2726 NEW ZEALAND GAZETTE, No. 101 23 JUNE 2008

DISCLOSURE OF INFORMATION RELATING TO FINANCIAL STATEMENTS UNDER THE ELECTRICITY INFORMATION DISCLOSURE REQUIREMENTS 2004, SCHEDULE 1, PART 2

Continued

9. Equity

(a) Shareholders' Equity:-

(i) Share capital | 27,739 | 27,739 | 27,739 | 27,739 | 27,739 |
(ii) Retained earnings | 30,341 | 24,213 | 19,575 | 15,394 | 12,512 |
(iii) Reserves | 160,901 | 109,844 | 107,939 | 107,939 | 82,190 |

(iv) Total Shareholders' Equity (sum of (i) to (iii)) | 218,981 | 161,796 | 155,253 | 151,072 | 122,441 |

(b) Minority Interests in Subsidiaries | - | - | - | - | - |

(c) Total Equity (sum of (a) and (b)) | 218,981 | 161,796 | 155,253 | 151,072 | 122,441 |

(d) Capital Notes | - | - | - | - | - |

(e) Total Capital Funds (sum of (c) and (d)) | 218,981 | 161,796 | 155,253 | 151,072 | 122,441 |

10. Total Equity and Liabilities (Total Assets) | 228,365 | 167,696 | 162,100 | 158,396 | 128,125 |

11. Operating Revenue

(a) Revenue from line/access charges | 34,668 | 31,782 | 30,335 | 28,128 | 27,524 |

(b) Revenue from "Other" business (transfer payment) | - | - | - | - | - |

(c) Interest on Cash, Bank Balances and Short Term Investments | 15 | 106 | 196 | 222 | 140 |

(d) AC Loss-Rental Rebates | 1,104 | 1,255 | 622 | 1,097 | 857 |

(e) Other Operating Revenue Not Listed in (a) to (d) | 4,187 | 3,876 | 3,017 | 1,880 | 1,810 |

(f) Total Operating Revenue | 39,974 | 37,019 | 34,170 | 31,327 | 30,331 |

12. Operating Expenditure

(a) Payment for Transmission Charges |

(i) Transfer payments to the "Other" business for:-

Asset maintenance | 11,171 | 10,251 | 10,067 | 9,659 | 9,376 |

(ii) Consumer disconnection/reconnection services | 6,346 | 5,545 | 3,234 | 2,934 | 3,366 |

(iii) Meter data | - | 11 | 10 | 15 | 15 |

(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) | 850 | 633 | 787 | 853 | 873 |

(viii) Total transfer payment to the Other business (sum of (ii) to (vii)) | 7,196 | 6,189 | 4,031 | 3,802 | 4,254 |

(c) Expense to Entities That Are Not Related Parties for:-

(i) Asset maintenance | 132 | 38 | 281 | 101 | 259 |

(ii) Consumer disconnection/reconnection services | - | - | - | - | - |

(iii) Meter data | - | - | - | - | - |

(iv) Consumer-based load control services | - | - | - | - | - |

(v) Royalty and patent expenses | - | - | - | - | - |

(vi) Total of specified expenses to non-related parties (sum of (i) to (v)) | 132 | 38 | 281 | 101 | 259 |

(d) Employee Salaries, Wages and Redundancies | 2,564 | 2,469 | 2,656 | 2,408 | 1,879 |

(e) Consumer Billing and Information System Expense | 192 | 125 | 127 | 111 | 113 |

(f) Depreciation On:-

(i) System fixed assets | 3,770 | 3,662 | 3,631 | 3,242 | 3,401 |

(ii) Other assets not listed in (i) | 204 | 333 | 323 | 305 | 430 |

(iii) Total depreciation (sum of (i) and (ii)) | 3,974 | 3,995 | 3,954 | 3,547 | 3,831 |