✨ Financial Disclosure Report
22 AUGUST NEW ZEALAND GAZETTE 2367
TRUSTPOWER LIMITED AND SUBSIDIARIES
INFORMATION DISCLOSURE LINE OWNERS
FOR THE 12 MONTHS ENDED 31 MARCH 1997
REG # 1ST SCH
Part
13(1) 11
Financial Performance Measures
1(a) Accounting Return on Total Assets 1997 1996 1995
10.59% 7.76% 7.38%
1(b) Accounting Return on Equity 6.90% 4.20% 5.17%
1(c) Accounting Rate of Profit 11.15% 5.64% 5.07%
The Company has revalued its reticulation assets to the Optimised Deprival Value (“ODV”) as at 31 March 1997. The ODV at 31 March 1997 amounted to $211,976,503 an increase from previous years of $7,060,000. The Company has reflected the total new ODV in the financial statements for the first time resulting in an increased in value of $96,277,000. The Company has as a consequence changed its election under section 14(5) of the Electricity (Information Disclosure) Regulations 1994 to exclude expenditure that has the effect of maintaining the service potential of the line assets rather than depreciation which was excluded in previous years. The previous years comparatives for the above financial performance measures have been restated to reflect this change and to provide a consistent comparison year to year.
The accounting rate of profit calculation above for 1997 includes the effect of the increase in the ODV referred to above, as required by the regulations.
Efficiency Performance measures:
2(a) Direct Line Costs per Km $ 1,522.96 $ 1,489.29 $ 1,798.85
2(b) Indirect Line Costs per Electricity Customer $ 117.50 $ 139.16 $ 94.86
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VUW Te Waharoa —
NZ Gazette 1997, No 100
NZLII —
NZ Gazette 1997, No 100
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TrustPower Limited Financial Performance Measures
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🏭 Trade, Customs & Industry1 August 1997
Financial Performance, Accounting Returns, Efficiency Measures, Line Costs, Electricity, Optimised Deprival Value