✨ Financial and Efficiency Performance Measures
15 AUGUST NEW ZEALAND GAZETTE 2183
DUNEDIN ELECTRICITY LTD
FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES
PURSUANT TO REGULATION 13 AND PART II OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994
FINANCIAL MEASURES
(A) Accounting Return on Total Assets:
Being earnings before interest and tax, divided by average total funds employed. 8.6%
(B) Accounting Return on Equity:
Being net profit after tax, divided by average total shareholder’s funds. 5.8%
(C) Accounting Rate of Profit:
Accounting rate of profit calculated in accordance with the following formula:
a - b - c + d
—————————
e
where a is earnings before interest
b is cash tax
c is interest tax shield
d is revaluations
e is average total funds minus half the amount of revaluations 8.6%
NB
In calculating these financial measures the following adjustments to the figures contained in the attached accounts have been made to comply with the requirements of the regulations that ODV be used as the base for fixed asset valuation:
Fixed Assets + 27,455
Depreciation + 1,294
Shareholder’s Funds + 32,617
Net Profit Before Tax (1,294)
Net Profit After Tax (866)
Dividend (737)
EFFICIENCY PERFORMANCE MEASURES
(A) Direct Line Costs per Kilometre:
Being direct expenditure divided by system length (in kilometres) $3,956
NB: In calculating this efficiency measure, $8.18 million of Trans Power NZ Ltd’s charges have been excluded as instructed by the Ministry of Commerce.
(B) Indirect Line Costs per Electricity Customer:
Being indirect expenditure divided by total customers $51.00
9
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1995, No 80
NZLII —
NZ Gazette 1995, No 80
✨ LLM interpretation of page content
🏭 Dunedin Electricity Ltd Financial and Efficiency Performance Measures
🏭 Trade, Customs & Industry15 August 1995
Financial Measures, Efficiency Performance, Electricity, Dunedin Electricity Ltd