5 SEPTEMBER

NEW ZEALAND GAZETTE

3045

2 REVENUE

a) Revenue from line / access charges;

(i) Revenue invoiced to customers by electricity retailer          14,114,770     13,011,293

(ii) Revenue invoiced to customers by line owner                     0              0

b) Revenue for services carried out by the line business 0 0

c) Income from interest on cash, bank balance and short term investments 0 0

d) AC loss - rental rebates 775,743 251,980

e) Other Revenue not listed in (a to d) 371,587 493,435

f) Total Operating Revenue 15,262,100 13,756,708

3 OPERATING EXPENDITURE

a) Transmission Charges 4,432,674 3,954,322

b) Transfer Payments to "Other" Business

i) Asset Maintenance                                        670,489      1,117,141

ii) Consumer Disconnection and Reconnections Services             0              0

iii) Meter Data                                              0              0

iv) Consumer - based load control Services                    27,250         22,361

v) Royalty and Patent expense                                 0              0

vi) Avoided transmission charges for own generation              0              0

vii) Other Goods and Services not listed in (i to vi)             0              0

viii) Total transfer payment to the "Other" Business           697,739      1,139,502

c) Expense to entities that are not related parties for -

i) Asset Maintenance                                       116,783         51,205

ii) Consumer Disconnection and Reconnections Services            0              0

iii) Meter Data                                             0              0

iv) Consumer - based load control Services                     7,648         13,553

v) Royalty and Patent expense                                 0              0

vi) Total of specified expenses to non-related parties        124,431         64,758

d) Employee Salaries and Redundancies 1,294,078 1,247,540

e) Consumer billing and information system expense 0 0

f) Depreciation on -

i) System fixed assets                                   2,399,179      2,387,932

ii) Other system assets not listed in (i)                    358,642        410,842

iii) Total Depreciation                                  2,757,821      2,778,774

g) Amortised of -

i) Goodwill                                               0              0

ii) Other Tangibles                                        0              0

iii) Total amortisation of Intangibles                       0              0

h) Corporate and Administration 233,062 81,673

i) Human Resource expenses 17,374 17,974

j) Marketing and advertising 15,962 16,579

k) Merger and acquisition expenses 0 0

l) Takeover defence expense 0 0

m) Research and development expenses 0 0