B.—l [FT. IV].

ELECTRIC SUPPLY ACCOUNT-continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account For Year ended 31st March, 1938, compared with Year ended 31st March, 1937.

19

■ ■■; Gross Revenue Account. 1937-38. 1936-37. — 1937-38. 1936-37. _____ __ . . To Generating-expenses, headworks, power- £ s. d. £ s. d. £ s. d. By Sales of energy — £ s. d. £ s. d. £ s. d. houses, and auxiliary plant — Wholesale .. .. ■■ 387,057 15 11 283,631 7 6 Lake Coleridge .. .. .. 9,954 4 9 14,246 3 1 Retail .. .. .. .. 92,555 9 0 39,356 15 1 Waitaki .. .. .. .. 9,164 8 1 8,618 2 5 I — 479,613 4 11 Kaimata 329 5 8 .. j 322,988 2 7 Dobsori .. .. .. .. 3,456 10 11 .. Lyttelton Diesel station. .. . •• 1,217 14 0 824 0 6 Bad debts recovered .. .. .. 192 10 10 112 10 2 Southland .. .. 11,198 6 8 4,256 18 8 Discounts forfeited .. .. .. .. 23 3 0 22 2 6 — 35,320 10 1 Rents — !• 27,945 4 8 Land and buildings .. .. 2,637 11 9 j 2,460 2 9 Transmission and distribution — — Electric lines and plant, &e. .. 1,725 15 0 j 480 17 8 Primary distribution .. .. 11,484 1 1 11,040 14 4 4,363 6 9 | Secondary distribution .. .. 9,043 6 4 6,489 17 10 2,941 0 5 — 20,527 7 5 17,530 12 2 Fees for testing and repairing electrical .. 1,945 17 9 1,031 17 1 appliances and earnings of motorSubstations .. .. .. .. 16,788 1 3 15,667 18 7 vehicles Plant, tools, testing, &c. .. .. 268 3 0 252 1 0 Electrical testing .. .. .. .. 194 2 5 254 14 3 Trunk telephone system .. .. .. 822 4 1 557 1 11 Miscellaneous — Management and general expenses .. .. 52,721 8 8 23,439 15 3 Commissions, sales of appliances, &c. .. 5,290 12 4 1,825 11 11 126,641 16 11 85,647 7 10 Balance, to Net Revenue Account .. .. 364,786 18 8 243,273 16 10 £491,428 15 7 £328,921 4 8 £491,428 15 7 £328,921 4 8 . Net Revenue Account. ; £ s. d. £ 8. d. £ s. d. £ s. d. To Interest for year ended 31st March, 1938 220,111 11 6 212,640 4 4 By Balance from Gross Revenue Account .. 364,786 18 8 243,273 16 10 Depreciation on completed works .. .. 112,374 15 3 112,274 19 5 Revenue from rates, &c. .. .. .. 122 1 11 137 10 7 Cost of raising loans .. .. .. 1,362 12 11 26,420 9 0 Balance to Profit and Loss Appropria- .. .. 108,105 15 9 Commission, collecting rates, &c. .. .. 73 5 0 181 10 5 tion Account Balance to Profit and Loss Appropri- .. 30,986 15 11 tion Account £364,909 0 7 £351,517 3 2 £364,909 0 7 £351,517 3 2