✨ Financial Performance Measures




2792 NEW ZEALAND GAZETTE No. 108

STATEMENT OF PERFORMANCE MEASUREMENT

Information Disclosures

Asset Valuation

For the purposes of these Financial Performance Measures & Efficiency Performance Measures, Otago Power Limited has used the Optimised Deprival Valve Method of valuing assets. This method is a requirement of the Electricity (Information Disclosure) Regulations 1994. This has had the effect of increasing the value of Fixed Assets and Shareholder Funds in the 1995 and 1996 years by $22,460,734.

Financial Performance Measures

Accounting Return on Total Assets

Earnings before Interest and Tax
Average Total Funds Employed = 10.2185% 8.439%

1996 1995

Accounting Return on Equity

Net Profit after Tax
Average Total Shareholders Funds = 8.0444% 6.6375%

Accounting Rate of Profit

= 8.0099% 6.627%

Efficiency Performance Measures

Direct Line Costs Per Kilometre

Direct Expenditure
System Length = $451.75 $357.32

Indirect Line Costs Per Electricity Customer

Indirect Expenditure
Total Customers = $156.96 $182.25

Energy Delivery Efficiency Performance Measures

Load Factor

= 62.473% 62.129%

Loss Ratio

= 6.70% 6.563%

Capacity Utilisation

= 32.76% 31.804%

The ODV for the line business assets are

$37,064,261 $37,064,261



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✨ LLM interpretation of page content

🏭 Statement of Financial Position for the Year Ended 31 March 1996 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency, Asset Valuation, Electricity, Otago Power