New Zealand Gazette – 1996 – No. 125

Page 3132

✨ Financial Performance Measures



NEW ZEALAND GAZETTE

No. 125

Regulation 13 - Disclosure by line owners of financial and efficiency performance measures

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

1995/96 1994/95
5.9% 4.6%

(b) Accounting return on equity, being net profit after tax, divided by total ordinary shareholder funds:

1995/96 1994/95
2.9% 0.8%

(c) Accounting Rate of Profit

1995/96 1994/95
2.9% 1.7%

Note: The measures for 1994/95 have been recalculated in order to provide comparative values that are calculated on the same basis that has been used for the 1995/96 values. The difference arises mainly from including the full ODV-based depreciation in the calculation as provided for in Regulation 14(5)(a) which was not included in the 1994/95 original disclosures.

2 (a) Direct line costs per kilometre:

1995/96 1994/95
$1,027.59 $1,092.94

(b) Indirect line costs per electricity customer:

1995/96 1994/95
$137.62 $130.91

Where applicable, the above information has been calculated in accordance with Regulation 14.

Note: The measures for 1994/95 have been recalculated in order to provide comparative values that are calculated on the same basis that has been used for the 1995/96 values. The difference relates to the transfer of offsetting revenue items from direct costs to the indirect cost classification.



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✨ LLM interpretation of page content

🏭 Southpower Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Accounting Returns, Profit Rates, Line Costs, Depreciation