New Zealand Gazette – 1996 – No. 117

Page 2959

✨ Financial Performance Measures



13 SEPTEMBER NEW ZEALAND GAZETTE

Disclosure of financial performance measures and efficiency performance measures pursuant to regulation 13 and part II of the first schedule of the Electricity (Information Disclosure) Regulations

  1. Financial Performance Measures

(a) Accounting return on total assets, being earnings before interest and tax, divided by average total funds employed:

11.1% (1995 - 9.5%)

(b) Accounting return on equity, being net profit after tax, divided by average total shareholders’ funds:

12.3% (1995 - 10.1%)

(c) Accounting rate of profit which is calculated in accordance with the following formula:

[
\frac{a - b - c + d}{e}
]

where:-

  • a is earnings before interest and tax
  • b is cash tax
  • c is interest tax shield
  • d is revaluations
  • e is total funds employed, minus half the amount of revaluations.

25.8% (1995 - 8.1%)

  1. Efficiency Performance Measures

(a) Direct line costs per kilometre, which are calculated in accordance with the following formula:

[
\frac{a}{b}
]

where:-

  • a is direct expenditure (in dollars)
  • b is system length in kilometres

$3,872 (1995 - $2,910)

(b) Indirect line costs per electricity customer, which are calculated in accordance with the following formula:

[
\frac{a}{b}
]

where:-



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✨ LLM interpretation of page content

🏭 Financial Performance Measures for Egmont Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Accounting return, Total assets, Equity, Rate of profit, Efficiency performance, Direct line costs, Indirect line costs, Electricity, Egmont Electricity Limited