β¨ Financial Statements and Disclosures
4 SEPTEMBER NEW ZEALAND GAZETTE 2833
- Disclosure of Performance Measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.
Financial Performance Measures
(i) Accounting Return on Total Assets 7.40%
(ii) Accounting Return on Equity 5.56%
(iii) Accounting Rate of Profit 4.85%
Efficiency Performance Measures
(iv) Direct Line Cost per Kilometre $ 1,118.07
(v) Indirect Line Cost per Electricity Customer $ 127.13
- Financial Instruments.
Financial instruments which potentially subject the Company to credit risk principally consist of bank balances and accounts receivable.
Cash deposits are only made with registered banks, no specific concerns regarding credit risk exist.
The company has a Revolving Multi Option Credit Line facility with the Westpac Banking Corporation of up to $25 million dollars. No draw downs were made during the year under review.
The company performs credit evaluations on customers where possible. New customers with known high credit risk are required to pay a bond before energy is supplied to them.
All financial instruments are recorded at fair values. No undisclosed financial instruments exist.
Notes to and forming part of the Financial Statements for the year ended 31 March 1995
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VUW Te Waharoa —
NZ Gazette 1995, No 93
NZLII —
NZ Gazette 1995, No 93
β¨ LLM interpretation of page content
π
Taranaki Energy Limited Statement of Financial Performance
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π Trade, Customs & IndustryFinancial Statements, Taxation, Operating Profit, Income Tax, Contingent Liabilities, Related Party Transactions