The document is a report analyzing the business model of NZ Bus Services, a major public transport operator in New Zealand. It owns over 1,100 buses and transports over 50 million passengers annually. The report provides an overview of the company, including its ownership, partnerships, financial performance in recent years, and the various costs associated with operating its bus network. It also examines ways NZ Bus has adopted electronic business practices and mobile payment technologies like Snapper cards.