✨ 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

Broken down as follows:



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✨ LLM interpretation of page content

🏭 Statement of Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Assets, Liabilities, Shareholders Funds, Fixed Assets, Investments, Current Assets, Term Liabilities, Current Liabilities

🏭 Asset Valuation Information Disclosures

🏭 Trade, Customs & Industry
Asset Valuation, Optimised Deprival Value, Electricity Information Disclosure Regulations, Fixed Assets, Shareholders Funds

🏭 Financial Performance Measures

🏭 Trade, Customs & Industry
Accounting Return, Total Assets, Equity, Rate of Profit

🏭 Efficiency Performance Measures

🏭 Trade, Customs & Industry
Direct Line Costs, Indirect Line Costs, Electricity Customer

🏭 Energy Delivery Efficiency Performance Measures

🏭 Trade, Customs & Industry
Load Factor, Loss Ratio, Capacity Utilisation, ODV Valuation

🏭 System Statistics

🏭 Trade, Customs & Industry
System Length, Kilometres