✨ Financial Statements Notes
3462 NEW ZEALAND GAZETTE No. 108
Wairarapa Electricity Limited and Subsidiary Companies
Notes to the Accounts (continued)
20. Subsequent Events
Subsequent to balance date the Board of Directors resolved to discontinue the retail operations and restructure other operations. The costs expected to be incurred are:
Closure of retail operations $249,000
Changes in line business operations $103,000
Other organisational changes $92,000
$444,000The financial effect of these events has not been recognised in these financial statements.
21. 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
Financial Performance Measures
Accounting return on total assets, being earnings before interest and tax, divided by total shareholder’s funds employed:
5.66%
Accounting return on equity, being net profit after tax, divided by average shareholder funds:
4.35%
Accounting rate of profit, which shall be 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 total funds employed, minus half the amount of revaluations:
4.06%
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VUW Te Waharoa —
NZ Gazette 1995, No 108
NZLII —
NZ Gazette 1995, No 108
✨ LLM interpretation of page content
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Notes to the Accounts of Wairarapa Electricity Limited and Subsidiary Companies
(continued from previous page)
💰 Finance & RevenueFinancial Instruments, Borrowings, Investments, Fair Value, Feasibility Study, Wind Generation, Capitalised Expenditure, Resource Consents, Wairarapa Electricity, Subsequent Events, Financial Performance Measures, Efficiency Performance Measures, Accounting Return, Profit Rates