Investor Presentaiton

TAXATION UPDATE SA Power Networks - ATO Matters Background Details of current ATO audits of SA Power Networks Partnership disclosed previously. Refer to Note 4 of Spark's HY 2013 financial statements for details Developments during 2013 An amended assessment has been issued to Spark (as a partner in the SAPN partnership) for the 2011 income tax year in respect to some of the matters in dispute Objections on those matters consistent with those for the 2007 to 2010 income tax years have been lodged by Spark with the ATO SAPN continues to provide information and responses to queries to the ATO as requested Status SA Power Networks and the partners continue to be of the opinion that no adjustments are required in relation to the matters under audit, and will vigorously defend their positions No adjustments in relation to these matters have been recognised in the Spark HY 2013 financial statements Notwithstanding the amended assessments, no amount of tax is payable by Spark for the 2007 to 2011 income tax years due to the availability of carried forward tax losses On the basis of all information currently available, Spark's reasonable estimation continues to be that the overall impact of any adjustments that may arise would not be material SPARK INFRASTRUCTURE INVESTOR PRESENTATION - NOVEMBER 2013 29 spark infrastructure

View entire presentation