✨ Financial Performance Report




NEW ZEALAND GAZETTE

21 AUGUST

2307

KING COUNTRY ENERGY LIMITED

FINANCIAL PERFORMANCE MEASURES

31 MARCH 1996

  1. (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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✨ LLM interpretation of page content

πŸ’° King Country Energy Limited Financial Performance Measures Certification (continued from previous page)

πŸ’° Finance & Revenue
8 August 1996
Financial Performance, Efficiency Measures, Electricity Regulations, Auditor Certification