Buller Electricity Limited

Line Business Financial Statements

Statement of Financial Performance Disclosure (Schedule 1, Part 2)

11 Operating revenue

(a) Revenue from line/access charges | 4,686,450 | 4,095,582 |
(b) Revenue from “Other” business (transfer payment) | 0 | 0 |
(c) Income from interest on bank & short term investments | 207,657 | 225,986 |
(d) AC loss rental rebates | 85,065 | 237,321 |
(e) Other operating revenue not listed in (a) to (d) | 13,073 | 121,045 |
(f) Total operating revenue | 4,992,245 | 4,679,934 |

12 Operating expenditure

(a) Transmission Charges | 1,683,459 | 1,670,883 |

(b) Transfer payments to “Other” business

(i) Asset maintenance | 771,980 | 808,171 |
(ii) Consumer disconnections and reconnections | 2,393 | 1,441 |
(iii) Meter data | 0 | 0 |
(iv) Consumer based load control | 228 | 5,953 |
(v) Royalty and patent expenses | 0 | 0 |
(vi) Avoided transmission charges for own generation | 0 | 0 |
(vii) Other goods & services not listed in (i) to (vi) | 0 | 0 |
(viii) Total transfer payment to the “Other” business | 774,601 | 815,565 |

(c) Payments to non-related entities

(i) Asset maintenance | 52,225 | 0 |
(ii) Consumer disconnections and reconnections | 0 | 0 |
(iii) Meter data | 0 | 0 |
(iv) Consumer based load control | 0 | 0 |
(v) Royalty and patent expenses | 0 | 0 |
(vi) Total of specified expenses for non-related parties | 52,225 | 0 |

(d) Employee salaries, wages and redundancies | 663,831 | 430,702 |
(e) Consumer billing and information system expense | 23,383 | 25,849 |

(f) Depreciation on

(i) System fixed assets | 299,288 | 293,965 |
(ii) Other assets not listed in (i) | 58,704 | 43,245 |
(iii) Total depreciation expense | 357,992 | 337,210 |

(g) Amortisation of

(i) Goodwill | 0 | 0 |
(ii) Other intangibles | 0 | 0 |
(iii) Total amortisation of intangibles | 0 | 0 |

(h) Corporate and administration | 192,836 | 195,959 |
(i) Human resource expense | 20,253 | 29,491 |
(j) Marketing and advertising | 29,694 | 4,463 |
(k) Merger and acquisition expenses | 0 | 0 |
(l) Takeover defence expenses | 0 | 0 |
(m) Research and development expenses | 0 | 0 |
(n) Consultancy and legal expenses | 27,271 | 200,012 |
(o) Donations | 34,362 | 35,555 |
(p) Directors fees | 62,705 | 62,750 |

(q) Audit fees

(i) Audit fees paid to principal auditors | 25,001 | 18,200 |
(ii) Audit fees paid to other auditors | 450 | 0 |
(iii) Fees paid for other services provided by auditors | 50,733 | 36,334 |
(iv) Total auditors fees | 76,184 | 54,534 |

(r) Costs of offering credits

(i) Bad debts written off | 0 | 0 |
(ii) Increase in estimated doubtful debts | 0 | 0 |
(iii) Total costs of offering credit | 0 | 0 |