New Zealand Gazette – 1996 – No. 136

Page 3286

✨ Financial Statements

Wairoa Power Limited - Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1996 continued

11. RECEIVABLES AND PREPAYMENTS

	1996	1995
Trade Debtors	717,926	531,233
Other Receivables	151,240	701,481
Prepayments	2,265	8,650
	871,431	1,241,364

12. INVENTORIES

| Line & General Inventories | 257,565 | 290,781 |

13. CONTINGENT LIABILITIES

The Company has no contingent liabilities.

14. COMMITMENTS

Capital Commitments

The Company has no capital commitments at balance date.

Operating lease commitments

The company has no non-cancellable operating leases.

15. TRANSACTIONS WITH RELATED PARTIES

Wairoa Power Limited paid rates to Wairoa District Council, a significant shareholder.
The rates were charged on normal terms and conditions.

No related party debts have been written off or forgiven during the year.

Wairoa Power Limited - Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1996 continued

16. FINANCIAL PERFORMANCE MEASURES

	1996	1995
Accounting return on total assets	9.14%	10.00%
Accounting return on equity	6.25%	7.39%
Accounting rate of profit	6.09%	7.78%

17. EFFICIENCY PERFORMANCE MEASURES

	1996	1995
Direct Line costs per kilometre	$1,142	$1,442
Indirect Line costs per customer	$89	$86

18. ENERGY DELIVERY PERFORMANCE MEASURES

	1996	1995
Load Factor	53	55
Loss Ratio	7.44	4.62
Capacity Utilisation	23	21

19. ODV VALUATION

ODV valuation as at 31 March 1995 was ... $9.84 million

THE NEW ZEALAND GAZETTE

No. 136

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VUW Te Waharoa — NZ Gazette 1996, No 136

NZLII — NZ Gazette 1996, No 136

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Wairoa Power Limited - Lines Business Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated31 March 1996
KeywordsFinancial Statements, Accounting Policies, Wairoa Power Limited, Electricity, Line Business

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