β¨ Financial Performance Report
2390 NEW ZEALAND GAZETTE No. 102
STATEMENT OF PERFORMANCE MEASUREMENT
INFORMATION DISCLOSURES
ASSET VALUATION
For the purposes of these Financial Performance Measures and Efficiency Performance Measures Otago Power Limited has used the Optimised Deprival Value method of valuing Assets. This method is a requirement of the Electricity (Information Disclosure) Regulations 1994. This has had the effect of increasing the value of Fixed Assets and Shareholders Funds in the 1995, 1996 and 1997 years by $22,460,734.
FINANCIAL PERFORMANCE MEASURES
| 1997 | 1996 | 1995 | |
|---|---|---|---|
| Accounting Return on Total Assets | 7.0823% | 10.2185% | 8.439% |
| Accounting Return on Equity | 5.4948% | 8.0444% | 6.6375% |
| Accounting Rate of Profit | 5.5573% | 8.0099% | 6.627% |
EFFICIENCY PERFORMANCE MEASURES
| 1997 | 1996 | 1995 | |
|---|---|---|---|
| Direct Line Costs per Kilometre | $461.82 | $451.75 | $357.32 |
| Indirect Line Costs per Electricity Customer | $127.38 | $156.96 | $182.25 |
ENERGY DELIVERY EFFICIENCY PERFORMANCE MEASURES
| 1997 | 1996 | 1995 | |
|---|---|---|---|
| Load Factor | 64.8% | 62.473% | 62.129% |
| Loss Ratio | 6.55% | 6.70% | 6.563% |
| Capacity Utilisation | 31.74% | 32.76% | 31.804% |
ODV Valuation for Line Business Assets | $37,064,261 | $37,064,261 | $37,064,261 |
STATISTICS
| 1997 | 1996 | 1995 | |
|---|---|---|---|
| System Length | 4674.414 km's | 4659.053 km's | 4631.294 km's |
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VUW Te Waharoa —
NZ Gazette 1997, No 102
NZLII —
NZ Gazette 1997, No 102
β¨ LLM interpretation of page content
π
Statement of Financial Position
(continued from previous page)
π Trade, Customs & IndustryFinancial Position, Assets, Liabilities, Shareholders Funds, Fixed Assets, Investments, Current Assets, Term Liabilities, Current Liabilities
π Asset Valuation Information Disclosures
π Trade, Customs & IndustryAsset Valuation, Optimised Deprival Value, Electricity Information Disclosure Regulations, Fixed Assets, Shareholders Funds
π Financial Performance Measures
π Trade, Customs & IndustryAccounting Return, Total Assets, Equity, Rate of Profit
π Efficiency Performance Measures
π Trade, Customs & IndustryDirect Line Costs, Indirect Line Costs, Electricity Customer
π Energy Delivery Efficiency Performance Measures
π Trade, Customs & IndustryLoad Factor, Loss Ratio, Capacity Utilisation, ODV Valuation
π System Statistics
π Trade, Customs & IndustrySystem Length, Kilometres