EDB Information Disclosure Requirements Information ... ·...

CommerceCommissionInformationDisclosureTemplate

EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 1 CoverSheet

EDBInformationDisclosureRequirementsInformationTemplates

forSchedules1–10

CompanyName NorthpowerLimited

DisclosureDate 31August2016

DisclosureYear(yearended) 31March2016

TemplatesforSchedules1–10excluding5f–5gTemplateVersion4.1.Prepared24March2015


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx1 TOC

TableofContents

Schedule Schedulename1 ANALYTICALRATIOS2 REPORTONRETURNONINVESTMENT3 REPORTONREGULATORYPROFIT4 REPORTONVALUEOFTHEREGULATORYASSETBASE(ROLLEDFORWARD)5a REPORTONREGULATORYTAXALLOWANCE5b REPORTONRELATEDPARTYTRANSACTIONS5c REPORTONTERMCREDITSPREADDIFFERENTIALALLOWANCE5d REPORTONCOSTALLOCATIONS5e REPORTONASSETALLOCATIONS6a REPORTONCAPITALEXPENDITUREFORTHEDISCLOSUREYEAR6b REPORTONOPERATIONALEXPENDITUREFORTHEDISCLOSUREYEAR7 COMPARISONOFFORECASTSTOACTUALEXPENDITURE8 REPORTONBILLEDQUANTITIESANDLINECHARGEREVENUES9a ASSETREGISTER9b ASSETAGEPROFILE9c REPORTONOVERHEADLINESANDUNDERGROUNDCABLES9d REPORTONEMBEDDEDNETWORKS9e REPORTONNETWORKDEMAND10 REPORTONNETWORKRELIABILITY


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 11 S1.AnalyticalRatios

CompanyNameForYearEnded

SCHEDULE1:ANALYTICALRATIOS

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7 1(i):Expendituremetrics

8

ExpenditureperGWhenergydeliveredto

ICPs($/GWh)

Expenditureperaverageno.ofICPs

($/ICP)

ExpenditureperMWmaximumcoincident

systemdemand($/MW)

Expenditureperkmcircuitlength

($/km)

ExpenditureperMVAofcapacityfromEDB-owneddistributiontransformers

($/MVA)9 Operationalexpenditure 15,231 274 96,135 2,639 29,23510 Network 8,596 154 54,258 1,489 16,50011 Non-network 6,635 119 41,877 1,149 12,7351213 Expenditureonassets 17,264 310 108,969 2,991 33,13814 Network 17,035 306 107,521 2,951 32,69815 Non-network 229 4 1,448 40 4401617 1(ii):Revenuemetrics

18

RevenueperGWhenergydeliveredto

ICPs($/GWh)

Revenueperaverageno.ofICPs($/ICP)

19 Totalconsumerlinechargerevenue 63,775 1,14620 Standardconsumerlinechargerevenue 105,686 99321 Non-standardconsumerlinechargerevenue 17,909 1,466,3332223 1(iii):Serviceintensitymeasures2425 Demanddensity 27 Maximumcoincidentsystemdemandperkmofcircuitlength(forsupply)(kW/km)26 Volumedensity 173 TotalenergydeliveredtoICPsperkmofcircuitlength(forsupply)(MWh/km)27 Connectionpointdensity 10 AveragenumberofICPsperkmofcircuitlength(forsupply)(ICPs/km)28 Energyintensity 17,972 TotalenergydeliveredtoICPsperaveragenumberofICPs(kWh/ICP)2930 1(iv):Compositionofregulatoryincome31 ($000) %ofrevenue32 Operationalexpenditure 15,670 23.78%33 Pass-throughandrecoverablecostsexcludingfinancialincentivesandwash-ups 20,044 30.41%34 Totaldepreciation 9,439 14.32%35 Totalrevaluations 1,421 2.16%36 Regulatorytaxallowance 4,620 7.01%37 Regulatoryprofit/(loss)includingfinancialincentivesandwash-ups 17,556 26.64%38 Totalregulatoryincome 65,9083940 1(v):Reliability4142 Interruptionrate 11.37 Interruptionsper100circuitkm

Thisschedulecalculatesexpenditure,revenueandserviceratiosfromtheinformationdisclosed.Thedisclosedratiosmayvaryforreasonsthatarecompanyspecificand,asaresult,mustbeinterpretedwithcare.TheCommerceCommissionwillpublishasummaryandanalysisofinformationdisclosedinaccordancewiththeIDdetermination.Thiswillincludeinformationdisclosedinaccordancewiththisandotherschedules,andinformationdisclosedundertheotherrequirementsofthedetermination.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

NorthpowerLimited31March2016


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 12 S2.ReturnonInvestment


SCHEDULE2:REPORTONRETURNONINVESTMENT

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7 2(i):ReturnonInvestment CY-2 CY-1 CurrentYearCY8 31Mar14 31Mar15 31Mar169 ROI–comparabletoaposttaxWACC % % %10 Reflectingallrevenueearned 5.23% 5.19% 6.67%11 Excludingrevenueearnedfromfinancialincentives 5.23% 5.19% 6.67%12 Excludingrevenueearnedfromfinancialincentivesandwash-ups 5.23% 5.19% 6.67%1314 Mid-pointestimateofposttaxWACC 5.43% 6.89% 5.37%15 25thpercentileestimate 4.71% 6.17% 4.66%16 75thpercentileestimate 6.14% 7.60% 6.09%171819 ROI–comparabletoavanillaWACC20 Reflectingallrevenueearned 5.92% 5.97% 7.31%21 Excludingrevenueearnedfromfinancialincentives 5.92% 5.97% 7.31%22 Excludingrevenueearnedfromfinancialincentivesandwash-ups 5.92% 5.97% 7.31%2324 WACCrateusedtosetregulatorypricepath2526 Mid-pointestimateofvanillaWACC 6.11% 6.10% 6.02%27 25thpercentileestimate 5.39% 5.39% 5.30%28 75thpercentileestimate 6.83% 6.82% 6.74%29

30 2(ii):InformationSupportingtheROI ($000)

3132 TotalopeningRABvalue 242,19933 plus Openingdeferredtax (4,676)34 OpeningRIV 237,5233536 Linechargerevenue 65,6153738 Expensescashoutflow 35,71439 add Assetscommissioned 19,35140 less Assetdisposals –41 add Taxpayments 3,47342 less Otherregulatedincome 29343 Mid-yearnetcashoutflows 58,2454445 Termcreditspreaddifferentialallowance –

4647 TotalclosingRABvalue 253,53148 less Adjustmentresultingfromassetallocation 049 less Lostandfoundassetsadjustment –50 plus Closingdeferredtax (5,823)51 ClosingRIV 247,7085253 ROI–comparabletoavanillaWACC 7.31%5455 Leverage(%) 44%56 Costofdebtassumption(%) 5.26%57 Corporatetaxrate(%) 28%5859 ROI–comparabletoaposttaxWACC 6.67%60

ThisschedulerequiresinformationontheReturnonInvestment(ROI)fortheEDBrelativetotheCommerceCommission'sestimatesofposttaxWACCandvanillaWACC.EDBsmustcalculatetheirROIbasedonamonthlybasisifrequiredbyclause2.3.3oftheIDDeterminationoriftheyelectto.IfanEDBmakesthiselection,informationsupportingthiscalculationmustbeprovidedin2(iii).EDBsmustprovideexplanatorycommentontheirROIinSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.



EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 13 S2.ReturnonInvestment


SCHEDULE2:REPORTONRETURNONINVESTMENT

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ThisschedulerequiresinformationontheReturnonInvestment(ROI)fortheEDBrelativetotheCommerceCommission'sestimatesofposttaxWACCandvanillaWACC.EDBsmustcalculatetheirROIbasedonamonthlybasisifrequiredbyclause2.3.3oftheIDDeterminationoriftheyelectto.IfanEDBmakesthiselection,informationsupportingthiscalculationmustbeprovidedin2(iii).EDBsmustprovideexplanatorycommentontheirROIinSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


61 2(iii):InformationSupportingtheMonthlyROI6263 OpeningRIV N/A6465

66Linechargerevenue Expensescashoutflow Assetscommissioned Asset

disposalsOtherregulated

incomeMonthlynetcash

outflows67 April –68 May –69 June –70 July –71 August –72 September –73 October –74 November –75 December –76 January –77 February –78 March –79 Total – – – – – –8081 Taxpayments N/A8283 Termcreditspreaddifferentialallowance N/A8485 ClosingRIV N/A868788 MonthlyROI–comparabletoavanillaWACC N/A8990 MonthlyROI–comparabletoaposttaxWACC N/A9192 2(iv):Year-EndROIRatesforComparisonPurposes9394 Year-endROI–comparabletoavanillaWACC 7.10%9596 Year-endROI–comparabletoaposttaxWACC 6.45%9798 *theseyear-endROIvaluesarecomparabletotheROIreportedinpre2012disclosuresbyEDBsanddonotrepresenttheCommission'scurrentviewonROI.99

100 2(v):FinancialIncentivesandWash-Ups101102 Netrecoverablecostsallowedunderincrementalrollingincentivescheme –103 Purchasedassets–avoidedtransmissioncharge104 Energyefficiencyanddemandincentiveallowance105 Qualityincentiveadjustment106 Otherfinancialincentives107 Financialincentives –108109 ImpactoffinancialincentivesonROI –110111 Inputmethodologyclaw-back112 Recoverablecustomisedprice-qualitypathcosts113 Catastrophiceventallowance114 Capexwash-upadjustment115 Transmissionassetwash-upadjustment116 2013–2015NPVwash-upallowance117 Reconsiderationeventallowance118 Otherwash-ups119 Wash-upcosts –120121 Impactofwash-upcostsonROI –


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 14 S3.RegulatoryProfit


SCHEDULE3:REPORTONREGULATORYPROFIT

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7 3(i):RegulatoryProfit ($000)

8 Income9 Linechargerevenue 65,61510 plus Gains/(losses)onassetdisposals11 plus Otherregulatedincome(otherthangains/(losses)onassetdisposals) 2931213 Totalregulatoryincome 65,908

14 Expenses15 less Operationalexpenditure 15,6701617 less Pass-throughandrecoverablecostsexcludingfinancialincentivesandwash-ups 20,0441819 Operatingsurplus/(deficit) 30,1942021 less Totaldepreciation 9,4392223 plus Totalrevaluations 1,4212425 Regulatoryprofit/(loss)beforetax 22,1762627 less Termcreditspreaddifferentialallowance –2829 less Regulatorytaxallowance 4,6203031 Regulatoryprofit/(loss)includingfinancialincentivesandwash-ups 17,55632

33 3(ii):Pass-throughandRecoverableCostsexcludingFinancialIncentivesandWash-Ups ($000)

34 Passthroughcosts35 Rates 7636 CommerceActlevies 3437 Industrylevies 17738 CPPspecifiedpassthroughcosts39 Recoverablecostsexcludingfinancialincentivesandwash-ups40 ElectricitylinesservicechargepayabletoTranspower 18,42441 Transpowernewinvestmentcontractcharges42 Systemoperatorservices43 Distributedgenerationallowance44 Extendedreservesallowance45 Otherrecoverablecostsexcludingfinancialincentivesandwash-ups 1,33346 Pass-throughandrecoverablecostsexcludingfinancialincentivesandwash-ups 20,04447

ThisschedulerequiresinformationonthecalculationofregulatoryprofitfortheEDBforthedisclosureyear.AllEDBsmustcompleteallsectionsandprovideexplanatorycommentontheirregulatoryprofitinSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.



EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 15 S3.RegulatoryProfit


SCHEDULE3:REPORTONREGULATORYPROFIT

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ThisschedulerequiresinformationonthecalculationofregulatoryprofitfortheEDBforthedisclosureyear.AllEDBsmustcompleteallsectionsandprovideexplanatorycommentontheirregulatoryprofitinSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


48 3(iii):IncrementalRollingIncentiveScheme ($000)49 CY-1 CY50 31Mar15 31Mar1651 Allowedcontrollableopex52 Actualcontrollableopex5354 Incrementalchangeinyear55

56Previousyears'

incrementalchange

Previousyears'incrementalchangeadjustedforinflation

57 CY-5 31Mar1158 CY-4 31Mar1259 CY-3 31Mar1360 CY-2 31Mar1461 CY-1 31Mar1562 Netincrementalrollingincentivescheme –6364 Netrecoverablecostsallowedunderincrementalrollingincentivescheme –

65 3(iv):MergerandAcquisitionExpenditure70 ($000)66 Mergerandacquisitionexpenditure67

68

69 3(v):OtherDisclosures70 ($000)71 Self-insuranceallowance

Providecommentaryonthebenefitsofmergerandacquisitionexpendituretotheelectricitydistributionbusiness,includingrequireddisclosuresinaccordancewithsection2.7,inSchedule14(MandatoryExplanatoryNotes)


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 16 S4.RABValue(RolledForward)


SCHEDULE4:REPORTONVALUEOFTHEREGULATORYASSETBASE(ROLLEDFORWARD)

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7 4(i):RegulatoryAssetBaseValue(RolledForward) RAB RAB RAB RAB RAB8 foryearended 31Mar12 31Mar13 31Mar14 31Mar15 31Mar169 ($000) ($000) ($000) ($000) ($000)10 TotalopeningRABvalue 223,506 228,670 232,435 241,237 242,1991112 less Totaldepreciation 8,274 8,549 8,712 9,821 9,4391314 plus Totalrevaluations 3,510 1,964 3,563 202 1,4211516 plus Assetscommissioned 9,926 10,350 13,952 10,580 19,3511718 less Assetdisposals –1920 plus Lostandfoundassetsadjustment –2122 plus Adjustmentresultingfromassetallocation 02324 TotalclosingRABvalue 228,670 232,435 241,237 242,199 253,53125

26 4(ii):UnallocatedRegulatoryAssetBase2728 ($000) ($000) ($000) ($000)29 TotalopeningRABvalue 242,199 242,19930 less31 Totaldepreciation 9,439 9,43932 plus33 Totalrevaluations 1,421 1,42134 plus35 Assetscommissioned(otherthanbelow) 564 56436 Assetsacquiredfromaregulatedsupplier 3,672 3,67237 Assetsacquiredfromarelatedparty 15,114 15,11438 Assetscommissioned 19,351 19,35139 less40 Assetdisposals(otherthanbelow)41 Assetdisposalstoaregulatedsupplier42 Assetdisposalstoarelatedparty43 Assetdisposals – –4445 plus Lostandfoundassetsadjustment4647 plus Adjustmentresultingfromassetallocation 04849 TotalclosingRABvalue 253,531 253,531

50

RAB


ThisschedulerequiresinformationonthecalculationoftheRegulatoryAssetBase(RAB)valuetotheendofthisdisclosureyear.ThisinformstheROIcalculationinSchedule2.EDBsmustprovideexplanatorycommentonthevalueoftheirRABinSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

*The'unallocatedRAB'isthetotalvalueofthoseassetsusedwhollyorpartiallytoprovideelectricitydistributionserviceswithoutanyallowancebeingmadefortheallocationofcoststoservicesprovidedbythesupplierthatarenotelectricitydistributionservices.TheRABvaluerepresentsthevalueoftheseassetsafterapplyingthiscostallocation.Neithervalueincludesworksunderconstruction.

UnallocatedRAB*





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51

52 4(iii):CalculationofRevaluationRateandRevaluationofAssets5354 CPI4 1,20055 CPI4

-4 1,19356 Revaluationrate(%) 0.59%575859 ($000) ($000) ($000) ($000)60 TotalopeningRABvalue 242,199 242,19961 less Openingvalueoffullydepreciated,disposedandlostassets 61 616263 TotalopeningRABvaluesubjecttorevaluation 242,138 242,13864 Totalrevaluations 1,421 1,42165

66 4(iv):RollForwardofWorksUnderConstruction

6768 Worksunderconstruction—precedingdisclosureyear 3,215 3,21569 plus Capitalexpenditure 16,204 16,20470 less Assetscommissioned 19,351 19,35171 plus Adjustmentresultingfromassetallocation72 Worksunderconstruction-currentdisclosureyear 68 687374 Highestrateofcapitalisedfinanceapplied 4.39%75

Allocatedworksunderconstruction

UnallocatedRAB*

Unallocatedworksunderconstruction

RAB





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76 4(v):RegulatoryDepreciation7778 ($000) ($000) ($000) ($000)79 Depreciation-standard 9,439 9,43980 Depreciation-nostandardlifeassets81 Depreciation-modifiedlifeassets82 Depreciation-alternativedepreciationinaccordancewithCPP83 Totaldepreciation 9,439 9,43984

85 4(vi):DisclosureofChangestoDepreciationProfiles

86 Assetorassetswithchangestodepreciation* Reasonfornon-standarddepreciation(textentry)Depreciationchargefortheperiod(RAB)

ClosingRABvalueunder'non-standard'

depreciation

ClosingRABvalueunder'standard'depreciation

878889909192939495 *includeadditionalrowsifneeded

96 4(vii):DisclosurebyAssetCategory97 ($000unlessotherwisespecified)

98 SubtransmissionlinesSubtransmission

cables ZonesubstationsDistributionandLV

linesDistributionandLV

cables

Distributionsubstationsandtransformers

Distributionswitchgear Othernetworkassets Non-networkassets Total

99 TotalopeningRABvalue 6,697 7,455 27,709 97,766 50,187 28,711 7,644 5,320 10,710 242,199100 less Totaldepreciation 328 206 1,174 3,515 1,638 1,410 289 584 296 9,439101 plus Totalrevaluations 39 44 163 574 294 168 45 31 63 1,421102 plus Assetscommissioned 1,370 2,602 6,245 6,763 523 1,216 67 527 38 19,351103 less Assetdisposals – – – – – – – – – –104 plus Lostandfoundassetsadjustment – – – – – – – – – –105 plus Adjustmentresultingfromassetallocation – – – – – – – – – –106 plus Assetcategorytransfers – – – – – – – – – –107 TotalclosingRABvalue 7,778 9,894 32,943 101,588 49,367 28,685 7,467 5,294 10,515 253,531108109 AssetLife110 Weightedaverageremainingassetlife 30.5 39.6 31.6 38.3 35.2 29.9 29.3 10.2 24.2 (years)111 Weightedaverageexpectedtotalassetlife 56.8 59.0 45.4 58.9 46.3 45.0 37.0 22.5 29.5 (years)

UnallocatedRAB* RAB

($000unlessotherwisespecified)


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 19 S5a.RegulatoryTaxAllowance


SCHEDULE5a:REPORTONREGULATORYTAXALLOWANCE

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7 5a(i):RegulatoryTaxAllowance ($000)

8 Regulatoryprofit/(loss)beforetax 22,176910 plus Incomenotincludedinregulatoryprofit/(loss)beforetaxbuttaxable *11 Expenditureorlossinregulatoryprofit/(loss)beforetaxbutnotdeductible 77 *12 Amortisationofinitialdifferencesinassetvalues 4,53613 Amortisationofrevaluations 69314 5,3061516 less Totalrevaluations 1,42117 Incomeincludedinregulatoryprofit/(loss)beforetaxbutnottaxable *18 Discretionarydiscountsandcustomerrebates 4,20419 Expenditureorlossdeductiblebutnotinregulatoryprofit/(loss)beforetax *20 Notionaldeductibleinterest 5,35821 10,9832223 Regulatorytaxableincome 16,4992425 less Utilisedtaxlosses 26 Regulatorynettaxableincome 16,499 2728 Corporatetaxrate(%) 28%29 Regulatorytaxallowance 4,620 3031 *WorkingstobeprovidedinSchedule14

32 5a(ii):DisclosureofPermanentDifferences33 InSchedule14,Box5,providedescriptionsandworkingsofitemsrecordedintheasteriskedcategoriesinSchedule5a(i).

34 5a(iii):AmortisationofInitialDifferenceinAssetValues ($000)3536 Openingunamortisedinitialdifferencesinassetvalues 123,75137 less Amortisationofinitialdifferencesinassetvalues 4,53638 plus Adjustmentforunamortisedinitialdifferencesinassetsacquired39 less Adjustmentforunamortisedinitialdifferencesinassetsdisposed40 Closingunamortisedinitialdifferencesinassetvalues 119,2154142 Openingweightedaverageremainingusefullifeofrelevantassets(years) 2743

Thisschedulerequiresinformationonthecalculationoftheregulatorytaxallowance.Thisinformationisusedtocalculateregulatoryprofit/lossinSchedule3(regulatoryprofit).EDBsmustprovideexplanatorycommentaryontheinformationdisclosedinthisschedule,inSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.



EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 20 S5a.RegulatoryTaxAllowance


SCHEDULE5a:REPORTONREGULATORYTAXALLOWANCE

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Thisschedulerequiresinformationonthecalculationoftheregulatorytaxallowance.Thisinformationisusedtocalculateregulatoryprofit/lossinSchedule3(regulatoryprofit).EDBsmustprovideexplanatorycommentaryontheinformationdisclosedinthisschedule,inSchedule14(MandatoryExplanatoryNotes).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


44 5a(iv):AmortisationofRevaluations ($000)4546 OpeningsumofRABvalueswithoutrevaluations 225,9184748 Adjusteddepreciation 8,74649 Totaldepreciation 9,43950 Amortisationofrevaluations 69351

52 5a(v):ReconciliationofTaxLosses ($000)

5354 Openingtaxlosses55 plus Currentperiodtaxlosses56 less Utilisedtaxlosses57 Closingtaxlosses –

58 5a(vi):CalculationofDeferredTaxBalance ($000)

5960 Openingdeferredtax (4,676)6162 plus Taxeffectofadjusteddepreciation 2,4496364 less Taxeffectoftaxdepreciation 2,2276566 plus Taxeffectofothertemporarydifferences* (99)6768 less Taxeffectofamortisationofinitialdifferencesinassetvalues 1,2706970 plus Deferredtaxbalancerelatingtoassetsacquiredinthedisclosureyear7172 less Deferredtaxbalancerelatingtoassetsdisposedinthedisclosureyear –7374 plus Deferredtaxcostallocationadjustment (0)7576 Closingdeferredtax (5,823)

77

78 5a(vii):DisclosureofTemporaryDifferences

7980

81 5a(viii):RegulatoryTaxAssetBaseRoll-Forward82 ($000)83 Openingsumofregulatorytaxassetvalues 86,34484 less Taxdepreciation 7,95285 plus Regulatorytaxassetvalueofassetscommissioned 19,48886 less Regulatorytaxassetvalueofassetdisposals87 plus Lostandfoundassetsadjustment88 plus Adjustmentresultingfromassetallocation89 plus OtheradjustmentstotheRABtaxvalue90 Closingsumofregulatorytaxassetvalues 97,880

InSchedule14,Box6,providedescriptionsandworkingsofitemsrecordedintheasteriskedcategoryinSchedule5a(vi)(Taxeffectofothertemporarydifferences).


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 21 S5b.RelatedPartyTransactions


SCHEDULE5b:REPORTONRELATEDPARTYTRANSACTIONS

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7 5b(i):Summary—RelatedPartyTransactions ($000)

8 Totalregulatoryincome9 Operationalexpenditure 9,25610 Capitalexpenditure 13,16911 Marketvalueofassetdisposals12 Otherrelatedpartytransactions

13 5b(ii):EntitiesInvolvedinRelatedPartyTransactions14 Nameofrelatedparty15 NorthpowerContractingDivison1617181920 *includeadditionalrowsifneeded

21 5b(iii):RelatedPartyTransactions

22 NameofrelatedpartyRelatedparty

transactiontype

Valueoftransaction

($000) Basisfordeterminingvalue23 NorthpowerContractingDivision Opex 7,823 IDclause2.3.6(1)(c)(i)24 NorthpowerContractingDivision Opex 1,433 IDclause2.3.6(1)(c)(i)25 NorthpowerContractingDivision Capex 13,169 IMclause2.2.11(5)(b)(i)26 [Selectone] [Selectone]27 [Selectone] [Selectone]28 [Selectone] [Selectone]29 [Selectone] [Selectone]30 [Selectone] [Selectone]31 [Selectone] [Selectone]32 [Selectone] [Selectone]33 [Selectone] [Selectone]34 [Selectone] [Selectone]35 [Selectone] [Selectone]36 [Selectone] [Selectone]37 [Selectone] [Selectone]38 *includeadditionalrowsifneeded

ConstructionofDistributionSystemAssets

DescriptionoftransactionDistributionSystemMaintenanceManagementFee


DivisonofNorthpower.Supplierofelectricalcontractingservices.Doesnotsupplyelectricitydistributionservices.Relatedpartyrelationship

Thisscheduleprovidesinformationonthevaluationofrelatedpartytransactions,inaccordancewithsection2.3.6and2.3.7oftheIDdetermination.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 22 S5c.TCSDAllowance


SCHEDULE5c:REPORTONTERMCREDITSPREADDIFFERENTIALALLOWANCE

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8 5c(i):QualifyingDebt(maybeCommissiononly)9

10 Issuingparty Issuedate PricingdateOriginaltenor(in

years) Couponrate(%)Bookvalueatissue

date(NZD)

Bookvalueatdateoffinancialstatements

(NZD)TermCreditSpread

DifferenceCostofexecutinganinterestrateswap

Debtissuecostreadjustment

111213141516 *includeadditionalrowsifneeded – – – –17

18 5c(ii):AttributionofTermCreditSpreadDifferential1920 Grosstermcreditspreaddifferential –2122 Totalbookvalueofinterestbearingdebt23 Leverage 44%24 AverageopeningandclosingRABvalues25 AttributionRate(%) –2627 Termcreditspreaddifferentialallowance –


Thisscheduleisonlytobecompletedif,asatthedateofthemostrecentlypublishedfinancialstatements,theweightedaverageoriginaltenorofthedebtportfolio(bothqualifyingdebtandnon-qualifyingdebt)isgreaterthanfiveyears.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 23 S5d.CostAllocations


SCHEDULE5d:REPORTONCOSTALLOCATIONS

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7 5d(i):OperatingCostAllocations8 Valueallocated($000s)

9Arm'slengthdeduction

Electricitydistributionservices

Non-electricitydistributionservices Total

OVABAAallocationincrease($000s)

10 Serviceinterruptionsandemergencies11 Directlyattributable 1,99712 Notdirectlyattributable –13 Totalattributabletoregulatedservice 1,997

14 Vegetationmanagement15 Directlyattributable 2,12016 Notdirectlyattributable –17 Totalattributabletoregulatedservice 2,120

18 Routineandcorrectivemaintenanceandinspection19 Directlyattributable 2,23220 Notdirectlyattributable –21 Totalattributabletoregulatedservice 2,232

22 Assetreplacementandrenewal23 Directlyattributable 2,49524 Notdirectlyattributable –25 Totalattributabletoregulatedservice 2,495

26 Systemoperationsandnetworksupport27 Directlyattributable 2,40928 Notdirectlyattributable –

29 Totalattributabletoregulatedservice 2,40930 Businesssupport31 Directlyattributable 2,65332 Notdirectlyattributable 1,764 11,022 12,78633 Totalattributabletoregulatedservice 4,4173435 Operatingcostsdirectlyattributable 13,90636 Operatingcostsnotdirectlyattributable – 1,764 11,022 12,786 –37 Operationalexpenditure 15,67038


Thisscheduleprovidesinformationontheallocationofoperationalcosts.EDBsmustprovideexplanatorycommentontheircostallocationinSchedule14(MandatoryExplanatoryNotes),includingontheimpactofanyreclassifications.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 24 S5d.CostAllocations


SCHEDULE5d:REPORTONCOSTALLOCATIONS

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Thisscheduleprovidesinformationontheallocationofoperationalcosts.EDBsmustprovideexplanatorycommentontheircostallocationinSchedule14(MandatoryExplanatoryNotes),includingontheimpactofanyreclassifications.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

39 5d(ii):OtherCostAllocations

40 Passthroughandrecoverablecosts ($000)

41 Passthroughcosts42 Directlyattributable 28743 Notdirectlyattributable44 Totalattributabletoregulatedservice 287

45 Recoverablecosts46 Directlyattributable 19,75747 Notdirectlyattributable48 Totalattributabletoregulatedservice 19,75749

50 5d(iii):ChangesinCostAllocations*†5152 Changeincostallocation1 CY-1 CurrentYear(CY)53 Costcategory Originalallocation54 Originalallocatororlineitems Newallocation55 Newallocatororlineitems Difference – –5657 Rationaleforchange58596061 Changeincostallocation2 CY-1 CurrentYear(CY)62 Costcategory Originalallocation63 Originalallocatororlineitems Newallocation64 Newallocatororlineitems Difference – –6566 Rationaleforchange676869 ($000)70 Changeincostallocation3 CY-1 CurrentYear(CY)71 Costcategory Originalallocation72 Originalallocatororlineitems Newallocation73 Newallocatororlineitems Difference – –7475 Rationaleforchange76777879 †includeadditionalrowsifneeded

*achangeincostallocationmustbecompletedforeachcostallocatorchangethathasoccurredinthedisclosureyear.Amovementinanallocatormetricisnotachangeinallocatororcomponent.

($000)

($000)


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 25 S5e.AssetAllocations


SCHEDULE5e:REPORTONASSETALLOCATIONS

schref

7 5e(i):RegulatedServiceAssetValues

8 Valueallocated($000s)

9Electricitydistribution

services

10 Subtransmissionlines11 Directlyattributable 7,42112 Notdirectlyattributable 35713 Totalattributabletoregulatedservice 7,778

14 Subtransmissioncables15 Directlyattributable 9,89416 Notdirectlyattributable –17 Totalattributabletoregulatedservice 9,894

18 Zonesubstations19 Directlyattributable 32,94320 Notdirectlyattributable21 Totalattributabletoregulatedservice 32,943

22 DistributionandLVlines23 Directlyattributable 98,08524 Notdirectlyattributable 3,50425 Totalattributabletoregulatedservice 101,588

26 DistributionandLVcables27 Directlyattributable 49,15928 Notdirectlyattributable 20829 Totalattributabletoregulatedservice 49,367

30 Distributionsubstationsandtransformers31 Directlyattributable 28,68532 Notdirectlyattributable33 Totalattributabletoregulatedservice 28,685

34 Distributionswitchgear35 Directlyattributable 7,46736 Notdirectlyattributable –37 Totalattributabletoregulatedservice 7,467

38 Othernetworkassets39 Directlyattributable 5,29440 Notdirectlyattributable –41 Totalattributabletoregulatedservice 5,294

42 Non-networkassets43 Directlyattributable 10,51544 Notdirectlyattributable –45 Totalattributabletoregulatedservice 10,5154647 Regulatedserviceassetvaluedirectlyattributable 249,46348 Regulatedserviceassetvaluenotdirectlyattributable 4,06949 TotalclosingRABvalue 253,53150

51 5e(ii):ChangesinAssetAllocations*†52 ($000)53 Changeinassetvalueallocation1 CY-1 CurrentYear(CY)54 Assetcategory Originalallocation55 Originalallocatororlineitems Newallocation56 Newallocatororlineitems Difference – –5758 Rationaleforchange596061 ($000)62 Changeinassetvalueallocation2 CY-1 CurrentYear(CY)63 Assetcategory Originalallocation64 Originalallocatororlineitems Newallocation65 Newallocatororlineitems Difference – –6667 Rationaleforchange686970 ($000)71 Changeinassetvalueallocation3 CY-1 CurrentYear(CY)72 Assetcategory Originalallocation73 Originalallocatororlineitems Newallocation74 Newallocatororlineitems Difference – –7576 Rationaleforchange77787980 †includeadditionalrowsifneeded


*achangeinassetallocationmustbecompletedforeachallocatororcomponentchangethathasoccurredinthedisclosureyear.Amovementinanallocatormetricisnotachangeinallocatororcomponent.

Thisschedulerequiresinformationontheallocationofassetvalues.ThisinformationsupportsthecalculationoftheRABvalueinSchedule4.EDBsmustprovideexplanatorycommentontheircostallocationinSchedule14(MandatoryExplanatoryNotes),includingontheimpactofanychangesinassetallocations.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 26 S6a.ActualExpenditureCapex


SCHEDULE6a:REPORTONCAPITALEXPENDITUREFORTHEDISCLOSUREYEAR

schref

7 6a(i):ExpenditureonAssets ($000) ($000)

8 Consumerconnection 3,0339 Systemgrowth 3,54610 Assetreplacementandrenewal 10,25311 Assetrelocations 14912 Reliability,safetyandenvironment:13 Qualityofsupply 35514 Legislativeandregulatory –15 Otherreliability,safetyandenvironment 19016 Totalreliability,safetyandenvironment 54517 Expenditureonnetworkassets 17,52618 Expenditureonnon-networkassets 2361920 Expenditureonassets 17,76221 plus Costoffinancing –22 less Valueofcapitalcontributions 1,97723 plus Valueofvestedassets 4192425 Capitalexpenditure 16,204

26 6a(ii):SubcomponentsofExpenditureonAssets(whereknown) ($000)

27 Energyefficiencyanddemandsidemanagement,reductionofenergylosses28 Overheadtoundergroundconversion29 Researchanddevelopment

30 6a(iii):ConsumerConnection31 ConsumertypesdefinedbyEDB* ($000) ($000)32 Allcustomertypes 3,03333 [EDBconsumertype]34 [EDBconsumertype]35 [EDBconsumertype]36 [EDBconsumertype]37 *includeadditionalrowsifneeded38 Consumerconnectionexpenditure 3,0333940 less Capitalcontributionsfundingconsumerconnectionexpenditure 1,97741 Consumerconnectionlesscapitalcontributions 1,056

42 6a(iv):SystemGrowthandAssetReplacementandRenewal4344 ($000) ($000)45 Subtransmission 1,370 2,79446 Zonesubstations 2,117 1,14747 DistributionandLVlines 10 5,64848 DistributionandLVcables 24149 Distributionsubstationsandtransformers 39150 Distributionswitchgear 49 3251 Othernetworkassets –52 Systemgrowthandassetreplacementandrenewalexpenditure 3,546 10,25353 less Capitalcontributionsfundingsystemgrowthandassetreplacementandrenewal54 Systemgrowthandassetreplacementandrenewallesscapitalcontributions 3,546 10,25355

56 6a(v):AssetRelocations57 Projectorprogramme* ($000) ($000)58 OverheadlinerelocationWesternHillsDrive(SH1)roadwidening 7959 Overheadlinerelocationminorworks 7060 [Descriptionofmaterialprojectorprogramme]61 [Descriptionofmaterialprojectorprogramme]62 [Descriptionofmaterialprojectorprogramme]63 *includeadditionalrowsifneeded64 Allotherprojectsorprogrammes-assetrelocations65 Assetrelocationsexpenditure 14966 less Capitalcontributionsfundingassetrelocations67 Assetrelocationslesscapitalcontributions 149


Thisschedulerequiresabreakdownofcapitalexpenditureonassetsincurredinthedisclosureyear,includinganyassetsinrespectofwhichcapitalcontributionsarereceived,butexcludingassetsthatarevestedassets.Informationonexpenditureonassetsmustbeprovidedonanaccountingaccrualsbasisandmustexcludefinancecosts.EDBsmustprovideexplanatorycommentontheirexpenditureonassetsinSchedule14(ExplanatoryNotestoTemplates).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

SystemGrowthAssetReplacement

andRenewal


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 27 S6a.ActualExpenditureCapex


SCHEDULE6a:REPORTONCAPITALEXPENDITUREFORTHEDISCLOSUREYEAR

schref


Thisschedulerequiresabreakdownofcapitalexpenditureonassetsincurredinthedisclosureyear,includinganyassetsinrespectofwhichcapitalcontributionsarereceived,butexcludingassetsthatarevestedassets.Informationonexpenditureonassetsmustbeprovidedonanaccountingaccrualsbasisandmustexcludefinancecosts.EDBsmustprovideexplanatorycommentontheirexpenditureonassetsinSchedule14(ExplanatoryNotestoTemplates).Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

68

69 6a(vi):QualityofSupply70 Projectorprogramme* ($000) ($000)71 Commsforremotecontrol 11572 11kVfeederbackstopping 673 Minorcapex(improvements) 10574 Faultpassageindicators 1275 Dargavillefeederrationalisation 11776 *includeadditionalrowsifneeded77 Allotherprojectsprogrammes-qualityofsupply78 Qualityofsupplyexpenditure 35579 less Capitalcontributionsfundingqualityofsupply80 Qualityofsupplylesscapitalcontributions 355

81 6a(vii):LegislativeandRegulatory82 Projectorprogramme* ($000) ($000)83 [Descriptionofmaterialprojectorprogramme]84 [Descriptionofmaterialprojectorprogramme]85 [Descriptionofmaterialprojectorprogramme]86 [Descriptionofmaterialprojectorprogramme]87 [Descriptionofmaterialprojectorprogramme]88 *includeadditionalrowsifneeded89 Allotherprojectsorprogrammes-legislativeandregulatory90 Legislativeandregulatoryexpenditure –91 less Capitalcontributionsfundinglegislativeandregulatory92 Legislativeandregulatorylesscapitalcontributions –

93 6a(viii):OtherReliability,SafetyandEnvironment94 Projectorprogramme* ($000) ($000)95 Securityimprovements 496 Networkstrategicsparestore 2597 Backupcontrolcentre 898 Researchanddevelopment 5999 CommunicationsandSCADAupgrades 94

100 *includeadditionalrowsifneeded101 Allotherprojectsorprogrammes-otherreliability,safetyandenvironment102 Otherreliability,safetyandenvironmentexpenditure 190103 less Capitalcontributionsfundingotherreliability,safetyandenvironment104 Otherreliability,safetyandenvironmentlesscapitalcontributions 190105

106 6a(ix):Non-NetworkAssets107 Routineexpenditure108 Projectorprogramme* ($000) ($000)109 Motorvehicle 38110 Land 198111 [Descriptionofmaterialprojectorprogramme]112 [Descriptionofmaterialprojectorprogramme]113 [Descriptionofmaterialprojectorprogramme]114 *includeadditionalrowsifneeded115 Allotherprojectsorprogrammes-routineexpenditure116 Routineexpenditure 236

117 Atypicalexpenditure118 Projectorprogramme* ($000) ($000)119120121122

123124 *includeadditionalrowsifneeded125 Allotherprojectsorprogrammes-atypicalexpenditure126 Atypicalexpenditure –127128 Expenditureonnon-networkassets 236


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 28 S6b.ActualExpenditureOpex


SCHEDULE6b:REPORTONOPERATIONALEXPENDITUREFORTHEDISCLOSUREYEAR

schref

7 6b(i):OperationalExpenditure ($000) ($000)

8 Serviceinterruptionsandemergencies 1,9979 Vegetationmanagement 2,12010 Routineandcorrectivemaintenanceandinspection 2,23211 Assetreplacementandrenewal 2,49512 Networkopex 8,84413 Systemoperationsandnetworksupport 2,40914 Businesssupport 4,41715 Non-networkopex 6,8261617 Operationalexpenditure 15,670

18 6b(ii):SubcomponentsofOperationalExpenditure(whereknown)19 Energyefficiencyanddemandsidemanagement,reductionofenergylosses20 Directbilling*21 Researchanddevelopment 3622 Insurance 3923 *Directbillingexpenditurebysuppliersthatdirectlybillthemajorityoftheirconsumers

Thisschedulerequiresabreakdownofoperationalexpenditureincurredinthedisclosureyear.EDBsmustprovideexplanatorycommentontheiroperationalexpenditureinSchedule14(Explanatorynotestotemplates).Thisincludesexplanatorycommentonanyatypicaloperationalexpenditureandassetsreplacedorrenewedaspartofassetreplacementandrenewaloperationalexpenditure,andadditionalinformationoninsurance.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.



EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 29 S7.ActualvsForecast


SCHEDULE7:COMPARISONOFFORECASTSTOACTUALEXPENDITURE

schref

7 7(i):Revenue Target($000)¹ Actual($000) %variance8 Linechargerevenue 64,050 65,615 2%

9 7(ii):ExpenditureonAssets Forecast($000)² Actual($000) %variance

10 Consumerconnection 780 3,033 289%11 Systemgrowth 268 3,546 1,223%12 Assetreplacementandrenewal 8,305 10,253 23%13 Assetrelocations 187 149 (20%)14 Reliability,safetyandenvironment:15 Qualityofsupply 789 355 (55%)16 Legislativeandregulatory 400 – (100%)17 Otherreliability,safetyandenvironment 1,249 190 (85%)18 Totalreliability,safetyandenvironment 2,438 545 (78%)19 Expenditureonnetworkassets 11,978 17,526 46%20 Expenditureonnon-networkassets 113 236 109%21 Expenditureonassets 12,091 17,762 47%

22 7(iii):OperationalExpenditure23 Serviceinterruptionsandemergencies 1,461 1,997 37%24 Vegetationmanagement 1,751 2,120 21%25 Routineandcorrectivemaintenanceandinspection 2,259 2,232 (1%)26 Assetreplacementandrenewal 1,769 2,495 41%27 Networkopex 7,240 8,844 22%28 Systemoperationsandnetworksupport 2,636 2,409 (9%)29 Businesssupport 5,504 4,417 (20%)30 Non-networkopex 8,140 6,826 (16%)31 Operationalexpenditure 15,380 15,670 2%

32 7(iv):SubcomponentsofExpenditureonAssets(whereknown)33 Energyefficiencyanddemandsidemanagement,reductionofenergylosses – –34 Overheadtoundergroundconversion – –35 Researchanddevelopment 52 – (100%)36

37 7(v):SubcomponentsofOperationalExpenditure(whereknown)38 Energyefficiencyanddemandsidemanagement,reductionofenergylosses – –39 Directbilling – –40 Researchanddevelopment 50 36 (28%)41 Insurance 120 39 (68%)4243 1Fromthenominaldollartargetrevenueforthedisclosureyeardisclosedunderclause2.4.3(3)ofthisdetermination

44

Thisschedulecomparesactualrevenueandexpendituretothepreviousforecaststhatweremadeforthedisclosureyear.Accordingly,thisschedulerequirestheforecastrevenueandexpenditureinformationfrompreviousdisclosurestobeinserted.EDBsmustprovideexplanatorycommentonthevariancebetweenactualandtargetrevenueandforecastexpenditureinSchedule14(MandatoryExplanatoryNotes).Thisinformationispartoftheauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.Forthepurposeofthisaudit,targetrevenueandforecastexpendituresonlyneedtobeverifiedbacktopreviousdisclosures.


2FromtheCY+1nominaldollarexpenditureforecastsdisclosedinaccordancewithclause2.6.6fortheforecastperiodstartingatthebeginningofthedisclosureyear(thesecondtolastdisclosureofSchedules11aand11b)


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 30 S8.BilledQuantities+Revenues


Network/Sub-NetworkName

SCHEDULE8:REPORTONBILLEDQUANTITIESANDLINECHARGEREVENUES

schref

8 8(i):BilledQuantitiesbyPriceComponent91011 Billedquantitiesbypricecomponent

12

MassMarketDailySupplyCharge

MassMarketVariableCharge

CommercialandIndustrialMonthly

charge

CommercialandIndustrialDemand

charge

VeryLargeIndustrialDistributioncomponent

VeryLargeIndustrialTransmisionComponent

13Consumergroupnameorprice

categorycodeConsumertypeortypes(eg,residential,commercialetc.)

Standardornon-standardconsumergroup(specify)

Averageno.ofICPsindisclosureyear

EnergydeliveredtoICPsindisclosureyear(MWh)

ICPdays MWh $/month kVAdemand AssetbasedRelevantportionofGXPconnection

charge

1415 MassMarket Consuptionbased Standard 57,165 453,034 20,358,214 453,03416 CommercialandIndustrial Demandbased Standard 76 84,566 PricePlanND9 PricePlanND917 Verylargeindustrial Assetbased Non-standard 6 491,249 Contract Calculation18 [Selectone]19 [Selectone]20 [Selectone]21 [Selectone]22 [Selectone]23 [Selectone]24 [Selectone]25 Addextrarowsforadditionalconsumergroupsorpricecategorycodesasnecessary26 Standardconsumertotals 57,241 537,600 20,358,214 453,034 – – – –27 Non-standardconsumertotals 6 491,249 – – – – – –28 Totalforallconsumers 57,247 1,028,849 20,358,214 453,034 – – – –

29

30


Addextracolumnsforadditionalbilledquantitiesbypricecomponentasnecessary

ThisschedulerequiresthebilledquantitiesandassociatedlinechargerevenuesforeachpricecategorycodeusedbytheEDBinitspricingschedules.InformationisalsorequiredonthenumberofICPsthatareincludedineachconsumergrouporpricecategorycode,andtheenergydeliveredtotheseICPs.

Unitchargingbasis(eg,days,kWofdemand,kVAofcapacity,etc.)

Pricecomponent


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 31 S8.BilledQuantities+Revenues


Network/Sub-NetworkName

SCHEDULE8:REPORTONBILLEDQUANTITIESANDLINECHARGEREVENUES


ThisschedulerequiresthebilledquantitiesandassociatedlinechargerevenuesforeachpricecategorycodeusedbytheEDBinitspricingschedules.InformationisalsorequiredonthenumberofICPsthatareincludedineachconsumergrouporpricecategorycode,andtheenergydeliveredtotheseICPs.

31 8(ii):LineChargeRevenues($000)byPriceComponent3233 Linechargerevenues($000)bypricecomponent

34

PricecomponentMassMarketDailySupplyCharge

MassMarketVariableCharge

CommercialandIndustrialMonthly

charge

CommercialandIndustrialDemand

charge

VeryLargeIndustrialDistributioncomponent

VeryLargeIndustrialTransmisionComponent

35Consumergroupnameorprice

categorycodeConsumertypeortypes(eg,residential,commercialetc.)

Standardornon-standardconsumergroup(specify)

Totallinechargerevenueindisclosureyear

Notionalrevenueforegonefromposteddiscounts(if

applicable)Totaldistributionline

chargerevenue

Rate(eg,$perday,$perkWh,etc.)

$/day $/kWh $/month $/kVA/month $/month $/kW/month

3637 MassMarket Consumptionbased Standard $52,694 $52,694 $6,541 $46,15338 CommercialandIndustrial Demandbased Standard $4,122 $4,122 $88 $4,03439 VeryLargeIndustrial Assetbased Non-standard $8,798 $8,798 $1,856 $6,94240 [Selectone] –41 [Selectone] –42 [Selectone] –43 [Selectone] –44 [Selectone] –45 [Selectone] –46 [Selectone] –47 Addextrarowsforadditionalconsumergroupsorpricecategorycodesasnecessary48 Standardconsumertotals $56,817 – $56,817 – $6,541 $46,153 $88 $4,034 – –49 Non-standardconsumertotals $8,798 – $8,798 – – – – – $1,856 $6,94250 Totalforallconsumers $65,615 – $65,615 – $6,541 $46,153 $88 $4,034 $1,856 $6,942

51

52 8(iii):NumberofICPsdirectlybilled Check OK

53 NumberofdirectlybilledICPsatyearend 4

Totaltransmissionlinechargerevenue(if

available)

Addextracolumnsforadditionallinechargerevenuesbypricecomponentasnecessary


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 32 S9a.AssetRegister


Network/Sub-networkNameSCHEDULE9a:ASSETREGISTER

schref

8 Voltage Assetcategory Assetclass UnitsItemsatstartofyear

(quantity)Itemsatendofyear

(quantity) NetchangeDataaccuracy

(1–4)9 All OverheadLine Concretepoles/steelstructure No. 52,719 52,670 (49) 410 All OverheadLine Woodpoles No. 1,597 1,591 (6) 211 All OverheadLine Otherpoletypes No. 3 2 (1) 412 HV SubtransmissionLine SubtransmissionOHupto66kVconductor km 293 293 0 413 HV SubtransmissionLine SubtransmissionOH110kV+conductor km – 28 28 414 HV SubtransmissionCable SubtransmissionUGupto66kV(XLPE) km 10 10 0 415 HV SubtransmissionCable SubtransmissionUGupto66kV(Oilpressurised) km 8 8 0 416 HV SubtransmissionCable SubtransmissionUGupto66kV(Gaspressurised) km – – – 417 HV SubtransmissionCable SubtransmissionUGupto66kV(PILC) km 3 3 0 418 HV SubtransmissionCable SubtransmissionUG110kV+(XLPE) km – 0 0 419 HV SubtransmissionCable SubtransmissionUG110kV+(Oilpressurised) km – – – 420 HV SubtransmissionCable SubtransmissionUG110kV+(GasPressurised) km – – – 421 HV SubtransmissionCable SubtransmissionUG110kV+(PILC) km – – – 422 HV SubtransmissionCable Subtransmissionsubmarinecable km 1 1 – 423 HV ZonesubstationBuildings Zonesubstationsupto66kV No. 21 21 – 424 HV ZonesubstationBuildings Zonesubstations110kV+ No. – 2 2 425 HV Zonesubstationswitchgear 50/66/110kVCB(Indoor) No. – – – 426 HV Zonesubstationswitchgear 50/66/110kVCB(Outdoor) No. 6 6 – 427 HV Zonesubstationswitchgear 33kVSwitch(GroundMounted) No. 9 9 – 428 HV Zonesubstationswitchgear 33kVSwitch(PoleMounted) No. 169 171 2 329 HV Zonesubstationswitchgear 33kVRMU No. 4 4 – 430 HV Zonesubstationswitchgear 22/33kVCB(Indoor) No. 27 30 3 431 HV Zonesubstationswitchgear 22/33kVCB(Outdoor) No. 59 59 – 432 HV Zonesubstationswitchgear 3.3/6.6/11/22kVCB(groundmounted) No. 146 146 – 433 HV Zonesubstationswitchgear 3.3/6.6/11/22kVCB(polemounted) No. – – – 434 HV ZoneSubstationTransformer ZoneSubstationTransformers No. 46 42 (4) 435 HV DistributionLine DistributionOHOpenWireConductor km 3,498 3,496 (2) 336 HV DistributionLine DistributionOHAerialCableConductor km – – – 437 HV DistributionLine SWERconductor km – – – 438 HV DistributionCable DistributionUGXLPEorPVC km 215 217 2 339 HV DistributionCable DistributionUGPILC km 35 38 3 340 HV DistributionCable DistributionSubmarineCable km 2 2 – 141 HV Distributionswitchgear 3.3/6.6/11/22kVCB(polemounted)-reclosersandsectionalisers No. 31 29 (2) 442 HV Distributionswitchgear 3.3/6.6/11/22kVCB(Indoor) No. – – – 443 HV Distributionswitchgear 3.3/6.6/11/22kVSwitchesandfuses(polemounted) No. 8,209 8,246 37 344 HV Distributionswitchgear 3.3/6.6/11/22kVSwitch(groundmounted)-exceptRMU No. 29 29 – 445 HV Distributionswitchgear 3.3/6.6/11/22kVRMU No. 177 186 9 446 HV DistributionTransformer PoleMountedTransformer No. 5,779 5,810 31 447 HV DistributionTransformer GroundMountedTransformer No. 1,336 1,351 15 448 HV DistributionTransformer Voltageregulators No. 4 4 – 449 HV DistributionSubstations GroundMountedSubstationHousing No. 117 116 (1) 450 LV LVLine LVOHConductor km 1,202 1,194 (8) 251 LV LVCable LVUGCable km 628 648 20 352 LV LVStreetlighting LVOH/UGStreetlightcircuit km 391 396 5 353 LV Connections OH/UGconsumerserviceconnections No. 56,485 56,950 465 454 All Protection Protectionrelays(electromechanical,solidstateandnumeric) No. 353 355 2 355 All SCADAandcommunications SCADAandcommunicationsequipmentoperatingasasinglesystem Lot 2 2 – 456 All CapacitorBanks Capacitorsincludingcontrols No 28 27 (1) 457 All LoadControl Centralisedplant Lot 6 6 – 458 All LoadControl Relays No 32,503 33,241 738 459 All Civils CableTunnels km – – – N/A

Thisschedulerequiresasummaryofthequantityofassetsthatmakeupthenetwork,byassetcategoryandassetclass.Allunitsrelatingtocableandlineassets,thatareexpressedinkm,refertocircuitlengths.



EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 33 S9b.AssetAgeProfile


Network/Sub-networkName

SCHEDULE9b:ASSETAGEPROFILE

schref8 DisclosureYear(yearended) 31March2016

9 Voltage Assetcategory Assetclass Units pre-19401940–1949

1950–1959

1960–1969

1970–1979

1980–1989

1990–1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

No.withageunknown

Itemsatendofyear

(quantity)

No.withdefaultdates

Dataaccuracy(1–4)

10 All OverheadLine Concretepoles/steelstructure No. 152 179 1,512 8,088 8,551 9,563 7,436 582 562 493 731 798 924 1,616 1,527 1,669 1,177 880 768 756 689 670 751 139 2,457 52,670 2,457 411 All OverheadLine Woodpoles No. 1 – 22 157 224 248 286 7 23 25 44 63 35 49 58 60 39 22 20 3 11 12 66 67 49 1,591 49 212 All OverheadLine Otherpoletypes No. – – 1 – – – 1 – – – – – – – – – – – – – – – – – – 2 – 413 HV SubtransmissionLine SubtransmissionOHupto66kVconductor km – – 72 104 26 38 45 4 0 0 1 0 – – 0 0 0 0 – 1 0 – – – 0 293 0 414 HV SubtransmissionLine SubtransmissionOH110kV+conductor km – – – – 28 – – – – – – – – – – – – – – – – – – – – 28 – 415 HV SubtransmissionCable SubtransmissionUGupto66kV(XLPE) km – – – – – 0 0 1 3 0 0 – 0 0 0 – 3 0 – 0 – 2 0 – 0 10 0 416 HV SubtransmissionCable SubtransmissionUGupto66kV(Oilpressurised) km – – – 5 3 0 – – – – – – – – – – – – – – – – – – – 8 – 417 HV SubtransmissionCable SubtransmissionUGupto66kV(Gaspressurised) km – – – – – – – – – – – – – – – – – – – – – – – – – – – 418 HV SubtransmissionCable SubtransmissionUGupto66kV(PILC) km – – – – – 3 – – – – – – – – – – – – – – – – – – – 3 – 419 HV SubtransmissionCable SubtransmissionUG110kV+(XLPE) km – – – – – – – – – – – – – – – – – – – – – – 0 – – 0 – 420 HV SubtransmissionCable SubtransmissionUG110kV+(Oilpressurised) km – – – – – – – – – – – – – – – – – – – – – – – – – – – 421 HV SubtransmissionCable SubtransmissionUG110kV+(GasPressurised) km – – – – – – – – – – – – – – – – – – – – – – – – – – – 422 HV SubtransmissionCable SubtransmissionUG110kV+(PILC) km – – – – – – – – – – – – – – – – – – – – – – – – – – – 423 HV SubtransmissionCable Subtransmissionsubmarinecable km – – – – – – 1 – – – – – – – – – – – – – – – – – – 1 – 424 HV ZonesubstationBuildings Zonesubstationsupto66kV No. 1 – 2 8 1 4 1 1 – – – – – – 1 2 – – – – – – – – – 21 – 425 HV ZonesubstationBuildings Zonesubstations110kV+ No. – – – 1 – 1 – – – – – – – – – – 0 – – – – – – – – 2 – 426 HV Zonesubstationswitchgear 50/66/110kVCB(Indoor) No. – – – – – – – – – – – – – – – – – – – – – – – – – – – 427 HV Zonesubstationswitchgear 50/66/110kVCB(Outdoor) No. – – – – – – – 3 2 – – 1 – – – – – – – – – – – – – 6 – 428 HV Zonesubstationswitchgear 33kVSwitch(GroundMounted) No. – – – – – – – – – – – – – – – – 9 – – – – – – – – 9 – 429 HV Zonesubstationswitchgear 33kVSwitch(PoleMounted) No. 4 – 9 42 8 25 2 6 4 7 – 2 29 5 3 8 5 2 – 3 4 2 – – 1 171 1 330 HV Zonesubstationswitchgear 33kVRMU No. – – – – – – – 2 2 – – – – – – – – – – – – – – – – 4 – 431 HV Zonesubstationswitchgear 22/33kVCB(Indoor) No. – – – – – 19 1 – 1 1 – – – – 1 – 3 2 – – – 2 – – – 30 – 432 HV Zonesubstationswitchgear 22/33kVCB(Outdoor) No. – – 1 4 3 6 23 6 – – – 5 – – 3 – 2 – 1 1 2 2 – – – 59 – 433 HV Zonesubstationswitchgear 3.3/6.6/11/22kVCB(groundmounted) No. – – 1 16 28 20 1 – 5 – 4 – – 3 7 19 11 20 9 – 1 – 1 – – 146 – 434 HV Zonesubstationswitchgear 3.3/6.6/11/22kVCB(polemounted) No. – – – – – – – – – – – – – – – – – – – – – – – – – – – 435 HV ZoneSubstationTransformer ZoneSubstationTransformers No. – – 2 1 5 5 1 3 1 2 1 – – 8 3 1 5 – – – 1 – 3 – – 42 – 436 HV DistributionLine DistributionOHOpenWireConductor km 14 22 118 603 814 667 433 50 21 54 33 69 37 24 26 25 23 30 50 76 87 38 51 12 119 3,496 119 337 HV DistributionLine DistributionOHAerialCableConductor km – – – – – – – – – – – – – – – – – – – – – – – – – – – 438 HV DistributionLine SWERconductor km – – – – – – – – – – – – – – – – – – – – – – – – – – – 439 HV DistributionCable DistributionUGXLPEorPVC km – – – 2 0 10 26 6 7 12 9 16 23 27 21 8 12 5 4 4 8 5 6 2 5 217 5 340 HV DistributionCable DistributionUGPILC km – – – 5 9 11 5 0 1 – 0 0 0 0 – 0 0 0 0 0 0 – 0 0 6 38 6 341 HV DistributionCable DistributionSubmarineCable km – – – – 2 – – – – – – – – – – – – – – – – – – – – 2 – 142 HV Distributionswitchgear 3.3/6.6/11/22kVCB(polemounted)-reclosersandsectionalisers No. – – – – – – – – 1 – – – 9 – 2 2 3 1 – 4 3 2 2 – – 29 – 443 HV Distributionswitchgear 3.3/6.6/11/22kVCB(Indoor) No. – – – – – – – – – – – – – – – – – – – – – – – – – – – 444 HV Distributionswitchgear 3.3/6.6/11/22kVSwitchesandfuses(polemounted) No. 11 12 18 216 387 702 1,241 159 159 169 175 196 256 202 235 352 538 389 505 448 430 438 436 96 476 8,246 476 345 HV Distributionswitchgear 3.3/6.6/11/22kVSwitch(groundmounted)-exceptRMU No. – – – – 12 6 – – – 2 – 1 7 – – – – – – – – – – – 1 29 1 446 HV Distributionswitchgear 3.3/6.6/11/22kVRMU No. – – – – – 3 11 2 4 3 1 7 37 27 6 11 32 4 1 9 9 6 12 – 1 186 1 447 HV DistributionTransformer PoleMountedTransformer No. 115 169 170 680 568 482 1,221 183 140 162 139 183 161 166 217 126 146 48 142 94 144 219 111 5 19 5,810 19 448 HV DistributionTransformer GroundMountedTransformer No. 3 4 17 184 182 170 154 37 37 41 29 58 84 90 70 26 37 49 3 1 14 31 28 – 2 1,351 2 449 HV DistributionTransformer Voltageregulators No. – – – – 2 – – – – 1 – – 1 – – – – – – – – – – – – 4 – 450 HV DistributionSubstations GroundMountedSubstationHousing No. – – 1 14 20 20 32 6 1 7 1 1 – – 1 4 2 2 2 2 – – – – – 116 – 451 LV LVLine LVOHConductor km 2 3 30 180 197 211 170 10 9 11 25 24 22 16 14 13 18 17 25 21 14 15 12 3 131 1,194 131 252 LV LVCable LVUGCable km 0 – 0 25 52 52 77 15 19 25 35 49 52 51 49 26 29 15 7 6 17 9 16 4 19 648 19 353 LV LVStreetlighting LVOH/UGStreetlightcircuit km – – 1 36 38 31 45 1 4 2 3 7 10 12 11 6 12 1 4 1 2 5 4 0 161 396 161 354 LV Connections OH/UGconsumerserviceconnections No. – – – 4 7 12,036 24,998 3,952 838 899 1,132 1,135 1,193 1,116 1,065 863 782 747 595 637 637 624 841 215 2,634 56,950 2,857 455 All Protection Protectionrelays(electromechanical,solidstateandnumeric) No. – – – 1 – 45 85 13 6 3 3 9 19 17 25 36 24 31 2 9 1 5 – – 21 355 21 356 All SCADAandcommunications SCADAandcommunicationsequipmentoperatingasasinglesystem Lot – – – – – – – – – – – – – – – 1 – – – – – – – 1 – 2 – 457 All CapacitorBanks Capacitorsincludingcontrols No – – – – – – 5 – 1 – – – 3 – – 1 5 8 – 3 – – – 1 – 27 – 458 All LoadControl Centralisedplant Lot – – – – – 2 – – – – 1 – – – 2 – – 1 – – – – – – – 6 – 459 All LoadControl Relays No – – – – – 5,138 6,783 1,104 841 845 3,150 5,128 1,103 831 997 1,190 712 870 574 471 859 772 872 58 943 33,241 943 460 All Civils CableTunnels km – N/A

Thisschedulerequiresasummaryoftheageprofile(basedonyearofinstallation)oftheassetsthatmakeupthenetwork,byassetcategoryandassetclass.Allunitsrelatingtocableandlineassets,thatareexpressedinkm,refertocircuitlengths.


Numberofassetsatdisclosureyearendbyinstallationdate


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 34 S9c.OverheadLines


Network/Sub-networkNameSCHEDULE9c:REPORTONOVERHEADLINESANDUNDERGROUNDCABLES

schref

9

10 Circuitlengthbyoperatingvoltage(atyearend) Overhead(km) Underground(km)Totalcircuitlength

(km)11 >66kV 28 0 2812 50kV&66kV 75 0 7513 33kV 218 22 24114 SWER(allSWERvoltages) –15 22kV(otherthanSWER) –16 6.6kVto11kV(inclusive—otherthanSWER) 3,496 257 3,75217 Lowvoltage(<1kV) 1,194 648 1,84318 Totalcircuitlength(forsupply) 5,011 928 5,9391920 Dedicatedstreetlightingcircuitlength(km) 177 219 39621 Circuitinsensitiveareas(conservationareas,iwiterritoryetc)(km) 11322

23 Overheadcircuitlengthbyterrain(atyearend) Circuitlength(km)(%oftotaloverhead

length)24 Urban 675 13%25 Rural 4,336 87%26 Remoteonly –27 Ruggedonly –28 Remoteandrugged –29 Unallocatedoverheadlines –30 Totaloverheadlength 5,011 100%31

32 Circuitlength(km)(%oftotalcircuit

length)33 Lengthofcircuitwithin10kmofcoastlineorgeothermalareas(whereknown) 3,407 57%

34 Circuitlength(km)(%oftotaloverhead

length)35 Overheadcircuitrequiringvegetationmanagement 3,817 76%

Thisschedulerequiresasummaryofthekeycharacteristicsoftheoverheadlineandundergroundcablenetwork.Allunitsrelatingtocableandlineassets,thatareexpressedinkm,refertocircuitlengths.



EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 35 S9d.EmbeddedNetworks


schref

8 Location* NumberofICPsservedLinechargerevenue

($000)910111213141516171819202122232425

26


*ExtendembeddeddistributionnetworkstableasnecessarytodiscloseeachembeddednetworkownedbytheEDBwhichisembeddedinanotherEDB’snetworkorinanotherembeddednetwork

SCHEDULE9d:REPORTONEMBEDDEDNETWORKSThisschedulerequiresinformationconcerningembeddednetworksownedbyanEDBthatareembeddedinanotherEDB’snetworkorinanotherembeddednetwork.


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 36 S9e.Demand


Network/Sub-networkNameSCHEDULE9e:REPORTONNETWORKDEMAND

schref

8 9e(i):ConsumerConnections9 NumberofICPsconnectedinyearbyconsumertype

10 ConsumertypesdefinedbyEDB*Numberof

connections(ICPs)11 MassMarketnewICP's 90412 CommercialandIndustrialnewICP's –13 VerylargeIndustrialnewICP's –14 [EDBconsumertype]15 [EDBconsumertype]16 *includeadditionalrowsifneeded17 Connectionstotal 9041819 Distributedgeneration20 Numberofconnectionsmadeinyear 174 connections21 Capacityofdistributedgenerationinstalledinyear 0.67 MVA

22 9e(ii):SystemDemand2324

25 Maximumcoincidentsystemdemand26 GXPdemand 15027 plus DistributedgenerationoutputatHVandabove 1328 Maximumcoincidentsystemdemand 16329 less Nettransfersto(from)otherEDBsatHVandabove30 Demandonsystemforsupplytoconsumers'connectionpoints 163

31 Electricityvolumescarried Energy(GWh)32 ElectricitysuppliedfromGXPs 1,04633 less ElectricityexportstoGXPs –34 plus Electricitysuppliedfromdistributedgeneration 2235 less Netelectricitysuppliedto(from)otherEDBs –36 Electricityenteringsystemforsupplytoconsumers'connectionpoints 1,06837 less TotalenergydeliveredtoICPs 1,02938 Electricitylosses(lossratio) 39 3.7%3940 Loadfactor 0.75

41 9e(iii):TransformerCapacity42 (MVA)43 Distributiontransformercapacity(EDBowned) 53644 Distributiontransformercapacity(Non-EDBowned,estimated) 545 Totaldistributiontransformercapacity 5414647 Zonesubstationtransformercapacity 314

Demandattimeofmaximumcoincident

demand(MW)


Thisschedulerequiresasummaryofthekeymeasuresofnetworkutilisationforthedisclosureyear(numberofnewconnectionsincludingdistributedgeneration,peakdemandandelectricityvolumesconveyed).


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 1 S10.Reliability



SCHEDULE10:REPORTONNETWORKRELIABILITY

schref

8 10(i):Interruptions

9 InterruptionsbyclassNumberofinterruptions

10 ClassA(plannedinterruptionsbyTranspower)11 ClassB(plannedinterruptionsonthenetwork) 40612 ClassC(unplannedinterruptionsonthenetwork) 26913 ClassD(unplannedinterruptionsbyTranspower)14 ClassE(unplannedinterruptionsofEDBownedgeneration)15 ClassF(unplannedinterruptionsofgenerationownedbyothers)16 ClassG(unplannedinterruptionscausedbyanotherdisclosingentity)17 ClassH(plannedinterruptionscausedbyanotherdisclosingentity)18 ClassI(interruptionscausedbypartiesnotincludedabove)19 Total 6752021 Interruptionrestoration ≤3Hrs >3hrs22 ClassCinterruptionsrestoredwithin 208 6123

24 SAIFIandSAIDIbyclass SAIFI SAIDI25 ClassA(plannedinterruptionsbyTranspower)26 ClassB(plannedinterruptionsonthenetwork) 0.27 66.527 ClassC(unplannedinterruptionsonthenetwork) 1.89 67.328 ClassD(unplannedinterruptionsbyTranspower)29 ClassE(unplannedinterruptionsofEDBownedgeneration)30 ClassF(unplannedinterruptionsofgenerationownedbyothers)31 ClassG(unplannedinterruptionscausedbyanotherdisclosingentity)32 ClassH(plannedinterruptionscausedbyanotherdisclosingentity)33 ClassI(interruptionscausedbypartiesnotincludedabove)34 Total 2.16 133.835

36 NormalisedSAIFIandSAIDI NormalisedSAIFI NormalisedSAIDI37 ClassesB&C(interruptionsonthenetwork) 2.15 132.9

3839 Qualitypathnormalisedreliabilitylimit SAIFIreliabilitylimit SAIDIreliabilitylimit40 SAIFIandSAIDIlimitsapplicabletodisclosureyear*41 *notapplicabletoexemptEDBs


Thisschedulerequiresasummaryofthekeymeasuresofnetworkreliability(interruptions,SAIDI,SAIFIandfaultrate)forthedisclosureyear.EDBsmustprovideexplanatorycommentontheirnetworkreliabilityforthedisclosureyearinSchedule14(Explanatorynotestotemplates).TheSAIFIandSAIDIinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


EDB-ID-determination-templates-for-schedules-1-to-10-v4.1-24-March-2016.xlsx 2 S10.Reliability



SCHEDULE10:REPORTONNETWORKRELIABILITY


Thisschedulerequiresasummaryofthekeymeasuresofnetworkreliability(interruptions,SAIDI,SAIFIandfaultrate)forthedisclosureyear.EDBsmustprovideexplanatorycommentontheirnetworkreliabilityforthedisclosureyearinSchedule14(Explanatorynotestotemplates).TheSAIFIandSAIDIinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

42 10(ii):ClassCInterruptionsandDurationbyCause43

44 Cause SAIFI SAIDI45 Lightning 0.04 0.346 Vegetation 0.23 14.847 Adverseweather 0.20 10.648 Adverseenvironment49 Thirdpartyinterference 0.31 15.050 Wildlife 0.16 6.451 Humanerror 0.01 0.252 Defectiveequipment 0.36 13.053 Causeunknown 0.58 6.954

55 10(iii):ClassBInterruptionsandDurationbyMainEquipmentInvolved56

57 Mainequipmentinvolved SAIFI SAIDI58 Subtransmissionlines59 Subtransmissioncables60 Subtransmissionother61 Distributionlines(excludingLV)62 Distributioncables(excludingLV) 0.01 2.163 Distributionother(excludingLV) 0.25 64.4

64 10(iv):ClassCInterruptionsandDurationbyMainEquipmentInvolved65

66 Mainequipmentinvolved SAIFI SAIDI67 Subtransmissionlines 0.30 2.368 Subtransmissioncables69 Subtransmissionother70 Distributionlines(excludingLV) 1.54 62.071 Distributioncables(excludingLV) 0.05 3.072 Distributionother(excludingLV)

73 10(v):FaultRate

74 Mainequipmentinvolved NumberofFaults Circuitlength(km)Faultrate(faultsper

100km)75 Subtransmissionlines 8 293 2.7376 Subtransmissioncables 22 –77 Subtransmissionother78 Distributionlines(excludingLV) 252 3,496 7.2179 Distributioncables(excludingLV) 9 257 3.5080 Distributionother(excludingLV)81 Total 269

Commerce Commission Information Disclosure Template

1 EDB-ID-determination-templates-for-schedules-5f-5g-v4.1-24-March-2016.xlsx CoverSheet

EDBInformationDisclosureRequirementsInformationTemplates

forSchedules5f&5g

CompanyName NorthpowerLimited

DisclosureDate

DisclosureYear(yearended) 31March2016

TemplatesforSchedules5f&5gTemplateVersion3.0.Prepared14April2014


1 EDB-ID-determination-templates-for-schedules-5f-5g-v4.1-24-March-2016.xlsx TOC

TableofContents

Schedule Description5f ReportSupportingCostAllocations5g ReportSupportingAssetAllocations


6 EDB-ID-determination-templates-for-schedules-5f-5g-v4.1-24-March-2016.xlsx S5f.Cost Allocation Support


SCHEDULE5f:REPORTSUPPORTINGCOSTALLOCATIONS

schref7

8HavecostsbeenallocatedinaggregateusingACAMinaccordancewithclause2.1.1(3)oftheIMDetermination?

No

9

10


servicesNon-electricity

distributionservicesArm'slengthdeduction



12 Serviceinterruptionsandemergencies13 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -14 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -15 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -16 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -17 Notdirectlyattributable - - - - -

18 Vegetationmanagement19 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -20 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -21 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -22 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -23 Notdirectlyattributable - - - - -

24 Routineandcorrectivemaintenanceandinspection25 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -26 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -27 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -28 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -29 Notdirectlyattributable - - - - -

30 Assetreplacementandrenewal31 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -32 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -33 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -34 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -35 Notdirectlyattributable - - - - -

Costallocator Allocatortype

Thisschedulerequiresadditionaldetailontheassetallocationmethodologyappliedinallocatingassetvaluesthatarenotdirectlyattributable,tosupporttheinformationprovidedinSchedule5d(Costallocations).Thisscheduleisnotrequiredtobepubliclydisclosed,butmustbedisclosedtotheCommission.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


AllocatorMetric(%) Valueallocated($000)

OVABAAallocationincrease($000)LineItem*

Allocationmethodologytype


7 EDB-ID-determination-templates-for-schedules-5f-5g-v4.1-24-March-2016.xlsx S5f.Cost Allocation Support


SCHEDULE5f:REPORTSUPPORTINGCOSTALLOCATIONS

schref

Thisschedulerequiresadditionaldetailontheassetallocationmethodologyappliedinallocatingassetvaluesthatarenotdirectlyattributable,tosupporttheinformationprovidedinSchedule5d(Costallocations).Thisscheduleisnotrequiredtobepubliclydisclosed,butmustbedisclosedtotheCommission.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.


43 Systemoperationsandnetworksupport44 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -45 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -46 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -47 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -48 Notdirectlyattributable - - - - -

49 Businesssupport50 HumanResources ABAA Headcount Proxy 3.45% 96.55% 80 2,245 2,32551 InformationTechnology ABAA Numberofterminal Proxy 7.46% 92.54% 396 4,909 5,30552 Finance ABAA Revenue Proxy 24.49% 75.51% 305 942 1,247

Rent ABAA Floorspace Causal 29.50% 70.50% 150 359 51053 Corporate/ExecutiveBoard ABAA Revenue Proxy 24.49% 75.51% 832 2,567 3,39954 Notdirectlyattributable - 1,764 11,022 12,786 -5556 Operatingcostsnotdirectlyattributable - 1,764 11,022 12,786 -57

58 Passthroughandrecoverablecosts

59 Passthroughcosts60 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -61 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -62 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -63 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -64 Notdirectlyattributable - - - - -

65 Recoverablecosts66 Insertcostdescription e.g.ABAA Allocator1 [Selectone] -67 Insertcostdescription e.g.ABAA Allocator2 [Selectone] -68 Insertcostdescription e.g.ABAA Allocator3 [Selectone] -69 Insertcostdescription e.g.ABAA Allocator4 [Selectone] -70 Notdirectlyattributable - - - - -

*includeadditionalrowsifneeded


1 EDB-ID-determination-templates-for-schedules-5f-5g-v4.1-24-March-2016.xlsx S5g.Asset Allocation Support


SCHEDULE5g:REPORTSUPPORTINGASSETALLOCATIONS

schref7

8HaveassetsbeenallocatedinaggregateusingACAMinaccordancewithclause2.1.1(3)oftheIMDetermination?

Yes

9

10


servicesNon-electricity

distributionservicesArm'slengthdeduction



12 Subtransmissionlines13 Poles ACAM Allocator1 [Selectone] 100.00% 357 35714 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -15 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -16 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -17 Notdirectlyattributable - 357 - 357 -

18 Subtransmissioncables19 Insertassetdescription e.g.ABAA Allocator1 [Selectone] -20 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -21 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -22 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -23 Notdirectlyattributable - - - - -

24 Zonesubstations25 Insertassetdescription e.g.ABAA Allocator1 [Selectone] -26 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -27 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -28 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -29 Notdirectlyattributable - - - - -

30 DistributionandLVlines31 Poles ACAM Allocator1 [Selectone] 100.00% 3,504 3,50432 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -33 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -34 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -35 Notdirectlyattributable - 3,504 - 3,504 -

36 DistributionandLVcables37 Ductsandcivils ACAM Allocator1 [Selectone] 100.00% 208 20838 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -39 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -40 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -41 Notdirectlyattributable - 208 - 208 -

AllocationmethodologytypeLineItem*


AllocatorMetric(%) Valueallocated($000)

OVABAAallocationincrease($000)

Thisschedulerequiresadditionaldetailontheassetallocationmethodologyappliedinallocatingassetvaluesthatarenotdirectlyattributable,tosupporttheinformationprovidedinSchedule5e(ReportonAssetAllocations).Thisscheduleisnotrequiredtobepubliclydisclosed,butmustbedisclosedtotheCommission.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

AllocatortypeAllocator


2 EDB-ID-determination-templates-for-schedules-5f-5g-v4.1-24-March-2016.xlsx S5g.Asset Allocation Support


SCHEDULE5g:REPORTSUPPORTINGASSETALLOCATIONS

schref


Thisschedulerequiresadditionaldetailontheassetallocationmethodologyappliedinallocatingassetvaluesthatarenotdirectlyattributable,tosupporttheinformationprovidedinSchedule5e(ReportonAssetAllocations).Thisscheduleisnotrequiredtobepubliclydisclosed,butmustbedisclosedtotheCommission.Thisinformationispartofauditeddisclosureinformation(asdefinedinsection1.4oftheIDdetermination),andsoissubjecttotheassurancereportrequiredbysection2.8.

49 Distributionsubstationsandtransformers50 Insertassetdescription e.g.ABAA Allocator1 [Selectone] -51 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -52 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -53 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -54 Notdirectlyattributable - - - - -55

56 Distributionswitchgear57 Insertassetdescription e.g.ABAA Allocator1 [Selectone] -58 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -59 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -60 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -61 Notdirectlyattributable - - - - -

62 Othernetworkassets63 Insertassetdescription e.g.ABAA Allocator1 [Selectone] -64 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -65 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -66 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -67 Notdirectlyattributable - - - - -

68 Non-networkassets69 Insertassetdescription e.g.ABAA Allocator1 [Selectone] -70 Insertassetdescription e.g.ABAA Allocator2 [Selectone] -71 Insertassetdescription e.g.ABAA Allocator3 [Selectone] -72 Insertassetdescription e.g.ABAA Allocator4 [Selectone] -73 Notdirectlyattributable - - - - -7475 Regulatedserviceassetvaluenotdirectlyattributable - 4,069 - 4,069 -

*includeadditionalrowsifneeded

Electricity Distribution Information Disclosure Determination 2012 – (consolidated in 2015) – Schedules 14-15

Company Name Northpower Ltd

For Year Ended 31 March 2016

Schedule 14 Mandatory Explanatory Notes

1. This schedule requires EDBs to provide explanatory notes to information provided in accordance with clauses 2.3.1, 2.4.21, 2.4.22, and subclauses 2.5.1(1)(f),and

2.5.2(1)(e).

2. This schedule is mandatory—EDBs must provide the explanatory comment specified below, in accordance with clause 2.7.1. Information provided in boxes 1 to 12 of this schedule is part of the audited disclosure information, and so is subject to the

assurance requirements specified in section 2.8.

3. Schedule 15 (Voluntary Explanatory Notes to Schedules) provides for EDBs to give

additional explanation of disclosed information should they elect to do so.

Return on Investment (Schedule 2)

4. In the box below, comment on return on investment as disclosed in Schedule 2. This comment must include information on reclassified items in accordance with subclause 2.7.1(2).

Box 1: Explanatory comment on return on investment

The calculated post tax WACC and vanilla WACC for the disclosure year was 6.67% and 7.31%, respectively. The calculated return on investment was within the range of post-tax

WACC and vanilla WACC as determined by the Commission.

Regulatory Profit (Schedule 3)

5. In the box below, comment on regulatory profit for the disclosure year as disclosed

in Schedule 3. This comment must include-

5.1 a description of material items included in other regulated income (other than gains / (losses) on asset disposals), as disclosed in 3(i) of Schedule 3

5.2 information on reclassified items in accordance with subclause 2.7.1(2).

Box 2: Explanatory comment on regulatory profit

Other regulatory line income amounting to $293k relates to value added work on charged to customers.


Merger and acquisition expenses (3(iv) of Schedule 3)

6. If the EDB incurred merger and acquisitions expenditure during the disclosure year,

provide the following information in the box below-

6.1 information on reclassified items in accordance with subclause 2.7.1(2)

6.2 any other commentary on the benefits of the merger and acquisition

expenditure to the EDB.

Box 3: Explanatory comment on merger and acquisition expenditure

Not applicable – there were no incurred merger and acquisitions expenditures during the

disclosure year.

Value of the Regulatory Asset Base (Schedule 4)

7. In the box below, comment on the value of the regulatory asset base (rolled forward) in Schedule 4. This comment must include information on reclassified items in

accordance with subclause 2.7.1(2).

Box 4: Explanatory comment on the value of the regulatory asset based (rolled forward)

The RAB rollforward in Schedule 4 is determined in accordance with the

requirements per IM.

There are no reclassifications made.

FY16 additions include the purchase of assets from Transpower.

Regulatory tax allowance: disclosure of permanent differences (5a(i) of Schedule 5a)

8. In the box below, provide descriptions and workings of the material items recorded in the following asterisked categories of 5a(i) of Schedule 5a-

8.1 Income not included in regulatory profit / (loss) before tax but taxable;

8.2 Expenditure or loss in regulatory profit / (loss) before tax but not deductible;

8.3 Income included in regulatory profit / (loss) before tax but not taxable;

8.4 Expenditure or loss deductible but not in regulatory profit / (loss) before tax.


Box 5: Regulatory tax allowance: permanent differences

Discretionary discounts and rebates – not included in regulatory profit

calculation however this was considered deductible for tax purposes.

Entertainment expense not deductible for tax purposes.

Regulatory tax allowance: disclosure of temporary differences (5a(vi) of Schedule 5a)

9. In the box below, provide descriptions and workings of material items recorded in the asterisked category ‘Tax effect of other temporary differences’ in 5a(vi) of

Schedule 5a.

Box 6: Tax effect of other temporary differences (current disclosure year)

Other temporary differences in 5a(vi) of Schedule 5a represent expenditure capitalised in RAB but treated as deductible expenditure for tax purposes.

Related party transactions: disclosure of related party transactions (Schedule 5b)

10. In the box below, provide descriptions of related party transactions beyond those disclosed on Schedule 5b including identification and descriptions as to the nature of

directly attributable costs disclosed under subclause 2.3.6(1)(b).

Box 7: Related party transactions

Related party transactions disclosed on schedule 5b all relate to services provided by

Northpower Contracting division to the EDB. These include:

Construction of distribution system assets recognised as capital expenditure which were provided in accordance with formal Service Level agreement.

Distribution system maintenance, management fee, and other services which are recognised as operating expenditure are provided in accordance with Service Level

Agreement.

Cost allocation (Schedule 5d)

11. In the box below, comment on cost allocation as disclosed in Schedule 5d. This comment must include information on reclassified items in accordance with subclause 2.7.1(2).


Box 8: Cost allocation

We have applied the accounting-based allocation approach (ABAA) in respect of allocating

operating costs not directly attributable.

There are no items reclassified.

Asset allocation (Schedule 5e)

12. In the box below, comment on asset allocation as disclosed in Schedule 5e. This comment must include information on reclassified items in accordance with

subclause 2.7.1(2).

Box 9: Commentary on asset allocation

We have used avoidable cost allocation methodology (ACAM) in respect of allocating regulated service asset values not directly attributable which consists of poles and ducts shared by both the EDB and the unregulated fibre business. We have determined ACAM as an appropriate allocation methodology as the total value of regulated service asset values not directly attributable less any arms-length deductions is less than 10% of the aggregate unallocated closing RAB value in accordance with clauses 2.2.2(4)(b) of the IMs.

Capital Expenditure for the Disclosure Year (Schedule 6a)

13. In the box below, comment on expenditure on assets for the disclosure year, as

disclosed in Schedule 6a. This comment must include-

13.1 a description of the materiality threshold applied to identify material projects

and programmes described in Schedule 6a;

13.2 information on reclassified items in accordance with subclause 2.7.1(2),

Box 10: Explanation of capital expenditure for the disclosure year

Projects and programmes as stated in schedule 6a were very specific and adequately

describe the nature of the projects and programmes.


Operational Expenditure for the Disclosure Year (Schedule 6b)

14. In the box below, comment on operational expenditure for the disclosure year, as

disclosed in Schedule 6b. This comment must include-

14.1 Commentary on assets replaced or renewed with asset replacement and

renewal operational expenditure, as reported in 6b(i) of Schedule 6b;

14.2 Information on reclassified items in accordance with subclause 2.7.1(2);

14.3 Commentary on any material atypical expenditure included in operational expenditure disclosed in Schedule 6b, a including the value of the expenditure the purpose of the expenditure, and the operational expenditure

categories the expenditure relates to.

Box 11: Explanation of operational expenditure for the disclosure year

Asset replacement and renewal operating expenditure relate to work done to make good on defects identified during scheduled preventive maintenance inspections.

There are no reclassified items to report.

No material atypical expenditure included in the operational expenditure.

Variance between forecast and actual expenditure (Schedule 7)

15. In the box below, comment on variance in actual to forecast expenditure for the disclosure year, as reported in Schedule 7. This comment must include information on reclassified items in accordance with subclause 2.7.1(2).


Box 12: Explanatory comment on variance in actual to forecast expenditure

Overall, actual capital expenditure on network assets was 46% higher than the target capital expenditure. Consumer connections expenditure was higher than forecast due to an upsurge in the number of new subdivisions during FY16. Reliability, safety and environment costs was lower in FY 16 due to timing (or deferral) of implementation of the relevant projects planned for the year. System growth of 1223% was due to the growth in the zone substation and sub transmission area.

Overall, actual network operating expenditure was 22% higher to target due to an increased spend on service interruptions and emergencies, asset replacement and renewal and vegetation management. This was a result of poor weather conditions and a couple of major transformer malfunctions.

Information relating to revenues and quantities for the disclosure year

16. In the box below provide-

16.1 a comparison of the target revenue disclosed before the start of the disclosure year, in accordance with clause 2.4.1 and subclause 2.4.3(3) to total billed line charge revenue for the disclosure year, as disclosed in

Schedule 8; and

16.2 explanatory comment on reasons for any material differences between target revenue and total billed line charge revenue.

Box 13: Explanatory comment relating to revenue for the disclosure year

Target revenue disclosed before the start of the year was lower (2%) than the total billed line charge revenue for the disclosure year. No material movement between target revenue and total billed line charge revenue noted.

Network Reliability for the Disclosure Year (Schedule 10)

17. In the box below, comment on network reliability for the disclosure year, as

disclosed in Schedule 10.


Box 14: Commentary on network reliability for the disclosure year

SAIFI for the disclosure year was measured at 2.16 interruptions per customer.

The target for planned SAIDI of 55 minutes was not achieved and the result of 67 minutes was largely due to the amount and nature of asset-replacement work on the network. Unplanned SAIDI target of 90 minutes was achieved with a result of 67 minutes. This was mainly due to more favourable winter weather conditions than had been experienced in previous years.

Insurance cover

18. In the box below, provide details of any insurance cover for the assets used to

provide electricity distribution services, including-

18.1 The EDB’s approaches and practices in regard to the insurance of assets used to provide electricity distribution services, including the level of insurance;

18.2 In respect of any self insurance, the level of reserves, details of how reserves

are managed and invested, and details of any reinsurance.

Box 15: Explanation of insurance cover

Significant assets located in one place (e.g. zone substations, control room) are insured under a comprehensive replacement insurance policy. Assets that are spread over a large

area (e.g. lines, cables and distribution transformers) are uninsured.

Amendments to previously disclosed information

19. In the box below, provide information about amendments to previously disclosed information disclosed in accordance with clause 2.12.1 in the last 7 years, including:

19.1 a description of each error; and

19.2 for each error, reference to the web address where the disclosure made in

accordance with clause 2.12.1 is publicly disclosed.

Box 16: Disclosure of amendment to previously disclosed information

None to report




Schedule 14a Mandatory Explanatory Notes on Forecast Information

1. This Schedule requires EDBs to provide explanatory notes to reports prepared in accordance with clause 2.6.6.

2. This Schedule is mandatory—EDBs must provide the explanatory comment specified below, in accordance with clause 2.7.2. This information is not part of the audited disclosure information, and so is not subject to the assurance requirements specified in section 2.8.

Commentary on difference between nominal and constant price capital expenditure

forecasts (Schedule 11a)

3. In the box below, comment on the difference between nominal and constant price capital expenditure for the current disclosure year and 10 year planning period, as disclosed in Schedule 11a.

Box 1: Commentary on difference between nominal and constant price capital expenditure forecasts

Future expenditures have been escalated at a rate of 2% per annum in accordance with published NZ government CPI forecasts.

Commentary on difference between nominal and constant price operational expenditure

forecasts (Schedule 11b)

4. In the box below, comment on the difference between nominal and constant price operational expenditure for the current disclosure year and 10 year planning period,

as disclosed in Schedule 11b.

Box 2: Commentary on difference between nominal and constant price operational expenditure forecasts

Future expenditures have been escalated at a rate of 2% per annum in accordance with

published NZ government CPI forecasts.




Schedule 15 Voluntary Explanatory Notes

1. This schedule enables EDBs to provide, should they wish to-

1.1 additional explanatory comment to reports prepared in accordance with

clauses 2.3.1, 2.4.21, 2.4.22, 2.5.1 and 2.5.2;

1.2 information on any substantial changes to information disclosed in relation to

a prior disclosure year, as a result of final wash-ups.

2. Information in this schedule is not part of the audited disclosure information, and so is not subject to the assurance requirements specified in section 2.8.

3. Provide additional explanatory comment in the box below.

Box 1: Voluntary explanatory comment on disclosed information

In disclosing our target revenue in Schedule 7(i),we note that the section in the Northpower pricing methodology that is noted in Appendix 2 as meeting the requirement of clause 2.4.3(3) of the ID Determination (section 9.6) actually represents past revenue information rather than target revenue figures. This then results in a situation where there is no previously disclosed value to use when completing cell H8 of Schedule 7(i). We have therefore used the budgeted revenue figure as approved by the Board in cell H8 of Schedule 7(i).

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