✨ Financial Statements




Wairoa Power Limited - Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1996 continued

7. RECEIVABLES AND PREPAYMENTS

1997 1996
Trade Debtors 653,016 717,926
Other Receivables 120,858 151,240
Prepayments β€” 2,265
Total 773,874 871,431

8. INVENTORIES

| Line & General Inventories | 258,756 | 257,565 |

9. CONTINGENT LIABILITIES

The Business has no contingent liabilities.

10. COMMITMENTS

Capital Commitments

The Business has no capital commitments at balance date.

Operating lease commitments

The Business has no non-cancellable operating leases.

11. TRANSACTIONS WITH RELATED PARTIES

Wairoa Power Limited paid rates to Wairoa District Council, a significant shareholder. The rates were charged on normal terms and conditions.

No related party debts have been written off or forgiven during the year.


Wairoa Power Limited - Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1997 continued

12. FINANCIAL PERFORMANCE MEASURES

1997 1996 1995
Accounting return on total assets 5.89% 9.14% 10.00%
Accounting return on equity 4.37% 6.25% 7.39%
Accounting rate of profit 3.90% 6.09% 7.78%

13. EFFICIENCY PERFORMANCE MEASURES

1997 1996 1995
Direct Line costs per kilometre $1,077 $1,142 $1,442
Indirect Line costs per customer $106 $89 $86

14. ENERGY DELIVERY PERFORMANCE MEASURES

1997 1996 1995
Load Factor 47.4 53.0 55.0
Loss Ratio 7.45 7.44 4.62
Capacity Utilisation 22.3 23.1 21.0

15. ODV VALUATION

ODV valuation as at 31 March 1995 was $9.84 million


THE NEW ZEALAND GAZETTE

27 AUGUST



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✨ LLM interpretation of page content

πŸ’° Notes to Financial Statements of Wairoa Power Limited - Lines Business (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Receivables, Inventories, Contingent Liabilities, Commitments, Related Party Transactions, Financial Performance Measures, Efficiency Performance Measures, Energy Delivery Performance Measures, ODV Valuation, Wairoa Power Limited