New Zealand Gazette – 1996 – No. 101

Page 2627

✨ Financial Performance Disclosure



3 SEPTEMBER NEW ZEALAND GAZETTE 2627

MAINPOWER NEW ZEALAND LTD

DISCLOSURE OF FINANCIAL PERFORMANCE MEASURES AND EFFICIENCY PERFORMANCE MEASURES PURSUANT TO REGULATION 14A AND PART II OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

For The Year Ended 31 March 1996

Optimised Deprival Valuation (O.D.V.)

The Electricity (Information Disclosure) Regulations (“the Regulations”) provide that the lines business of every energy company, established in accordance with the Energy Companies Act 1992, should be valued for regulatory purposes on an ODV basis prior to 31 July 1995. The initial ODV must be determined at a date which falls within the two year period ending 31 March 1995. In conjunction with Worley Consultants Ltd, Coopers and Lybrand undertook the valuation exercise and have provided to the Directors of MainPower New Zealand Ltd a certified valuation at 1 April 1994 as follows:

Extract from Coopers & Lybrand O.D.V. Valuation of MainPower’s Lines Business, December 1994

IV Summary and Conclusion

4.1 “We have undertaken a valuation of the lines business of MainPower as at 1 April 1994 applying the ODV methodology as set out in the ODV Handbook. In accordance with this methodology, a stand-alone value of $68.7 million has been derived for the lines business, comprised as follows:”

Table 7: Net Asset Value
Distribution System at O.D.V.
Inventory
Other Fixed Assets (at NBV)
Total Fixed Assets
Plus:-
Debtors
Less:-
Creditors
Net Asset Value

The carrying value of the lines business distribution system recorded in the Company’s Statement of Financial Position (Fixed Assets) at 31 March 1996 amounts to $26.559m compared to the O.D.V. at 1 April 1994 of $62.193m.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1996, No 101


NZLII — PDF NZ Gazette 1996, No 101




✨ LLM interpretation of page content

🏭 Disclosure of Financial Performance Measures for MainPower New Zealand Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Measures, Electricity, Accounting Return, Line Costs, Optimised Deprival Valuation