B. 1 [Px. IV]

ELECTRIC SUPPLY ACCOUNT. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1940.

9

Gross Revenue Account. To Generating-expenses (hydro-electric) £ s. d. £ s. d. By Sales of electrical energy — £ s. d. £ s. d. £ s. d. Arapunr .. .. .. .. .. .. 31,372 4 7 Bulk for resale .. .. .. .. 1,264,605 13 2 Horahora .. .. .. .. .. .. 6,412 12 4 Other than for resale — Mangahao 12,339 16 6 Traction 5,108 15 0 ual •• •• •• •• •• 11,599 2 6 Industrial .. .. .. 43,919 7 2 „ j. „ 61,723 15 11 Retail .. .. .. .. 3,015 9 1 Ueneratrng-expenses (fuel) — j 52 043 11 3 •• , 307 1 6 ' 1,316,649 4 5 Waihi Grand Junction . . .. .. .. .. Rents Huntly .. .. .. .. .. .. 35 10 9 Land and buildings .. .. .. ] .. 10,378 4 3 t, , . , „ 342 12 3 Lines and plant .. .. .. j .. 571 0 4 -Purchase of power m bulk .. .. .. .. .. 103,638 13 3 10,949 4 7 Standby charges .. .. .. .. .. .. 65,304 8 9 Miscellaneous revenue .. .. .. .. .. 900 13 5 231,009 10 2 Transmission and communication system : Patrol and main- .. 31,775 14 3 tenance Substations: Operation and maintenance .. .. .. 34,422 10 0 Distribution: Maintenance .. .. .. .. .. 2,048 16 4 System operation, testing, &c. .. .. .. .. .. 13,827 6 2 Management and general expenses .. .. .. .. 54, 930 17 3 Balance, to Net Revenue and Appropriation Account .. 960 484 8 3 £1,328,499 2 5 £1,328,499 2 5 — ' Net Revenue and Appropriation Account. . - _ £ s. d. £ s. d. £ s d To Interest (gross) for year ended 31st March, 1940 .. .. 364,664 5 7 ! By Balance from Gross Revenue Account .. .. 960 484 8 3 Less interest capitalized .. .. .. .. 19,456 19 3 345,207 6 4 j Depreciation on completed works .. .. .. .. 15,476 15 10 Sinking Fund .. .. .. .. .. .. .. 3 4 Reserve Fund .. .. .. .. .. .. 181,248 2 9 j ' £960,484 8 3 j; £960,484 8 3