2872 NEW ZEALAND GAZETTE No. 111

                                                                                         2001          2000
                                                                                         $000          $000

(c) Payments to non-related entities for:
(i) asset maintenance - 10
(ii) consumer disconnections and reconnections - -
(iii) meter data - -
(iv) consumer-based load control - -
(v) royalty and patent expenses - -

(vi) total of specified expenses to non-related parties                              -            10

(d) Employee salaries, wages and redundancies - -

(e) Consumer billing and information system expense - -

(f) Depreciation on:
(i) system fixed assets 6,284 6,260
(ii) other assets not listed in (i) 1 1

(iii) total depreciation expense                                               6,285         6,261

(g) Amortisation of:
(i) goodwill - -
(ii) other intangibles - -

(iii) total amortisation of intangibles                                            -             -

(h) Corporate and administration 743 763

(i) Human resource expenses - -

(j) Marketing and advertising 83 -

(k) Merger and acquisition expenses - -

(l) Take-over defence expenses - -

(m) Research and development expenses - -

(n) Consultancy and legal expenses 220 73

(o) Donations - -

(p) Directors’ fees 63 60

(q) Auditor’s fees:
(i) audit fees to principal auditor 20 38
(ii) audit fees to other auditors - -
(iii) fees paid for other services provided by principal and other auditors - -

(iv) total auditor’s fees                                                          20            38

(r) Cost of offering credit:
(i) bad debts written off - -
(ii) increase in estimated doubtful debts - -

(iii) total cost of offering credit                                                 -             -

(s) Local Authority rates expense 97 88

(t) AC loss rental rebates paid to retailers 1,981 -

(u) Rebates to consumers due to ownership interest - -

(v) Subvention payments 2,055 2,000

(w) Unusual expenses - -

(x) Other expenditure not listed in (a) to (w) - -

13. Total Operating Expenditure (sum (12(a) to 12(x)) 37,350 35,304

• The accompanying notes form an integral part of these financial statements.