New Zealand Gazette – 1995 – No. 93

Page 2876

✨ Corporatisation and Financial Performance of Waipa Power Limited

2876 NEW ZEALAND GAZETTE No. 93

12 CORPORATISATION OF WAIPA POWER LIMITED

In accordance with the Energy Companies Act 1992, all activities, assets and liabilities of Cambridge and Te Awamutu Electric Power Boards transferred to the public company, Waipa Power Limited on 1 May 1993.

The shares of Waipa Power Limited are held in trust by Trustees of the Waipa Power Trust.

13 RELATED PARTIES

Related party transactions in the accounts of Waipa Power Limited are;

i) An advance to the Waipa Power Trust of $20,000 to cover its projected running costs. The advances were reimbursed during the year.

In addition, provision has been made in the accounts for payment of a dividend to the Waipa Power Trust of $1,185,407

14 PERFORMANCE MEASURES

Disclosure of financial performance measures and efficiency performance measures under regulation 13 of the Electricity (Information Disclosure) Regulations 1994

Financial performance measures

(a) Accounting return on total assets
```
 4.26%
```
(b) Accounting return on equity
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 2.84%
```
(c) Accounting rate of profit
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 3.08%
```
Efficiency performance measures:

(a) Direct line costs per kilometre
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 $1,186
```
(b) Indirect line costs per electricity customer
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 $55
```

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VUW Te Waharoa — NZ Gazette 1995, No 93

NZLII — NZ Gazette 1995, No 93

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✨ LLM interpretation of page content

🏭 Corporatisation of Waipa Power Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsEnergy Companies Act, Corporatisation, Electric Power Boards, Waipa Power Limited, Waipa Power Trust

🏭 Related Party Transactions of Waipa Power Limited

Domain🏭 Trade, Customs & Industry
KeywordsRelated Party Transactions, Waipa Power Trust, Advance, Dividend

🏭 Financial Performance Measures of Waipa Power Limited

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Efficiency Performance, Accounting Return, Line Costs, Electricity Customers

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