β¨ Financial Performance Report
NEW ZEALAND GAZETTE
21 AUGUST
2307
KING COUNTRY ENERGY LIMITED
FINANCIAL PERFORMANCE MEASURES
31 MARCH 1996
- (a) Accounting Return on Total Assets
Earnings before Interest and Tax, divided by Average Total Funds Employed.
| 1995 | 1996 | |||
|---|---|---|---|---|
| $'000 | $'000 | |||
| Earnings before Interest and Tax | 523 | 1,360 | ||
| Total Funds Employed 1995 | 28,565 | 28,193 | ||
| Total Funds Employed 1996 | 28,193 | 27,695 | ||
| Average Total Funds Employed | 28,379 | 27,944 | ||
| Accounting Return on Total Assets | 1.84% | 4.87% |
(b) Accounting Return on Equity
Net Profit after Tax, divided by Average Total Shareholders Funds.
| 1995 | 1996 | |||
|---|---|---|---|---|
| $'000 | $'000 | |||
| Net Profit after Tax | 520 | 1,177 | ||
| Shareholders' Funds 1995 | 28,565 | 28,193 | ||
| Shareholders' Funds 1996 | 28,193 | 27,695 | ||
| Average Shareholders Funds | 28,379 | 27,944 | ||
| Accounting Return on Equity | 1.83% | 4.21% |
(c) Accounting Rate of Profit
Earnings Before Interest and Tax
Less Cash Tax
Less Interest Tax Shield
Plus Revaluation's
| 1995 | 1996 | |||
|---|---|---|---|---|
| $'000 | $'000 | |||
| Earnings Before Interest and Tax | 523 | 1,360 | ||
| Less Cash Tax | 5 | (281) | ||
| Less Interest Tax Shield | - | - | ||
| Plus Revaluation's | (557) | (421) | ||
| (39) | 658 | |||
| + Average Total Funds Employed, minus half the amount of revaluation's | 28,657 | |||
| Accounting Rate of Profit | 0.14% | 2.34% |
(d) Lines Business Fixed Assets at Optimised Deprival Value
| 1995 | 1996 | |
|---|---|---|
| ODV Audited Valuation Report Date | 31/3/94 | 31/3/94 |
| Network ODV at Audited Valuation Report Date $m | 22.46 | 22.46 |
| Lines Business Fixed Assets at Optimised Deprival Value | 25,297 | 25,290 |
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VUW Te Waharoa —
NZ Gazette 1996, No 87
NZLII —
NZ Gazette 1996, No 87
β¨ LLM interpretation of page content
π°
King Country Energy Limited Financial Performance Measures Certification
(continued from previous page)
π° Finance & Revenue8 August 1996
Financial Performance, Efficiency Measures, Electricity Regulations, Auditor Certification