3 SEPTEMBER

NEW ZEALAND GAZETTE

2961

Operating Revenue (Schedule 1, Part 2)

para 11

Operating revenue

(a) Revenue from line/access charges: | 7,503 |
(b) Revenue from “Other” business for services carried out by the line business (transfer payment): | 0 |
(c) Interest on cash, bank balances and short term investments: | 580 |
(d) AC loss-rental rebates: | 544 |
(e) Other revenue not listed in (a) to (d): | 20 |
(f) Total operating revenue: | 8,627 |

Comparative figures for 2000: |
(a) 7,392 |
(c) 375 |
(d) 152 |
(e) 5 |
Total: | 7,924 |

Expenditure (Schedule 1, Part 2)

para 12

Operating expenditure

(a) Payment for transmission charges: | 3,051 |
(b) Transfer payments to the “Other” business for: |
Asset maintenance: | 0 |
(ii) Consumer disconnection/reconnection services: | 0 |
(iii) Meter data: | 0 |
(iv) Consumer-based load control services: | 0 |
(v) Royalty and patent expenses: | 0 |
(vi) Avoided transmission charges on account of own generation: | 0 |
(vii) Other goods and services not listed in (i) to (vi) above: | 0 |
Total transfer payment to the “Other” business: | 0 |

(c) Expense to entities that are not related parties for: |
(i) Asset maintenance: | 417 |
(ii) Consumer disconnection/reconnection services: | 0 |
(iii) Meter data: | 0 |
(iv) Consumer-based load control services: | 0 |
(v) Royalty and patent expenses: | 0 |
Total of specified expenses to non-related parties (sum of (i) to (v)): | 417 |

(d) Employee salaries, wages and redundancies: | 248 |
(e) Consumer billing and information system expense: |
(f) Depreciation on: |
(i) System fixed assets: | 384 |
(ii) Other assets not listed in (i): | 38 |
Total depreciation: | 422 |

(g) Amortisation of: |
(i) Goodwill: | 0 |
(ii) Other intangibles: | 919 |
Total amortisation of intangibles: | 919 |

(h) Corporate and administration: |
(i) Human resource expenses: | 100 |

(k) Merger and acquisition expenses: | 0 |
(l) Takeover defence expenses: | 0 |
(m) Research and development expenses: | 0 |
(n) Consultancy and legal expenses: | 92 |

(o) Donations: | 0 |
(p) Directors’ fees: | 38 |

(q) Auditors’ fees: |
(i) Audit fees paid to principal auditors: | 7 |
(ii) Audit fees paid to other auditors: | 0 |
(iii) Fees paid for other services provided by principal and other auditors: | 3 |
Total auditors’ fees: | 10 |

(r) Costs of offering credit: |
(i) Bad debts written off: | 0 |
(ii) Increase in estimated doubtful debts: | 0 |
Total cost of offering credit: | 0 |

(s) Local authority rates expense: | 8 |
(t) AC loss-rentals (distribution to retailers/customers) expense: | 0 |
(u) Rebates to consumers due to ownership interest: | 0 |
(v) Subvention payments: | 0 |
(w) Unusual expenses: | 0 |
(x) Other expenditure not listed in (a) to (w): | 0 |

Total operating expenditure: | 5,305 |

Operating surplus before interest and income tax: | 3,322 |

Interest Expense

para 15

(a) Interest expense on borrowings: | 140 |
(b) Financing charges related to finance leases: | 0 |
(c) Other interest expense: | 0 |
(d) Total interest expense: | 140 |

Operating surplus before income tax: | 3,182 |

Income tax: | 1,389 |

Net surplus after tax: | 1,793 |

Comparative figures for 2000: |
(a) Payment for transmission charges: | 2,795 |
(b) Transfer payments to the “Other” business: | 0 |
(c) Total of specified expenses to non-related parties: | 336 |
(d) Employee salaries, wages and redundancies: | 182 |
(e) Consumer billing and information system expense: | -
(f) Total depreciation: | 417 |
(n) Consultancy and legal expenses: | 39 |
(p) Directors’ fees: | 35 |
(q) Total auditors’ fees: | 27 |
(r) Total cost of offering credit: | 0 |
(s) Local authority rates expense: | 8 |
Total operating expenditure: | 4,957 |

Operating surplus before interest and income tax: | 2,967 |

Interest expense: | 166 |
Operating surplus before income tax: | 2,801 |
Income tax: | 1,253 |
Net surplus after tax: | 1,548 |