Hanmer Springs Thermal Pools and Spa - Group Activity Summary

Transcription

1 Account Annual Plan Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year / / / / / / / / / / /2028 Hanmer Springs Thermal Pools and Spa - Group Activity Summary Rates Hanmer Springs Thermal Pools and Spa - Activity Summary 0 583,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Total Rates 0 583,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Raw increase 0.00% % 62.32% 7.40% 1.35% % -2.37% % % % Hanmer Springs Thermal Pools and Spa - Activity Summary 12,493,610 12,853,890 13,460,173 14,350,186 15,463,473 16,096,187 16,871,229 17,663,717 18,107,866 18,852,316 19,588,870 Total 12,493,610 12,853,890 13,460,173 14,350,186 15,463,473 16,096,187 16,871,229 17,663,717 18,107,866 18,852,316 19,588,870 Internal Interest Received Hanmer Springs Thermal Pools and Spa - Activity Summary Total Internal Interest Received Transfer from Reserves Hanmer Springs Thermal Pools and Spa - Activity Summary 4,580,429 4,921,304 5,223,171 5,677,418 6,259,277 6,534,182 7,630,312 8,169,709 8,490,266 9,095,379 9,683,580 Total Transfer from Reserves 4,580,429 4,921,304 5,223,171 5,677,418 6,259,277 6,534,182 7,630,312 8,169,709 8,490,266 9,095,379 9,683,580 Total Operating Revenue 17,074,039 18,359,082 19,872,868 21,958,380 23,796,386 24,732,071 26,013,525 27,309,501 27,909,059 29,113,159 30,274,098 Hanmer Springs Thermal Pools and Spa - Activity Summary 4,614,086 4,698,482 4,820,072 4,949,181 5,084,856 5,229,431 5,380,826 5,546,755 5,724,021 5,917,229 6,128,732 Total 4,614,086 4,698,482 4,820,072 4,949,181 5,084,856 5,229,431 5,380,826 5,546,755 5,724,021 5,917,229 6,128,732 Hanmer Springs Thermal Pools and Spa - Activity Summary 4,214,294 4,352,673 4,533,669 4,775,661 5,101,880 5,333,975 5,526,847 5,732,040 5,899,498 6,080,535 6,277,065 Total 4,214,294 4,352,673 4,533,669 4,775,661 5,101,880 5,333,975 5,526,847 5,732,040 5,899,498 6,080,535 6,277,065 Internal Interest Paid Hanmer Springs Thermal Pools and Spa - Activity Summary 911, , , , , , , , , ,295 79,246 Total Internal Interest Paid 911, , , , , , , , , ,295 79,246 Council Overheads Hanmer Springs Thermal Pools and Spa - Activity Summary 162, , , , , , , , , , ,772 Total Council Overheads 162, , , , , , , , , , ,772 Depreciation Hanmer Springs Thermal Pools and Spa - Activity Summary 913, , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Total Depreciation 913, , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Hanmer Springs Thermal Pools and Spa - Activity Summary 6,258,499 7,567,035 8,702,901 10,265,648 11,525,640 12,145,030 13,241,164 14,249,258 14,701,220 15,735,105 16,680,273 Total 6,258,499 7,567,035 8,702,901 10,265,648 11,525,640 12,145,030 13,241,164 14,249,258 14,701,220 15,735,105 16,680,273 Total Operating Expenditure 17,074,039 18,359,082 19,872,868 21,958,380 23,796,386 24,732,071 26,013,525 27,309,501 27,909,059 29,113,159 30,274,098 Operating Surplus (Deficit) Capital Statement OPENING BALANCE CAPITAL REVENUE Hanmer Springs Thermal Pools and Spa - Activity Summary (18,748) 644,081 1,521,031 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 Total Capital Revenue (18,748) 644,081 1,521,031 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 CAPITAL EXPENDITURE Hanmer Springs Thermal Pools and Spa - Activity Summary 990,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 Total Capital Expenditure 990,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 CLOSING BALANCE (1,008,748) (1,155,919) (1,494,164) (949,515) 337,962 2,469, ,309 2,243,487 2,350,139 2,602,458 1,627,080

2 Hanmer Springs Thermal Pools and Spa - Activity Summary Rates Hanmer Springs Thermal Pools & Spa - Sub Activity Summary Hanmer Springs Thermal Reserve Administration - Sub Activity Summar ,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Total Rates ,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 11,932,225 12,493,610 12,853,890 13,460,173 14,350,186 15,463,473 16,096,187 16,871,229 17,663,717 18,107,866 18,852,316 19,588,870 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar Total 11,932,225 12,493,610 12,853,890 13,460,173 14,350,186 15,463,473 16,096,187 16,871,229 17,663,717 18,107,866 18,852,316 19,588,870 Internal Interest Received Hanmer Springs Thermal Pools & Spa - Sub Activity Summary Hanmer Springs Thermal Reserve Administration - Sub Activity Summar Total Internal Interest Received Transfer from Reserves Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 3,245,137 3,491,941 3,620,551 3,920,385 4,435,271 5,082,456 5,334,109 5,760,329 6,176,795 6,271,118 6,635,895 6,958,622 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar 1,298,460 1,088,488 1,300,753 1,302,786 1,242,147 1,176,821 1,200,073 1,869,983 1,992,913 2,219,148 2,459,484 2,724,958 Total Transfer from Reserves 4,543,597 4,580,429 4,921,304 5,223,171 5,677,418 6,259,277 6,534,182 7,630,312 8,169,709 8,490,266 9,095,379 9,683,580 Total Operating Revenue 16,475,822 17,074,039 18,359,082 19,872,868 21,958,380 23,796,386 24,732,071 26,013,525 27,309,501 27,909,059 29,113,159 30,274,098 Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 4,378,809 4,583,775 4,671,666 4,792,688 4,921,204 5,056,259 5,200,188 5,350,913 5,516,120 5,692,636 5,885,044 6,095,695 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar 20,106 30,311 26,816 27,384 27,977 28,597 29,243 29,913 30,635 31,385 32,185 33,037 Total 4,398,915 4,614,086 4,698,482 4,820,072 4,949,181 5,084,856 5,229,431 5,380,826 5,546,755 5,724,021 5,917,229 6,128,732 Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 4,106,616 4,214,294 4,352,673 4,533,669 4,775,661 5,101,880 5,333,975 5,526,847 5,732,040 5,899,498 6,080,535 6,277,065 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar 4, Total 4,110,617 4,214,294 4,352,673 4,533,669 4,775,661 5,101,880 5,333,975 5,526,847 5,732,040 5,899,498 6,080,535 6,277,065 Internal Interest Paid Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 701, , , , , , , , , , ,295 79,246 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar Total Internal Interest Paid 701, , , , , , , , , , ,295 79,246 Council Overheads Hanmer Springs Thermal Pools & Spa - Sub Activity Summary Hanmer Springs Thermal Reserve Administration - Sub Activity Summar 155, , , , , , , , , , , ,772 Total Council Overheads 155, , , , , , , , , , , ,772 Depreciation Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 862, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar Total Depreciation 862, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 5,127,481 5,362,406 5,895,186 6,427,767 7,315,106 8,501,067 9,074,076 10,096,453 11,021,723 11,418,334 12,364,865 13,213,477 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar 1,118, ,093 1,671,849 2,275,134 2,950,543 3,024,573 3,070,954 3,144,711 3,227,535 3,282,885 3,370,240 3,466,796 Total 6,246,380 6,258,499 7,567,035 8,702,901 10,265,648 11,525,640 12,145,030 13,241,164 14,249,258 14,701,220 15,735,105 16,680,273 Total Operating Expenditure 16,475,822 17,074,039 18,359,082 19,872,868 21,958,380 23,796,386 24,732,071 26,013,525 27,309,501 27,909,059 29,113,159 30,274,098 Capital Statement OPENING BALANCE CAPITAL REVENUE Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 1,509,191 1,695,541 1,829,551 2,133,816 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar (1,584,758) (1,714,289) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0) Total Capital Revenue (75,567) (18,748) 644,081 1,521,031 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 CAPITAL EXPENDITURE Hanmer Springs Thermal Pools & Spa - Sub Activity Summary 1,170, ,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 Hanmer Springs Thermal Reserve Administration - Sub Activity Summar Total Capital Expenditure 1,170, ,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 CLOSING BALANCE (1,246,358) (1,008,748) (1,155,919) (1,494,164) (949,515) 337,962 2,469, ,309 2,243,487 2,350,139 2,602,458 1,627,080

3 Hanmer Springs Thermal Pools & Spa - Sub Activity Summary Rates HSTP&S Admin Total Rates HSTP&S Admin 201, , , , , , , , , , , ,488 Thermal Pools 7,964,981 8,279,010 8,479,010 8,884,590 9,560,652 10,495,235 10,950,140 11,538,142 12,139,776 12,382,570 12,912,222 13,418,836 Spa 1,424,322 1,619,000 1,651,380 1,719,417 1,791,804 1,869,031 1,951,455 2,039,271 2,134,913 2,237,388 2,348,810 2,470,479 Café 950,934 1,050,000 1,102,500 1,157,625 1,215,506 1,251,971 1,289,531 1,328,217 1,368,063 1,409,105 1,451,378 1,494,919 Isite Retail 367, , , , , , , , , , , ,158 Isite Bookings 676, , , , , , , , , , , ,222 Artisan Spa 346, , , , , , , , , , , ,768 Total 11,932,225 12,493,610 12,853,890 13,460,173 14,350,186 15,463,473 16,096,187 16,871,229 17,663,717 18,107,866 18,852,316 19,588,870 Internal Interest Received HSTP&S Admin Total Internal Interest Received Development Contributions HSTP&S Admin Total Development Contributions Council Overheads (Income) HSTP&S Admin Total Council Overheads Transfer from Reserves HSTP&S Admin 3,245,137 3,491,941 3,620,551 3,920,385 4,435,271 5,082,456 5,334,109 5,760,329 6,176,795 6,271,118 6,635,895 6,958,622 Total Transfer from Reserves 3,245,137 3,491,941 3,620,551 3,920,385 4,435,271 5,082,456 5,334,109 5,760,329 6,176,795 6,271,118 6,635,895 6,958,622 Total Operating Revenue 15,177,362 15,985,551 16,474,441 17,380,558 18,785,457 20,545,929 21,430,296 22,631,558 23,840,512 24,378,984 25,488,211 26,547,492

4 HSTP&S Admin Thermal Pools 2,652,433 2,883,000 2,940,660 3,003,002 3,069,368 3,140,271 3,215,951 3,296,350 3,385,022 3,479,802 3,583,501 3,697,456 Spa 873, , , , ,875 1,042,970 1,088,965 1,137,969 1,191,339 1,248,524 1,310,700 1,378,594 Café 406, , , , , , , , , , , ,651 Isite Retail 116,798 98, , , , , , , , , , ,383 Isite Bookings 105,667 90,225 92,030 93,981 96,058 98, , , , , , ,714 Artisan Spa 224, , , , , , , , , , , ,897 Total 4,378,809 4,583,775 4,671,666 4,792,688 4,921,204 5,056,259 5,200,188 5,350,913 5,516,120 5,692,636 5,885,044 6,095,695 HSTP&S Admin Thermal Pools 2,368,919 2,335,000 2,431,700 2,532,192 2,688,153 2,947,940 3,116,575 3,244,489 3,380,422 3,475,072 3,578,631 3,692,430 Spa 220, , , , , , , , , , , ,404 Café 509, , , , , , , , , , , ,511 Isite Retail 266, , , , , , , , , , , ,070 Isite Bookings 638, , , , , , , , , , , ,898 Artisan Spa 103, , , , , , , , , , , ,752 Total 4,106,616 4,214,294 4,352,673 4,533,669 4,775,661 5,101,880 5,333,975 5,526,847 5,732,040 5,899,498 6,080,535 6,277,065 Internal Interest Paid HSTP&S Admin 701, , , , , , , , , , ,295 79,246 Total Internal Interest Paid 701, , , , , , , , , , ,295 79,246 Depreciation HSTP&S Admin 862, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Total Depreciation 862, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 HSTP&S Admin 1,882,344 1,870,465 2,274,635 2,507,382 2,879,835 3,418,611 3,739,967 4,336,124 4,844,927 5,147,216 5,728,970 6,254,855 Thermal Pools 2,943,629 3,061,010 3,106,650 3,349,396 3,803,131 4,407,024 4,617,614 4,997,303 5,374,332 5,427,696 5,750,090 6,028,950 Spa 331, , , , , , , , , , , ,481 Café 35,222 32,160 53,295 73,476 94, , , , , , , ,757 Isite Retail (15,967) 12,300 15,096 26,062 38,474 44,845 47,210 49,524 51,604 53,575 55,296 56,705 Isite Bookings (67,134) (37,065) (37,097) (37,884) (38,716) (39,599) (40,538) (41,529) (42,614) (43,769) (45,022) (46,390) Artisan Spa 18,367 (20,000) 30,000 37,900 46,387 55,497 65,264 79,333 85,387 91,694 98, ,119 Total 5,127,481 5,362,406 5,895,186 6,427,767 7,315,106 8,501,067 9,074,076 10,096,453 11,021,723 11,418,334 12,364,865 13,213,477 Total Operating Expenditure 15,177,362 15,985,551 16,474,441 17,380,558 18,785,457 20,545,929 21,430,296 22,631,558 23,840,512 24,378,984 25,488,211 26,547,492 Capital Statement OPENING BALANCE CAPITAL REVENUE HSTP&S Admin 1,509,191 1,695,541 1,829,551 2,133,816 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 Total Capital Revenue 1,509,191 1,695,541 1,829,551 2,133,816 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 CAPITAL EXPENDITURE HSTP&S Admin 1,170, ,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 Total Capital Expenditure 1,170, ,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 CLOSING BALANCE 338, ,541 29,551 (881,379) (949,515) 337,962 2,469, ,309 2,243,487 2,350,139 2,602,458 1,627,080

5 Hanmer Springs Thermal Pools and Spa Administration (Separate Accounting System) External Rent - Bank 10,097 10,000 10,000 10,212 10,433 10,664 10,905 11,155 11,424 11,704 12,002 12,320 Internal Rent - Spa 9,000 9,000 9,000 9,191 9,390 9,598 9,815 10,040 10,282 10,534 10,802 11,088 Internal Rent - Café 99,600 99, , , , , , , , , , ,200 Internal Rent - Isite Retail 12,500 12,500 15,000 15,318 15,650 15,996 16,358 16,733 17,136 17,556 18,003 18,480 Internal Rent - Isite Bookings 12,500 12,500 15,000 15,318 15,650 15,996 16,358 16,733 17,136 17,556 18,003 18,480 Magic Memories 57,038 60,000 60,000 61,272 62,598 63,984 65,430 66,930 68,544 70,224 72,012 73,920 Interest received - Call Account Total 201, , , , , , , , , , , ,488 Transfer from Reserves Cash Surplus from Thermal Pools 2,943,629 3,061,010 3,106,650 3,349,396 3,803,131 4,407,024 4,617,614 4,997,303 5,374,332 5,427,696 5,750,090 6,028,950 Cash Surplus from Spa 331, , , , , , , , , , , ,481 Cash Surplus from Café 35,222 32,160 53,295 73,476 94, , , , , , , ,757 Cash Surplus from Isite Retail (15,967) 12,300 15,096 26,062 38,474 44,845 47,210 49,524 51,604 53,575 55,296 56,705 Cash Surplus from Isite Bookings (67,134) (37,065) (37,097) (37,884) (38,716) (39,599) (40,538) (41,529) (42,614) (43,769) (45,022) (46,390) Cash Surplus from Artisan 18,367 (20,000) 30,000 37,900 46,387 55,497 65,264 79,333 85,387 91,694 98, ,119 Total Transfer from Reserves 3,245,137 3,491,941 3,620,551 3,920,385 4,435,271 5,082,456 5,334,109 5,760,329 6,176,795 6,271,118 6,635,895 6,958,622 Total Operating Revenue 3,446,800 3,695,541 3,829,551 4,133,816 4,653,321 5,305,334 5,562,024 5,993,469 6,415,557 6,515,732 6,886,737 7,216,110 Internal Interest Paid Internal Interest Paid 701, , , , , , , , , , ,295 79,246 Total Internal Interest Paid 701, , , , , , , , , , ,295 79,246 Depreciation Depreciation - Thermal Pools 794, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Depreciation - Spa 58,482 54,996 Depreciation - Artisan 9,717 8, Total Depreciation 862, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 Other Dividend Payment to HSTR ($2 million less Interest Years to 5 and then $2.5 million (Inflation Adjusted) less Interest for Year 6 to 10) 1,298,460 1,088,488 1,300,753 1,302,786 1,242,147 1,176,821 1,200,073 1,869,983 1,992,913 2,219,148 2,459,484 2,724,958 Additional Capital Payment Funding 583, , ,882 1,204,595 1,637,687 2,241,790 2,539,894 2,466,141 2,852,014 2,928,068 3,269,486 3,529,897 Total 1,882,344 1,870,465 2,274,635 2,507,382 2,879,835 3,418,611 3,739,967 4,336,124 4,844,927 5,147,216 5,728,970 6,254,855 Total Operating Expenditure 3,446,800 3,695,541 3,829,551 4,133,816 4,653,321 5,305,334 5,562,024 5,993,469 6,415,557 6,515,732 6,886,737 7,216,110 TOTAL DIVIDEND AND INTEREST 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,500,000 2,567,250 2,639,133 2,717,779 2,804,205

6 Internal Debt OPENING BALANCE (11,207,413) (10,869,012) (10,163,471) (10,133,920) (11,015,299) (11,964,814) (11,626,852) (9,157,228) (8,347,920) (6,104,433) (3,754,294) (1,151,836) CAPITAL REVENUE Other Capital Funding Transfer Debt from Hanmer Springs Thermal Reserve 62,391 Depreciation Funding 862, , , ,221 1,015,633 1,063,544 1,022,130 1,027, , , , ,008 SURPLUS 583, , ,882 1,204,595 1,637,687 2,241,790 2,539,894 2,466,141 2,852,014 2,928,068 3,269,486 3,529,897 Total Capital Revenue 1,509,191 1,695,541 1,829,551 2,133,816 2,653,321 3,305,334 3,562,024 3,493,469 3,848,307 3,876,599 4,168,958 4,411,905 CAPITAL EXPENDITURE Renewals Administration Equipment & Fittings 23, Buildings 53, Pools 101, Spa 105, Indoor Plant & Fittings 42, Motor Vehicle Outdoor Furniture & Fittings 6, Outdoor Plant 66, Garden House Café - Equipment 6, Miscellaneous Capital 100, , , , , , , , , , ,540 Freshwater Resurface 100, , Reception Technology 200, Cobblestones 40, I-site Rework 50, Rock Pools , Aquaplay , Rainbow Pools , Activity Pools 0 104, Hexagon Pools ,500 0 Changing Rooms (Pools) 0 104, , Changing Rooms (Activity) , ,885 Café 0 52, Waterslide 102, Spa , Projects Building Management System 189, Chisholm Spa Concept 9, Methane Project 52, Admin Building 498, , Pounamu 14, Activity Theme 100, Waterslide 1,500, Cascade Pools 2,044, High End Pools 0 2,088, Rock Pools , Aquaplay , Ice Skating 0 1,044, ,475,400 Extension Expenditure New Activity ,134, New Activity ,118, New Activity ,146, New Activity ,174, New Activity ,205,000 0 Bore , Discharge 511, Environmental , Water Treatment , Water Project 153, Total Capital Expenditure 1,170, ,000 1,800,000 3,015,195 3,602,835 2,967,372 1,092,400 2,684,160 1,604,820 1,526,460 1,566,500 2,784,825 CLOSING BALANCE (10,869,012) (10,163,471) (10,133,920) (11,015,299) (11,964,814) (11,626,852) (9,157,228) (8,347,920) (6,104,433) (3,754,294) (1,151,836) 475,245 Interest Calculation Opening Balance (10,163,471) (10,133,920) (11,015,299) (11,964,814) (11,626,852) (9,157,228) (8,347,920) (6,104,433) (3,754,294) (1,151,836) Interest Charged on Overdrawn Balance 6.88% (699,247) (697,214) (757,853) (823,179) (799,927) (630,017) (574,337) (419,985) (258,295) (79,246) Interest Earned on Balance in Funds 0.00%

7 Hanmer Springs Thermal Pools (Separate Accounting System) Pool Receipts 7,778,195 8,279,010 8,279,010 8,444,590 8,861,852 9,287,459 9,473,208 9,906,672 10,353,176 10,560,239 11,053,444 11,522,883 Coin Operated Lockers 177,905 Merchandise Sales (Net) 8,881 New Revenue Generating Activity Waterslide Income , , , , , , , , , ,530 High End Bathing , , , , , , , ,081 New Activity , , , , , , ,040 New Activity , , , , ,302 Ice Rink Total 7,964,981 8,279,010 8,479,010 8,884,590 9,560,652 10,495,235 10,950,140 11,538,142 12,139,776 12,382,570 12,912,222 13,418,836 Total Operating Revenue 7,964,981 8,279,010 8,479,010 8,884,590 9,560,652 10,495,235 10,950,140 11,538,142 12,139,776 12,382,570 12,912,222 13,418,836 Salaries & Wages 2,526,804 2,883,000 2,940,660 3,003,002 3,069,368 3,140,271 3,215,951 3,296,350 3,385,022 3,479,802 3,583,501 3,697,456 Fringe Benefit Tax 10,602 Protective Clothing & Uniforms 45,033 Staff Expenses 14,141 Training 55,852 Total 2,652,433 2,883,000 2,940,660 3,003,002 3,069,368 3,140,271 3,215,951 3,296,350 3,385,022 3,479,802 3,583,501 3,697,456 Operating Expenditure 2,368,919 2,335,000 2,381,700 2,432,192 2,485,943 2,543,369 2,604,664 2,669,781 2,741,598 2,818,362 2,902,350 2,994,644 Additional Expenses from New Revenue Generating Activity Waterslide , , , , , , , , , ,125 High End Bathing , , , , , , , ,486 New Activity , , , , , , ,945 New Activity , , , , ,230 Ice Rink Total 2,368,919 2,335,000 2,431,700 2,532,192 2,688,153 2,947,940 3,116,575 3,244,489 3,380,422 3,475,072 3,578,631 3,692,430 Other Transfer Cash Surplus to HSTP&S Admin 2,943,629 3,061,010 3,106,650 3,349,396 3,803,131 4,407,024 4,617,614 4,997,303 5,374,332 5,427,696 5,750,090 6,028,950 Total 2,943,629 3,061,010 3,106,650 3,349,396 3,803,131 4,407,024 4,617,614 4,997,303 5,374,332 5,427,696 5,750,090 6,028,950 Total Operating Expenditure 7,964,981 8,279,010 8,479,010 8,884,590 9,560,652 10,495,235 10,950,140 11,538,142 12,139,776 12,382,570 12,912,222 13,418,836

8 Hanmer Springs Spa (Separate Accounting System) SPA Receipts 1,349,452 1,619,000 1,651,380 1,719,417 1,791,804 1,869,031 1,951,455 2,039,271 2,134,913 2,237,388 2,348,810 2,470,479 SPA Retail 66,218 Sales of Hanmer Springs Stock (net) 8,652 Total 1,424,322 1,619,000 1,651,380 1,719,417 1,791,804 1,869,031 1,951,455 2,039,271 2,134,913 2,237,388 2,348,810 2,470,479 Total Operating Revenue 1,424,322 1,619,000 1,651,380 1,719,417 1,791,804 1,869,031 1,951,455 2,039,271 2,134,913 2,237,388 2,348,810 2,470,479 Salaries & Wages 872, , , , ,875 1,042,970 1,088,965 1,137,969 1,191,339 1,248,524 1,310,700 1,378,594 Training 845 Total 873, , , , ,875 1,042,970 1,088,965 1,137,969 1,191,339 1,248,524 1,310,700 1,378,594 Operating Expenses 262, , , , , , , , , , ,316 Cleaning Supplies 78,053 Massage Oil/Beauty Products 60,538 Retail Beauty Products 31,731 General Expenses 33,012 Printing & Stationery 1,636 Repairs & Maintenance 3,805 Telephone & Tolls 2,246 Internal rent 9,000 9,000 9,000 9,191 9,390 9,598 9,815 10,040 10,282 10,534 10,802 11,088 Total 220, , , , , , , , , , , ,404 Other Transfer Cash Surplus to HSTP&S Admin 331, , , , , , , , , , , ,481 Total 331, , , , , , , , , , , ,481 Total Operating Expenditure 1,424,322 1,619,000 1,651,380 1,719,417 1,791,804 1,869,031 1,951,455 2,039,271 2,134,913 2,237,388 2,348,810 2,470,479

9 Hanmer Springs Café (Separate Accounting System) Café Revenue 950,934 1,050,000 1,102,500 1,157,625 1,215,506 1,251,971 1,289,531 1,328,217 1,368,063 1,409,105 1,451,378 1,494,919 Total 950,934 1,050,000 1,102,500 1,157,625 1,215,506 1,251,971 1,289,531 1,328,217 1,368,063 1,409,105 1,451,378 1,494,919 Total Operating Revenue 950,934 1,050,000 1,102,500 1,157,625 1,215,506 1,251,971 1,289,531 1,328,217 1,368,063 1,409,105 1,451,378 1,494,919 Salaries & Wages 406, , , , , , , , , , , ,651 Total 406, , , , , , , , , , , ,651 Cost of Goods Sold 331, , , , , , , , , , , ,968 Operating Expenses 78,240 79,805 81,497 83,298 85,222 87,276 89,458 91,864 94,436 97, ,343 Electricity & gas 48,000 General Expenses <$100 13,529 Licences & fees 6,102 Printing & stationery 1,026 Repairs & maintenance 3,991 Replacements 3,290 Subscriptions 1,632 Telephone 981 Internal Rent 99,600 99, , , , , , , , , , ,200 Total 509, , , , , , , , , , , ,511 Other Transfer Cash Surplus to HSTP&S Admin 35,222 32,160 53,295 73,476 94, , , , , , , ,757 Total 35,222 32,160 53,295 73,476 94, , , , , , , ,757 Total Operating Expenditure 950,934 1,050,000 1,102,500 1,157,625 1,215,506 1,251,971 1,289,531 1,328,217 1,368,063 1,409,105 1,451,378 1,494,919

10 Hanmer Springs I-site Retail (Separate Accounting System) Retail Sales 367, , , , , , , , , , , ,158 Total 367, , , , , , , , , , , ,158 Total Operating Revenue 367, , , , , , , , , , , ,158 Clothing & Uniforms 22 Salaries & Wages 116,709 98, , , , , , , , , , ,383 Training 68 0 Total 116,798 98, , , , , , , , , , ,383 Cost of Goods Retail 230, , , , , , , , , , , ,295 Operating Expenses Bank Charges 7,603 36,340 37,067 38,549 40,091 41,018 42,006 43,056 44,214 45,452 46,807 48,295 Internal Rent 12,500 12,500 15,000 15,318 15,650 15,996 16,358 16,733 17,136 17,556 18,003 18,480 Total 266, , , , , , , , , , , ,070 Other Transfer Cash Surplus to Hanmer Springs Thermal Reserve 0 Transfer Cash Surplus to HSTP&S Admin (15,967) 12,300 15,096 26,062 38,474 44,845 47,210 49,524 51,604 53,575 55,296 56,705 Total (15,967) 12,300 15,096 26,062 38,474 44,845 47,210 49,524 51,604 53,575 55,296 56,705 Total Operating Expenditure 367, , , , , , , , , , , ,158

11 Hanmer Springs I-site Bookings (Separate Accounting System) Gross Bookings 653, , , , , , , , , , , ,413 Sales Commission - Nett (821) Sales - Miscellaneous 847 Brochure Display Fee 23,431 42,000 42,000 42,890 43,838 44,851 45,932 47,080 48,347 49,700 51,181 52,809 Expired Gift Vouchers 0 Total 676, , , , , , , , , , , ,222 Total Operating Revenue 676, , , , , , , , , , , ,222 Salaries & Wages 105,667 90,225 92,030 93,981 96,058 98, , , , , , ,714 Total 105,667 90,225 92,030 93,981 96,058 98, , , , , , ,714 Operating Expenses 36,340 37,067 37,853 38,689 39,583 40,537 41,550 42,668 43,863 45,170 46,606 Cost of Bookings Bookings - payments 567, , , , , , , , , , , ,972 Internal Rent 12,500 12,500 10,000 10,212 10,433 10,664 10,905 11,155 11,424 11,704 12,002 12,320 Total 638, , , , , , , , , , , ,898 Other Transfer Cash Surplus to Hanmer Springs Thermal Reserve Transfer Cash Surplus to HSTP&S Admin (67,134) (37,065) (37,097) (37,884) (38,716) (39,599) (40,538) (41,529) (42,614) (43,769) (45,022) (46,390) Total (67,134) (37,065) (37,097) (37,884) (38,716) (39,599) (40,538) (41,529) (42,614) (43,769) (45,022) (46,390) Total Operating Expenditure 676, , , , , , , , , , , ,222

12 Artisan Spa (Separate Accounting System) SPA Receipts 292, , , , , , , , , , , ,768 SPA Retail 53,489 Total 346, , , , , , , , , , , ,768 Total Operating Revenue 346, , , , , , , , , , , ,768 Salaries & Wages 224, , , , , , , , , , , ,897 Total 224, , , , , , , , , , , ,897 Operating Expenses 131, , , , , , , , , , ,752 Rent 38,633 Advertising 596 Cleaning Supplies 9,747 Massage Oil/Beauty Products 12,736 Retail Beauty Products 28,760 General Expenses 2,339 Electricity 4,261 Printing & Stationery 1,728 Repairs & Maintenance 800 Computer Support 4,036 Telephone & Tolls 218 Total 103, , , , , , , , , , , ,752 Other Transfer Cash Surplus to Hanmer Springs Thermal Reserve Transfer Cash Surplus to HSTP&S Admin 18,367 (20,000) 30,000 37,900 46,387 55,497 65,264 79,333 85,387 91,694 98, ,119 Total 18,367 (20,000) 30,000 37,900 46,387 55,497 65,264 79,333 85,387 91,694 98, ,119 Total Operating Expenditure 346, , , , , , , , , , , ,768

13 Hanmer Springs Thermal Reserve Administration - Sub Activity Summary Rates Hanmer Springs Thermal Reserve Administration ,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Total Rates ,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Hanmer Springs Thermal Reserve Administration Total Internal Interest Received Hanmer Springs Thermal Reserve Administration Total Internal Interest Received Development Contributions Hanmer Springs Thermal Reserve Administration Total Development Contributions Council Overheads (Income) Hanmer Springs Thermal Reserve Administration Total Council Overheads Transfer from Reserves Hanmer Springs Thermal Reserve Administration 1,298,460 1,088,488 1,300,753 1,302,786 1,242,147 1,176,821 1,200,073 1,869,983 1,992,913 2,219,148 2,459,484 2,724,958 Total Transfer from Reserves 1,298,460 1,088,488 1,300,753 1,302,786 1,242,147 1,176,821 1,200,073 1,869,983 1,992,913 2,219,148 2,459,484 2,724,958 Total Operating Revenue 1,298,460 1,088,488 1,884,641 2,492,310 3,172,923 3,250,457 3,301,776 3,381,968 3,468,989 3,530,075 3,624,948 3,726,605 Hanmer Springs Thermal Reserve Administration 20,106 30,311 26,816 27,384 27,977 28,597 29,243 29,913 30,635 31,385 32,185 33,037 Total 20,106 30,311 26,816 27,384 27,977 28,597 29,243 29,913 30,635 31,385 32,185 33,037 Hanmer Springs Thermal Reserve Administration 4, Total 4, Internal Interest Paid Hanmer Springs Thermal Reserve Administration Total Internal Interest Paid Council Overheads Hanmer Springs Thermal Reserve Administration 155, , , , , , , , , , , ,772 Total Council Overheads 155, , , , , , , , , , , ,772 Depreciation Hanmer Springs Thermal Reserve Administration Total Depreciation Hanmer Springs Thermal Reserve Administration 1,118, ,093 1,671,849 2,275,134 2,950,543 3,024,573 3,070,954 3,144,711 3,227,535 3,282,885 3,370,240 3,466,796 Total 1,118, ,093 1,671,849 2,275,134 2,950,543 3,024,573 3,070,954 3,144,711 3,227,535 3,282,885 3,370,240 3,466,796 Total Operating Expenditure 1,298,460 1,088,488 1,884,641 2,492,310 3,172,923 3,250,457 3,301,776 3,381,968 3,468,989 3,530,075 3,624,948 3,726,605 Capital Statement OPENING BALANCE CAPITAL REVENUE Hanmer Springs Thermal Reserve Administration (1,584,758) (1,714,289) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0) Total Capital Revenue (1,584,758) (1,714,289) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0) CAPITAL EXPENDITURE Hanmer Springs Thermal Reserve Administration Total Capital Expenditure CLOSING BALANCE (1,584,758) (1,714,289) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0)

14 Hanmer Springs Thermal Reserve (11000) Rates Shortfall in Funding from HSTP&S met by General Rate Year 1-33% 583,888 Year 2-67% 1,189,524 Year 3-100% 1,930,776 Year 4-100% 2,073,636 Year 5-100% 2,101,703 Year 6-100% 1,511,985 Year 7-100% 1,476,076 Year 8-100% 1,310,927 Year 9-100% 1,165,465 Year % 1,001,647 General Rates ,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Total Rates ,888 1,189,524 1,930,776 2,073,636 2,101,703 1,511,985 1,476,076 1,310,927 1,165,465 1,001,647 Transfer from Reserves Other Reserve Funding Net Dividend from HSTP&S Admin ($2 million less Interes 1,298,460 1,088,488 1,300,753 1,302,786 1,242,147 1,176,821 1,200,073 1,869,983 1,992,913 2,219,148 2,459,484 2,724,958 Total Transfer from Reserves 1,298,460 1,088,488 1,300,753 1,302,786 1,242,147 1,176,821 1,200,073 1,869,983 1,992,913 2,219,148 2,459,484 2,724,958 Total Operating Revenue 1,298,460 1,088,488 1,884,641 2,492,310 3,172,923 3,250,457 3,301,776 3,381,968 3,468,989 3,530,075 3,624,948 3,726, Salaries & wages 20,106 30,311 26,816 27,384 27,977 28,597 29,243 29,913 30,635 31,385 32,185 33,037 Total 20,106 30,311 26,816 27,384 27,977 28,597 29,243 29,913 30,635 31,385 32,185 33, Expenses 4, Total 4, Council Overheads Overhead Allocation Expenses 155, , , , , , , , , , , ,772 Total Council Overheads 155, , , , , , , , , , , ,772 Transfer balance to Capital Statement (1,512,606) (1,778,721) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0) Other Transfer funding for Tourism 52,000 54,080 56,243 58,493 60,833 62,658 64,537 66,473 68,468 70,522 72,637 74,816 Transfer funding for Cemeteries 147, , , , , , , , , , , ,562 Transfer funding for Public Toilets 430, , , , , , , , , , , ,003 Transfer funding for Libraries 911, ,590 1,068,766 1,089,689 1,113,033 1,132,762 1,156,436 1,184,162 1,207,419 1,234,925 1,267,606 1,295,436 Transfer funding for Amberley Amenities 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 Transfer funding for District Reserves 886, , , , , , , , ,020 1,009,750 1,035,773 1,059,758 Transfer funding for Youth Programme 62,333 89,029 37,825 38,627 39,463 40,337 41,248 42,194 43,211 44,270 45,398 46,600 Transfer funding for District Amenities Overhead Alloaction 138, , , , , , , , , , , ,621 Total 1,118, ,093 1,671,849 2,275,134 2,950,543 3,024,573 3,070,954 3,144,711 3,227,535 3,282,885 3,370,240 3,466,796 Total Operating Expenditure 1,298,460 1,088,488 1,884,641 2,492,310 3,172,923 3,250,457 3,301,776 3,381,968 3,468,989 3,530,075 3,624,948 3,726,605 Reserve Capital Statement (Retained Earnings) OPENING BALANCE 5,139,455 3,554,697 1,840, ,939 42,154 42,154 42,154 42,154 42,154 42,154 42,154 42,154 CAPITAL REVENUE Transfer balance to Capital Statement (1,512,606) (1,778,721) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0) Other Capital Funding Funding ex Library DC fund 64,432 Adjustment to Balance of Internal Loan Capex Funding of District Reserves (72,152) Capex Funding of HSTP&S Existing Facilities Total Capital Revenue (1,584,758) (1,714,289) (1,185,470) (612,785) 0 (0) 0 (0) (0) 0 (0) (0) CAPITAL EXPENDITURE Total Capital Expenditure CLOSING BALANCE 3,554,697 1,840, ,939 42,154 42,154 42,154 42,154 42,154 42,154 42,154 42,154 42,154