✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 165
WEL ENERGY GROUP LIMITED
Statement of Performance Measures
For the year ended 31 March 1996
Financial measures
| 1996 | 1995 | |
|---|---|---|
| Accounting return on Total Assets (pre-tax) | 14.2% | 10.3% |
| Accounting return on Equity (post-tax) | 9.5% | 6.0% |
| Accounting Rate of Profit (post-tax) | 9.9% | 6.0% |
Efficiency Measures
| 1996 | 1995 | |
|---|---|---|
| Direct Line cost per Kilometre | $ 1,608 /km | $ 1,802 /km |
| Indirect line costs per Electricity Customer | $ 61.85 /customer | $ 68.71 /customer |
The following amounts have been adjusted in deriving the above performance measures:
| | Financial Statements | Performance Measures |
| | 1996 | 1995 | 1996 | 1995 |
| | ($000s) | ($000s) | ($000s) | ($000s) |
| Depreciation has been adjusted to reflect the ODV valuation of the distribution system | 4,725 | 3,631 | 5,240 | 5,312 |
| Tax has been adjusted to reflect cash paid | 6,105 | 4,559 | 5,052 | 4,542 |
| Fixed assets have been adjusted to reflect the ODV valuation for the distribution system | 110,622 | 75,213 | 110,622 | 108,770 |
The latest available ODV Valuation was prepared by Worley International Limited as at 1 July 1995 and amounted to $105,770,000.
These statements are to be read in conjunction with the Certification by Auditor on page 11.
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VUW Te Waharoa —
NZ Gazette 1996, No 165
NZLII —
NZ Gazette 1996, No 165
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Statement of Performance Measures for WEL Energy Group Limited
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🏭 Trade, Customs & IndustryFinancial Performance, Accounting Returns, Efficiency Measures, ODV Valuation, Worley International Limited