B.—l [PT. IV]

NORTH 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.

6

1942-43. 1941-42. 1942-43. 1941-42. To Generating-expenses (hydro-electric) — £ £ £ By Sales of electrical energy — ■ £ £ £ £ Arapuni .. .. .. .. .. 47,745 23,682 ' Bulk for resale .. .. 1,608,760 .. 1,517,564 Horahora .. .. .. .. .. 9,319 7,642 Other than for resale — Mangahao .. .. .. .. 14,129 11,478 Traction .. .. 21,343 18,804 Tuai .. .. .. .. .. 19,353 12,727 Industrial .. .. 44,935 44,482 90,546 Retail .. .. 3,224 3,204 55,529 69,502 . Generatmg-expenses (fuel) — 1,678,262 Penrose .. .. .. .. .. 1,210 2,825 1,584,054 Huntly .. .. .. .. .. 1,284 2,849 Rents — 1 King's Wharf .. .. .. .. 128,164 .. Land and buildings .. .. 15,367 11,540 —• — 130,658 Lines and plant .. .. 539 540 5,674 15,906 .. 12,080 . Purchase of power in bulk .. .. .. .. 173,335 374,827 Standby charges .. .. .. .. .. 32,150 69,155 Miscellaneous revenue .. .. .. 2,532 1,847 426,689 505,185 Transmission system: Patrol and maintenance .. .. ■ . . 41,835 33,590 Substations: Operation and maintenance .. .. 79,974 45,646 Communication system: Patrol and maintenance .. 3,382 1,958 Distribution: Maintenance .. .. .. .. 1,379 925 System operation, testing, &c. .. .. .. .. 21,487 15,633 Management and general expenses .. .. .. 67,684 71,227 Balance, to Net Revenue and Appropriation Account .. 1,054,270 923,817 £1,696,700 £1,597,981 £1,696,700 £1,597,981

1942-43. 1941-42. 1942-43. 1941-42. ; i • £ £ £ j £ £ To Interest (gross) for year ended 31st March, 1943.. 463,844 383,55-5 By Balance from Gross Revenue Account .. ..I 1,054,270 923,817 Less interest capitalized .. .. .. 64,555 56,021 Transfer from Reserve Fund (to meet additional pro- 92,314 399,289 vision for depreciation) 327,534 Depreciation on completed works .. .. .. 229,778 70,109 Sinking Fund .. .. .. .. ... 197,652 1 78,020 Reserve Fund .. .. .. .. .. .. 89,371 Social Security charge, national-Security tax. income- .. 319,865 258,783 tax £1,146,584 £923,817 j £1,146,584 £923,817