New Zealand Gazette – 1996 – No. 153

Page 4059

✨ Electricity Industry Disclosures

21 OCTOBER NEW ZEALAND GAZETTE 4059

NELSON ELECTRICITY LIMITED

Disclosure of financial and efficiency performance measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

The financial measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994 have been derived from Nelson Electricity Limited accounts.

FINANCIAL PERFORMANCE MEASURES

	1996	1995
Accounting Return on Total Assets	10.7%	8.6%
Accounting Return on Equity	7.4%	5.8%
Accounting Rate of Profit	9.4%	5.8%

These financial performance measures were based on the adjusted line business financial statements, which incorporate the adjustments necessary to reflect the fixed assets at ODV. The ODV valuation was audited by Ernst & Young.

EFFICIENCY PERFORMANCE MEASURES

Citipower Limited leased the distribution system owned by Nelson Electricity Limited for the period under review. All information relating to efficiency performance is held by Citipower Limited who have undertaken to disclose this information.

Disclosure of energy delivery efficiency performance measures and statistics pursuant to Regulation 15 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

Citipower Limited leased the distribution system owned by Nelson Electricity Limited for the period under review. All information relating to energy delivery on the distribution system is held by Citipower Limited who have undertaken to disclose this information.

Disclosure of reliability performance measures pursuant to Regulation 15 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

Citipower Limited leased the distribution system owned by Nelson Electricity Limited for the period under review. All information relating to reliability performance is held by Citipower Limited who have undertaken to disclose this information.

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VUW Te Waharoa — NZ Gazette 1996, No 153

NZLII — NZ Gazette 1996, No 153

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✨ LLM interpretation of page content

🏭 Financial and Efficiency Performance Measures for Nelson Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Efficiency Performance, Electricity, Nelson Electricity Limited, Citipower Limited

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