β¨ 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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VUW Te Waharoa —
NZ Gazette 1996, No 108
NZLII —
NZ Gazette 1996, No 108
β¨ LLM interpretation of page content
π
Statement of Financial Position for the Year Ended 31 March 1996
(continued from previous page)
π Trade, Customs & IndustryFinancial Performance, Efficiency, Asset Valuation, Electricity, Otago Power