β¨ Financial Performance Measures
2380 NEW ZEALAND GAZETTE No. 101
WESTPOWER LIMITED
REGULATIONS 13 & 14
FIRST SCHEDULE PART II
LINES BUSINESS FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES
- Financial performance measures
(a) Accounting return on total assets = 4.90% 7.28% 8.25%
(b) Accounting return on equity = 4.39% 5.16% 6.74%
(c) Accounting rate of profit = 4.32% 19.89% 6.71%
EBIT - cash tax - interest tax shield + revaluations = 1,491 5,872 1,818
Average total funds employed - half revaluations 34,509 29,523 27,073
EBIT 1,692 2,296 2,234
Cash Tax 0 (228) (220)
Interest tax shield -
Net interest expense (201) (242) (197)
@ tax rate 33%
Revaluations 0 4,046 0
1,491 5,872 1,818
Average total funds employed 34,509 31,546 27,073
- Efficiency performance measures
(a) Direct line costs per kilometre * = $2,739.46 $2,163.77 $2,052.93
(b) Indirect line costs per electricity customer = $156.54 $126.26 $134.70
- 1995 figure has been restated to adjust for the removal of services and lines owned by generator
The Optimised Deprival Value of Westpower Limited's Line Business Network Assets
as at 31 March 1996 was $32.671 million.
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VUW Te Waharoa —
NZ Gazette 1997, No 101
NZLII —
NZ Gazette 1997, No 101
β¨ LLM interpretation of page content
π
Certification of Financial Statements by Westpower Limited
(continued from previous page)
π Trade, Customs & Industry5 August 1997
Financial Performance Measures, Audit, Electricity, Westpower Limited