New Zealand Gazette – 1995 – No. 100

Page 3157

✨ Financial Performance Measures

15 SEPTEMBER NEW ZEALAND GAZETTE 3157

NELSON ELECTRICITY LIMITED

Disclosure of Financial and Efficiency Performance Measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

The Financial and Efficiency Performance Measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994 have been derived from a combination of Citipower Limited and Nelson Electricity Limited accounts as agreed with the Ministry of Commerce.

1 Financial Performance Measures

Accounting return on total assets:
Earnings Before Interest & Tax
Average Funds Employed

Accounting return on equity:
Net Profit After Tax
Average Total Shareholders Funds

Accounting rate of profit:
EBIT - Cash tax - Interest tax shield + Revaluations
Average total funds employed - Revaluations/2

These financial performance measures were based on the adjusted line business financial statements, which incorporate the adjustments necessary to reflect the fixed assets at ODV. The ODV valuation was audited by Ernst & Young.

2 Efficiency Performance Measures

Direct line cost per kilometre
Total Direct Cost
Total Line Kilometres

Indirect line costs per electricity customer
Total Indirect Costs
Total Customers

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VUW Te Waharoa — NZ Gazette 1995, No 100

NZLII — NZ Gazette 1995, No 100

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Certification of Financial Statements for Nelson Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Certification, Electricity, Nelson Electricity Limited

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