4002 NEW ZEALAND GAZETTE, No. 159 29 NOVEMBER 2010

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

4. Expenditure on Activities

Transmission charges | - | - |
Transfer payments to "Other Transpower Businesses" | - | - |
Asset maintenance | - | - |
Disconnection/reconnection services | - | - |
Metering data | 2,295 | 2,961 |
Consumer-based load control services | - | - |
Royalty and patent expenses | - | - |
Avoided transmission charges on account of own generation | - | - |
Other - IT support | - | - |
Other - insurance | 9,254 | 9,226 |
Total | 11,549 | 12,187 |

Expenses to entities that are not related parties for:
Asset maintenance | 130,844 | 128,961 |
Disconnection/reconnection services | - | - |
Information technology costs | 13,198 | 16,104 |
Metering data | - | - |
Consumer-based load control services | - | - |
Royalty and patent expenses | - | - |
Total | 144,042 | 145,065 |

Employee salaries and redundancies | 37,102 | 36,929 |
Consumer billing and information system expense | 47 | 285 |
Depreciation | | |
Depreciation of system assets| 119,784 | 117,334 |
Depreciation of other assets | 6,792 | 7,447 |
Total | 126,576 | 124,781 |

Amortisation of:
Other intangibles | 7,046 | 6,190 |
Total | 7,046 | 6,190 |

Corporate and administration expenses | 13,314 | 12,925 |
Human resource expenses | 5,778 | 5,375 |
Marketing / advertising expenses | 380 | 335 |
Merger and acquisition expenses| - | - |
Takeover defence expenses | - | - |
Research and development expenses | - | - |
Legal and consultancy expenses | 9,327 | 10,827 |
Study grants and donations | 1,253 | 1,361 |
Directors’ fees | 506 | 556 |
Audit fees | | |
Audit fees paid to principal auditors | 333 | 315 |
Audit fees paid to other auditors | - | - |
Fees paid for other services provided by principal and other auditors | 161 | 60 |
Total | 494 | 375 |

Cost of offering credit | | |
Bad debts written off | 1 | 1 |
Increase in estimated doubtful debts | 1 | - |
Total | 1 | 1 |

Local authority rates expense | 3,136 | 2,927 |
AC loss-rental rebates (distributed to retailers/customers) expense | - | - |
Rebates to consumers due to ownership interests | 7,226 | 27,452 |
HVDC share of reserves | - | - |
Subvention payments | - | - |
Unusual expenses | | |
Other expenses not listed - Industry related expenses | 8,460 | 8,032 |
Other expenses not listed - Stock and asset write-offs | 5,414 | 7,191 |
Total operating expenses | 381,651 | 402,795 |