New Zealand Gazette – 1997 – No. 131

Page 3057

✨ Electricity Performance Measures



17 SEPTEMBER NEW ZEALAND GAZETTE 3057

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

  1. Financial Performance Measures

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

7.5% (1996 - 11.1%) (1995 - 9.5%)

Accounting return on equity, being net profit after tax, divided by average total shareholders’ funds:

4.4% (1996 - 12.3%) (1995 - 10.1%)

Accounting rate of profit which is calculated in accordance with the following formula:

a-b-c+d
-----
  e

where:

a is earnings before interest and tax
b is cash tax
c is interest tax shield
d is revaluations
e is total funds employed minus half the amount of any revaluations.

4.9% (1996 - 25.8%) (1995 - 8.1%)

  1. Efficiency Performance Measures

(a) Direct line costs per kilometre which are calculated in accordance with the following formula:

a
-
b

where:

a is direct expenditure (in dollars)
b is system length in kilometres

$3,715 (1996 - $3,872) (1995 - $2,910)

(b) Indirect line costs per electricity customer which are calculated in accordance with the following formula:

a
-
b

where:

a is indirect expenditure (in dollars)
b is total customers

$112 (1996 - $100) (1995 - $142)



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✨ LLM interpretation of page content

🏭 Disclosure of financial and efficiency performance measures (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Efficiency Measures, Accounting Return, Line Costs, Regulations