✨ Energy Business Annual Report
NEW ZEALAND GAZETTE
No. 94
Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1997
Financial and efficiency performance measures for the Lines Business
for the year ended 31 March 1997
Introduction
The Electricity (Information Disclosure) Regulations 1994 forms part of the "light handed" regulatory regime introduced following deregulation of the Electricity Industry.
The Regulations require Electricity Companies that operate a Line Business to publicly disclose in the Gazette and have available on request a variety of information. Included in this disclosure are the Financial, Reliability and Efficiency Performance Measures and Statistics.
In order to consistently define these measures to allow comparison between Electricity Companies, the Regulations require a number of adjustments to be made to the Financial Statements. For this reason, the Financial Statements disclosed are not necessarily the basis of information used for calculations in Performance Measures and Statistics.
This information has been prepared solely for the purpose of complying with regulations 13, 14, 15 and 16 of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.
Financial Measures
Rates of return for the Line Business are as follows:
| 1997 | 1996 | 1995 |
|---|
Before Discount |
Accounting return on total assets (ODV value) | 10.07% | 5.12% | 3.80% |
Accounting return on equity (ODV value) | 10.67% | 7.19% | 6.98% |
Accounting rate of profit (on ODV valuation) | 11.70% | 5.95% | 3.80% |
After Discount |
Accounting return on total assets (ODV value) | 0.03% | 0.17% | 0.18% |
Accounting return on equity (ODV value) | 0.04% | 0.25% | 0.33% |
Accounting rate of profit (on ODV valuation) | 0.04% | 0.36% | 0.18% |
Efficiency
performance measures
| 1997 | 1996 | 1995 |
|---|
Direct line costs per kilometre (including infrastructure maintenance costs) | $1,519 | $1,331 | - |
(as defined in the Electricity Regulations 1994 First Schedule) | | |
Direct line costs per kilometre (excluding infrastructure maintenance costs) | $964 | $846 | $1,189 |
In-direct line costs per electricity customer | $95 | $99 | $121 |
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VUW Te Waharoa —
NZ Gazette 1997, No 94
NZLII —
NZ Gazette 1997, No 94
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Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1997
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🏭 Trade, Customs & Industry30 May 1997
Electricity, Information Disclosure, Horowhenua Energy Limited, Financial Statements, Performance Measures, Valuation, Audit