Dollars (Millions)

	1999/2000	2000/2001	2001/2002	2002/2003	2003/2004
Payment to the Province ($m)	326	343	333	338	73

BC Hydro is required to make an annual payment to the Province equal to 85 per cent of its distributable surplus. Distributable surplus is calculated as consolidated net income adjusted for interest capitalized during construction and related amortization. In addition of the payment to the Province of $73 million, BC Hydro paid $393 million in water rentals, school taxes, grants and other taxes to provincial and municipal governments in fiscal 2004.