New Zealand Gazette – 1997 – No. 114

Page 2670

✨ Financial Performance Report



NEW ZEALAND GAZETTE

No. 114

MAINPOWER NEW ZEALAND LTD

DISCLOSURE OF FINANCIAL PERFORMANCE MEASURES AND EFFICIENCY PERFORMANCE MEASURES PURSUANT TO REGULATION 13 AND PART II OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

For The Year Ended 31 March 1997

  1. Financial Performance Measures

    a) Accounting Return on Total Assets

    Accounting return on total assets, being earnings before interest, tax and shareholder rebates, divided by average total funds employed:

    1997 1996 1995
    13.15% 10.32% 9.97%

    b) Accounting Return on Equity

    (i) Accounting return on equity, being net profit after tax and before shareholder rebates, divided by average total shareholders’ funds:

    1997 1996 1995
    11.58% 7.55% 7.50%

    (ii) Accounting return on equity, being net profit after tax and after shareholder rebates, divided by average total shareholders’ funds:

    1997 1996 1995
    6.17% 7.55% 7.50%

    c) Accounting Rate of Profit

    (i) Accounting rate of profit being earnings before interest, tax and shareholder rebates, less cash tax, less interest tax shield plus revaluations, divided by average total funds employed minus half the amount of revaluations:

    1997 1996 1995
    11.72% 7.68% 7.86%

    (ii) Accounting rate of profit being earnings before interest and tax, less shareholder rebates, less cash tax, less interest tax shield plus revaluations, divided by average total funds employed minus half the amount of revaluations:

    1997 1996 1995
    6.36% 7.68% 7.86%

  2. Efficiency Performance Measures

    a) Direct line costs per kilometre:

    1997 1996 1995
    $698 $825 $537

    b) Indirect line costs per electricity customer:

    1997 1996 1995
    $135 $121 $154


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🏭 Disclosure of Financial Performance Measures and Efficiency Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Measures, Electricity, Mainpower New Zealand Ltd, Accounting Return, Profit Measures