B.—l [PT. IV]

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

11

Gross Revenue Account. To Generating-expenses (hydro-electric) — £ s. d. £ s. d. By Sales of electrical energy — £ s. d. £ s. d. £ s. d. Lake Coleridge .. .. .. .. .. 1 12,668 3 5 Bulk for resale .. .. .. .. 402,773 19 9 Lake Waitaki .. .. .. .. ... 8,437 8 6 Other than for resale — Kaimata .. .. .. .. .. .. ! 1,215 14 10 Traction .. .. .. .. 21,089 4 11 Monowai .. .. .. .. .. .. 7,709 0 4 Industrial .. .. .. 79,340 15 4 30,030 7 1 Retail .. .. .. .. 96,689 10 4 Generating-expenses (fuel) Dobson .. .. .. .. 12,816 15 8 197,119 10 7 Purchase of power in bulk .. .. .. .. j .. 337 16 11 ! ■ 599,893 10 4 Standby charges .. .. .. .. .. ! .. .. Rents — — Land and buildings .. .. .. .. 3,641 11 4 43,184 19 8 ) Lines and plant .. .. .. .. 785 6 0 Transmission and communication system: Patrol and main- .. 17,281 2 1 ' 4,426 17 4 tenance . i Miscellaneous revenue .. .. .. .. .. 9,291 17 8 Substations: Operation and maintenance .. .. .. 20,671 17 5 Distribution: Maintenance .. ... .. .. .. 19,473 12 10 System operation, testing, &e. .. .. .. .. .. 7,826 12 1 Management and general expenses .. .. .. .. I 66,521 8 7 i Balance, to Net Revenue and Appropriation Account . . .. i 438,652 12 8 £613,012 5 4 : £613,612 5 4 Net Revenue and Appropriation Account. £ s. d. £ s. d. £ s. d. To Interest (gross) for year ended 31st March, 1940 .. .. 252,569 17 10 By Balance from Gross Revenue Account .. .. .. .. .. 438,652 12 8 Less interest capitalized .. .. .. .. i 5,651 0 0 246,918 17 10 Depreciation on completed works .. .. .. .. 124,931 6 1 Sinking Fund .. .. .. .. .. .. .. 66,802 8 9 Reserve Fund £438,652 12 8 £438,652 12 8