New Zealand Gazette – 1997 – No. 91

Page 2179

✨ Financial and Operational Statistics



18 AUGUST NEW ZEALAND GAZETTE 2179

Wairarapa Electricity Limited and Subsidiary Companies

  1. Regulations 13 and 14

(i) Financial Performance Measures

1997 1996 1995
Accounting Return on Total Assets 10.66% 7.00% 5.66%
Accounting Return on Equity 8.00% 5.45% 4.35%
Accounting Rate of Profit
Accounting Rate of Profit (excluding revaluations) 9.18% 5.46% 4.06%
Accounting Rate of Profit (per the regulations) 28.20% 5.46% 4.06%

The 1997 Accounting Rate of Profit (ARP) calculation as defined in Part 1 to the First Schedule of the Electricity (Information Disclosure) Regulations 1994 includes the item "Revaluations" in the calculation. The inclusion of this item in the calculation of ARP has, in the view of the Company, distorted this performance measure so that no reliable comparison of the 1997 measure can be made with prior or future periods.

In order to provide users of these statements with consistency in performance measures, the ARP has been restated as to exclude the item "Revaluations" from the calculation. This item is stated as the "Accounting Rate of Profit (excluding revaluations)" above.

(ii) Efficiency Performance Measures

1997 1996 1995
$ $ $
(a) Direct Line Costs per kilometre 2,179 1,614 1,626
(b) Indirect Line Costs per Electricity Customer 57.58 48.78 37.03

(iii) Optimised Deprival Valuation

The Optimised Deprival Valuation (established as at 30 June 1996) is $60.117 million.

  1. Regulation 15

(i) Energy Delivery Efficiency Performance Measures

1997 1996 1995
(a) Load Factor 63.20% 62.98% 63.50%
(b) Loss Ratio 6.46% 5.40% 5.20%
(c) Capacity Utilisation 24.70% 25.60% 25.70%

(ii) Statistics

See table below for the following statistics:

(a) System Length (Kms) and breakdown by nominal line voltage.
(b) Underground circuit length (kms) and breakdown by nominal line voltage.
(c) Overhead circuitry length (kms) and breakdown by nominal line voltage.

(c) Overhead Circuit (b) Underground Circuit (a) Total System
1997 1996 1995 1997 1996 1995 1997 1996 1995
33kV 189.2 171.1 171.1 1.6 1.6 1.6 190.8 172.7 172.7
11kV 1527.2 1506.3 1521.2 35.5 34.9 34.2 1562.7 1541.2 1555.4
3.3kV 3.4 3.4 3.4 0.0 0.0 0.0 3.4 3.4 3.4
400V 587.5 586.3 586.3 74.4 73.5 73.3 661.9 659.8 659.6
Total 2307.3 2267.1 2282.0 111.5 110.0 109.1 2418.8 2377.1 2391.1


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1997, No 91


NZLII — PDF NZ Gazette 1997, No 91




✨ LLM interpretation of page content

🏭 Financial Statements for Wairarapa Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Wairarapa Electricity Limited, Subsidiary Companies, Performance Measures, Statistics