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 | 4,848,060 | 4,991,323 |
(b) Revenue from "Other" business (transfer payment) | 6,327 | 84 |
(c) Income from interest on bank & short term investments | 437 | 113,353 |
(d) AC loss rental rebates | 70,474 | 113,343 |
(e) Other operating revenue not listed in (a) to (d) | 149,251 | 230,314 |
(f) Total operating revenue | 5,074,549 | 5,448,417 |

12 Operating expenditure

(a) Transmission Charges | 1,944,759 | 1,804,057 |
(b) Transfer payments to "Other" business |
(i) Asset maintenance | 551,574 | 910,144 |
(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) Avoided transmission charges for own generation | 0 | 0 |
(vii) Other goods & services not listed in (i) to (vi) above | 0 | 0 |
(viii) Total transfer payment to the "Other" business | 551,574 | 910,144 |

(c) Payments to non-related entities |
(i) Asset maintenance | 91,770 | 135,820 |
(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 to non-related parties | 91,770 | 135,820 |

(d) Employee salaries, wages and redundancies | 451,245 | 503,577 |
(e) Consumer billing and information system expense | 0 | 0 |
(f) Depreciation on |
(i) System fixed assets | 713,143 | 323,384 |
(ii) Other assets not listed in (i) | 83,167 | 60,775 |
(iii) Total depreciation expense | 796,310 | 384,159 |

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

(h) Corporate and administration | 257,062 | 202,463 |
(i) Human resource expense | 32,824 | 29,692 |
(j) Marketing and advertising | 0 | 0 |
(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 | 2,660 | 26,516 |
(o) Donations | 38,263 | 35,304 |
(p) Directors fees | 77,917 | 78,000 |
(q) Audit fees |
(i) Audit fees paid to principal auditors | 29,000 | 25,879 |
(ii) Audit fees paid to other auditors | 0 | 0 |
(iii) Fees paid for other services provided by auditors | 117,983 | 54,306 |
(iv) Total auditors fees | 146,983 | 80,185 |

(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 |

(s) Local authority rates | 11,553 | 10,861 |
(t) AC loss-rental rebates expense | 0 | 0 |