New Zealand Gazette – 1996 – No. 161

Page 4255

✨ Financial Statements



4 NOVEMBER

NEW ZEALAND GAZETTE

4255

BAY OF PLENTY ELECTRICITY LIMITED

Special Purpose Financial Statements

Electricity (Information Disclosure) Regulations 1994

Performance Measures

for the 12 Months ended 31 March 1996

Disclosure of Financial Performance Measures and Efficiency Performance Measures pursuant to Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

1. Financial Performance Measures

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

Accounting return on total assets:

1996 1995
5.43% 5.60%

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

Accounting return on equity:

1996 1995
3.63% 3.75%

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

a - b - c + d
-----------
      e

where:

a earnings before interest and tax; and
b cash tax; and
c interest tax shield; and
d revaluations; and
e average shareholders funds employed, minus half the amount of revaluations

Accounting rate of profit:

1996 1995
4.02% 4.25%


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Financial Statements, Electricity, Information Disclosure, Bay of Plenty Electricity Limited, Regulations 1994, Performance Measures, Accounting Return, Equity, Profit