β¨ 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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VUW Te Waharoa —
NZ Gazette 1997, No 106
NZLII —
NZ Gazette 1997, No 106
β¨ LLM interpretation of page content
π°
Notes to Financial Statements of Wairoa Power Limited - Lines Business
(continued from previous page)
π° Finance & RevenueFinancial Statements, Receivables, Inventories, Contingent Liabilities, Commitments, Related Party Transactions, Financial Performance Measures, Efficiency Performance Measures, Energy Delivery Performance Measures, ODV Valuation, Wairoa Power Limited