New Zealand Gazette – 1996 – No. 104

Page 2689

✨ Financial Statements Notes



4 SEPTEMBER NEW ZEALAND GAZETTE 2689

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1996

19 ASSOCIATE COMPANIES

1996 1995
$000 $000
Share of operating surplus of associate companies before taxation 87 -
Taxation (50) -
Share of retained profits of associate companies 37 -

20 DIVIDENDS

1996 1995
$000 $000
Interim distributions:
- Dividends paid:
on ordinary shares 7,265 5,064
on cumulative preference shares - -
Proposed distributions:
- Proposed dividend
on ordinary shares 9,643 -
on cumulative preference shares - -
16,908 5,064

21 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

1996 1995
(i) Accounting Return on Total Assets 6.58% 5.49%
(ii) Accounting Return on Equity 4.63% 3.75%
(iii) Accounting Rate of Profit 4.92% 3.71%

Efficiency Performance Measures

1996 1995
(iv) Direct Line Cost per Kilometre $1,232.54 $996.80
(v) Indirect Line Cost per Electricity Customer $91.04 $164.97 
                                                                               18


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💰 Notes to and Forming Part of the Financial Statements for the Year Ended 31 March 1996 (continued from previous page)

💰 Finance & Revenue
Financial Statements, Associate Companies, Dividends, Performance Measures