3654 NEW ZEALAND GAZETTE, No. 124 30 OCTOBER 2006

9 Equity
(a.) Shareholders’ equity -
(i) Share capital 18,000 18,000
(ii) Retained earnings 8,818 8,670
(iii) Reserves 64,078 64,077
(iv) Total shareholders’ equity 90,896 90,747
(b.) Minority interests in subsidiaries
(c.) Total equity 90,896 90,747
(d.) Capital notes
(e.) Total capital funds 90,896 90,747

10 Total Equity and Liabilities 108,141 107,807

11 Operating revenue
(a.) Revenue from line/access charges 22,253 21,889
(b.) Line charge discount to consumers (8,325) (7,000)
(c.) Revenue from “other” business for services carried out by the line business (transfer payment)
(d.) Interest on cash, bank balances, and short-term investments 113 16
(e.) AC loss-rental rebates 1,136 437
(f.) Other operating revenue not listed in (a) to (d) 331 471
(g) Total operating revenue 15,508 15,813

12 Operating expenditure
(a.) Payment for transmission charges 5,745 5,812
(b.) Transfer payments to the “other” business for:
(i) Asset maintenance 1,659 1,563
(ii) Consumer disconnection/reconnection services
(iii) Meter data
(iv) Consumer-based load control services
(v) Royalty and patent expenses
(vi) Avoided transmission charges on account of own generation
(vii) Other goods and services not listed in (i) to (vi) 17
(viii) Total transfer payment to the “other” business 1,676 1,563

(c.) Expense to entities that are not related parties for:
(i) Asset maintenance 971 1,000
(ii) Consumer disconnection/reconnection services
(iii) Meter data - EMS 4
(iv) Consumer-based load control services
(v) Royalty and patent expenses
(vi) Total of specified expenses to non-related parties 975 1,000

(d.) Employee salaries, wages and redundancies 764 838
(e.) Consumer billing and information systems
(f.) Depreciation on:
(i) System fixed assets 3,669 3,342
(ii) Other assets not listed in (i) 212 564
(iii) Total depreciation 3,881 3,906

(g.) Amortisation of:
(i) Goodwill
(ii) Other intangibles
(iii) Total amortisation of intangibles

(h.) Corporate and administration 516 579
(i.) Human resource expenses 89 97