B.—l [FT. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1943, compared with Year ended 31st March, 1942 Gross Revenue Account

Net Revenue and Appropriation Account

2—B. 1 r?T. IV

9

1942-43. 1941-42. 1942-43. 1941-42. £ £ £ j _ £ £ ! £ i £ To Generating-expenses (hydro-electric) — By Sales of electrical energy — Lake Coleridge .. .. .. .. 17,494 14,377 Bulk for resale .. .. 498,623 456,201 Lake Waitaki .. .. .. .. 14,453 10,597 Other than for resale — Kaimata .. .. .. .. 2,136 1,756 Traction .. .. 32,561 27,208 Monowai .. .. .. .. 7,542 7,186 Industrial .. .. 94,933 94,533 41,625 — Retail .... 109,358 108 9 792 33,916 236,852 i 735,475 686,734 Generating-expenses (fuel) Dobson .. .. .. 6,310 6,997 Purchase of power in bulk .. .. .. . . 129 170 Rents — Standby charges .. .. .. .. .. 225 %25 Land and buildings .. .. 4,711 | 4,516 Lines and plant .. . . 502 766 48,289 41,308 : 5,213 Transmission System: Patrol and maintenance .. 20,694 16,926 5,282 Substations: Operation and maintenance .. .. 31,599 24,856 . — Communication System: Patrol and maintenance .. 2,343 1,596 Miscellaneous revenue .. .. .. i 8,754 8,140 Distribution: Maintenance .. .. .. .. 23,892 20,531 System operation, testing, &c. .. .. .. 12,023 12,924 Management and general expenses .. .. .. 62,737 65,249 Balance, to Net Revenue and Appropriation .. 547,865 516,766 Account ! £749,442 £700,156 \ I £749,442 £700,166

194-2-43. 1941-42. | 1942-43. 1941-42. j i | £ £ £ £ £ To Interest (gross) for year ended 31st March, 1943.. 277,462 251,315 By Balance from Gross Revenue Account .. .. 547,865 516,766 Less interest capitalized .. .. .. 14,082 9,814 263,380 1 241,501 Depreciation on completed works .. .. .. 134,473 24,574 Sinking Fund .. .. .. .. .. 41,615 170,513 Social Security charge, national security tax, .. 108,397 80,178 income-tax — £547,865 £516,766 £547,865 £516,766