New Zealand Gazette – 1996 – No. 161

Page 4256

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 161

BAY OF PLENTY ELECTRICITY LIMITED

Special Purpose Financial Statements

Electricity (Information Disclosure) Regulations 1994

Performance Measures

for the 12 Months ended 31 March 1996

  1. Efficiency Performance Measures

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

[
\frac{a}{b}
]

where:
a is direct expenditure (in dollars); and
b is system length (in kilometres).

Direct line costs 1996 1995
$2,805 $3,204

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

[
\frac{a}{b}
]

where:
a is indirect expenditure (in dollars); and
b is total customers

The average direct cost per kilometre of line is calculated after removing all transmission costs from direct costs of the Network Business unit. Comparative figures have been altered to provide a consistent basis for readers. The Reported cost provided last year was $2,142 per kilometre.

Indirect Line costs - as prescribed 1996 1995
$ $
187 301
per customer per customer

Comparative figures have been altered to provide a consistent basis. The Reported cost provided last year was $199 per customer.

Indirect Line costs - modified

Total Indirect costs as prescribed in the regulations includes all costs that are not direct costs, after removing Transpower charges. Bay of Plenty Electricity, unlike most distribution companies, maintains its own generation division and has significant avoided charges which are charged to the Network division, and paid to the Generation division.

The treatment of the avoided charges for the purposes of the efficiency measures, is to include these costs as indirect costs. The company has provided additional disclosures to allow comparison with companies that do not have generation divisions.

                        1996        1995
                        $       $
                        59      199
                        per customer    per customer


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🏭 Bay of Plenty Electricity Limited Special Purpose Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Electricity, Information Disclosure, Bay of Plenty Electricity Limited, Regulations 1994, Performance Measures, Accounting Return, Efficiency Measures, Direct Line Costs, Indirect Line Costs