Financial and Efficiency Performance Measures




2872 NEW ZEALAND GAZETTE No. 113

CENTRAL ELECTRIC LIMITED

FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES

PURSUANT TO REGULATION 13 AND PART II OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994


FINANCIAL MEASURES

  1. Accounting Return on Total Assets
    i.e. Earnings before interest and tax as a percentage of average total funds employed

    31.03.96 31.03.95
    3.9% 3.6%

  2. Accounting Return on Equity
    i.e. Net profit after tax as a percentage of average total shareholders’ funds

    3.1% 2.4%

  3. Accounting Rate of Profit
    i.e. According to the following formula
    Earnings before interest less (Cash tax less Interest tax shield plus revaluations) as a percentage of average total funds less 50% of revaluations

    2.6% 2.4%

The financial measures have been calculated after making the following adjustments to the figures contained in the attached accounts of the Lines Business in order to comply with the requirement to use ODV as the basis for the Fixed Asset Valuation:

Fixed Assets increased by $31,069,465
Shareholders’ Funds increased by $31,069,465

EFFICIENCY PERFORMANCE MEASURES

  1. Direct Line Costs per Kilometre
    i.e. Direct expenditure divided by system length (in kilometres)

    31.03.96 31.03.95
    $1,537.71 $1,334.07

    $2,870,664 of Transpower charges have been excluded from this calculation

  2. Indirect Line Costs per Electricity Customer
    i.e. Indirect expenditure divided by total customers

    $147.13 $118.06



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🏢 Financial and Efficiency Performance Measures for Central Electric Limited (continued from previous page)

🏢 State Enterprises & Insurance
Financial Measures, Efficiency Performance, Electricity, Central Electric Limited