New Zealand Gazette – 1997 – No. 180

Page 4319

✨ Financial Statements

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1997

18 DISCLOSURE OF PERFORMANCE MEASURES PURSUANT TO REGULATION 15 AND PART II OF THE FIRST SCHEDULE OF THE GAS (INFORMATION DISCLOSURE) REGULATIONS 1997

Financial Performance Measures

	1997
(i) Accounting Return on Total Assets	8.21%
(ii) Accounting Return on Equity	6.33%
(iii) Accounting Rate of Profit	8.17%

Efficiency Performance Measures

	1997
(iv) Direct Line Cost per Kilometre	$2,118.03
(v) Indirect Line Cost per Gas Customer	$94.64

19 CONTINGENT LIABILITIES AND COMMITMENTS

There are capital commitments amounting to $810,055 as at balance date. These commitments are for the purchase of transformers and meters, and are normal business transactions.

The company has guaranteed the obligations of its associate company as they relate to energy purchases on its behalf. The shareholders of Energy Brokers New Zealand Limited have made arrangements with its bankers to provide guarantees up to $2.5 million to enable the said company to trade in the wholesale market. Powerco Limited's exposure for this transaction is restricted to its shareholding proportion of 41%. Since balance date the amount of the guarantee has increased to $40 million.

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VUW Te Waharoa — NZ Gazette 1997, No 180

NZLII — NZ Gazette 1997, No 180

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✨ LLM interpretation of page content

💰 Disclosure of Performance Measures

Domain💰 Finance & Revenue
KeywordsFinancial Performance, Accounting Return, Efficiency Measures, Cost Analysis

💰 Contingent Liabilities and Commitments

Domain💰 Finance & Revenue
KeywordsCapital Commitments, Guarantees, Financial Exposure, Associate Company

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