New Zealand Gazette – 1997 – No. 176

Page 4181

✨ Financial Performance Measures

16 DECEMBER NEW ZEALAND GAZETTE 4181

NELSON ELECTRICITY LIMITED

Disclosure of financial and efficiency performance measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

The financial measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994 have been derived from Nelson Electricity Limited accounts.

FINANCIAL PERFORMANCE MEASURES

	1997	1996	1995
Accounting Return on Total Assets	9.36%	10.63%	8.60%
Accounting Return on Equity	6.20%	7.27%	5.80%
Accounting Rate of Profit	8.38%	9.32%	5.80%

These financial performance measures were based on the adjusted line business financial statements, which incorporate the adjustments necessary to reflect the fixed assets at ODV. The ODV valuation was audited by Ernst & Young.

EFFICIENCY PERFORMANCE MEASURES

Citipower Limited leased the distribution system owned by Nelson Electricity Limited for the period under review. All information relating to efficiency performance has been provided by Citipower Limited. Enquiries for further information in respect of these should be directed to Citipower Limited.

Efficiency Performance Measures	1997	1996	1995
Direct costs per km	$4,386	$5,318	$7,370
Indirect costs per customer	$ 413	$ 435	$ 381

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VUW Te Waharoa — NZ Gazette 1997, No 176

NZLII — NZ Gazette 1997, No 176

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements of Nelson Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Fixed Assets, Taxation, Deferred Taxation, Nelson Electricity Limited

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