0
d Employee salaries, wages and redundancies 216,555 258,153
e Consumer billing and information system expense 17,112 261,989
f Depreciation on:
(i) System fixed assets 253,022 228,111
(ii) Other assets not listed in (i) 54,506 140,761
(iii) Total depreciation 307,528 368,872
g Amortisation of:
(i) Goodwill 0 0
(ii) Other intangibles 0 0
(iii) Total amortisation of intangibles 0 0
h Corporate and administration 315,730 178,708
i Human resource expenses 10,682 10,682
j Marketing/advertising 16,111 12,196
k Merger and acquisition expenses 0 0
l Takeover defence expenses 774 37,889
m Research and development expenses 0 0
n Consultancy and legal expenses 72,000 0
o Donations 0 0
p Directors' fees 0 0
q Auditors' fees
(i) Audit fees paid to principal auditors 26,500 0
(ii) Audit fees paid to other auditors 1,030 0
(iii) Fees paid for other services provided by principal and other auditors 4,000 0
(iv) Total auditors' fees 31,530 0
r Costs of offering credit
(i) Bad debts written off 0 0
(ii) Increase in estimated doubtful debts 0 0
(iii) Total cost of offering credit 0 0
s Local authority rates expense 7,070 0
t AC loss-rentals (distribution to retailers/customers) expense 0 0