✨ Electricity Information Disclosure by Waipa Power Limited
2486 No. 95
NEW ZEALAND GAZETTE
WAIPA POWER LIMITED - LINE BUSINESS
11 CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS
As at balance date the Company had no contingent liabilities or capital commitments.
12 CORPORATISATION OF WAIPA POWER LIMITED
In accordance with the Energy Companies Act 1992, all activities, assets and liabilities of Cambridge and Te Awamutu Electric Power Boards transferred to the public company, Waipa Power Limited on 1 May 1993.
The shares of Waipa Power Limited are held in trust by Trustees of the Waipa Power Trust.
13 RELATED PARTIES
Related party transactions in the accounts of Waipa Power Limited are:
i) An advance to the Waipa Power Trust of $20,000 was made in 1995 to cover its projected running costs. The advances were reimbursed during the year. No advances were made in the 1996 year.
ii) Related Parties purchase goods and services on normal terms of trade.
In addition, provision has been made in the accounts for payment of a dividend to the Waipa Power Trust of $1,251,387 (1995 $1,146,778).
14 PERFORMANCE MEASURES
Disclosure of financial performance measures and efficiency performance measures under regulation 13 of the Electricity (Information Disclosure) Regulations 1994
| 1996 | 1995 | |
|---|---|---|
| 1. Financial performance measures | ||
| (a) Accounting return on total assets | 4.40% | 4.26% |
| (b) Accounting return on equity | 3.40% | 2.84% |
| (c) Accounting rate of profit | 3.32% | 3.08% |
| 2. Efficiency performance measures | | |
| (a) Direct line costs per kilometre | $979 | $1,186 |
| (b) Indirect line costs per electricity customer | $67 | $55 |
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VUW Te Waharoa —
NZ Gazette 1996, No 95
NZLII —
NZ Gazette 1996, No 95
✨ LLM interpretation of page content
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Electricity Information Disclosure by Waipa Power Limited
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🏭 Trade, Customs & IndustryElectricity, Financial Performance, Waipa Power Limited, Contingent Liabilities, Capital Commitments, Corporatisation, Related Parties, Performance Measures, Accounting Return, Direct Line Costs, Indirect Line Costs