New Zealand Gazette – 1995 – No. 101

Page 3195

✨ Financial Performance Measures



18 SEPTEMBER

NEW ZEALAND GAZETTE

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

  1. Financial Performance Measures

    (a) Accounting return on total assets, being earnings before interest and tax, divided by average total funds employed:

     9.5%

    (b) Accounting return on equity, being net profit after tax, divided by average total shareholders' funds:

     10.1%

    (c) Accounting rate of profit, which is calculated in accordance with the following formula:

     $$
 \frac{a - b - c + d}{e}
 $$

 where -

 a
         is earnings before interest and tax; and
 b
         is cash tax; and
 c
         is interest tax shield; and
 d
         is revaluations; and
 e
         is average total funds employed, minus half the amount of revaluations.

 8.1%

  2. Efficiency Performance Measures

    (a) Direct line costs per kilometre, which are calculated in accordance with the following formula:

     $$
 \frac{a}{b}
 $$

 where -

 a
         is direct expenditure (in dollars); and
 b
         is system length (in kilometres);

 $2,910


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💰 Disclosure of Financial Performance Measures and Efficiency Performance Measures (continued from previous page)

💰 Finance & Revenue
Financial Performance, Efficiency Performance, Electricity Regulations, Accounting Return, Direct Line Costs