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New Zealand Gazette – 1996 – No. 90

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✨ Financial Statements

NEW ZEALAND GAZETTE

23 AUGUST

2365

WAITOMO ENERGY SERVICES LIMITED

Electricity & Other Business Activity
Notes to the Financial Statements continued...

NOTE 7: Financial Instruments

Fair Values

The fair values of financial instruments are considered to be not materially different from the carrying values shown in the Financial Statements.

Credit Risk

Financial instruments which potentially subject the Company to credit risk principally consist of bank deposits and accounts receivable.

Credit risk with respect to bank deposits is reduced by spreading deposits with a range of high credit quality financial institutions.

Credit risk in respect of debtors is limited due to the large numbers of customers. These debtors are subject to credit control and, with the exception of hire purchase debtors, are unsecured.

NOTE 8: Segmental Information

Waitomo Energy Services operates predominantly in one geographical segment.

It is located in the mid-central North Island in the King Country. The head office is located in the township of Te Kuiti.

NOTE 9: Other Services Provided by Auditors

In addition to the audit fees of $11,871 to KPMG, the Company has also paid to them $41,663 for other services provided.

FINANCIAL PERFORMANCE MEASURES AND EFFICIENCY PERFORMANCE MEASURES

1. Financial Performance Measures

	1996	1995
(a) Accounting return on total assets being earnings before interest and tax, divided by average total funds employed	7.13%	6.24%
(b) Accounting return on equity, being net profit after tax, divided by average total shareholders funds	5.41%	4.74%
(c) Accounting rate of profit	5.07%	4.71%

2. Efficiency Performance Measures

	1996	1995
(a) Direct line costs per km	$690	$662
(b) Indirect costs per customer	$70	$72

ODV VALUATION

As at 1st April 1994 the stand alone ODV Valuation of the line business was $35.7 million.

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VUW Te Waharoa — NZ Gazette 1996, No 90

NZLII — NZ Gazette 1996, No 90

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Information Disclosure by Waitomo Energy Services Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Statements, Income, Expenses, Assets, Liabilities, King Country

🏭 Financial Performance Measures and Efficiency Performance Measures

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Efficiency Measures, Accounting Returns, Direct Line Costs, Indirect Costs

🏭 ODV Valuation

Domain🏭 Trade, Customs & Industry
KeywordsODV Valuation, Line Business, Financial Valuation

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