✨ Financial Performance Measures




2270 NEW ZEALAND GAZETTE No. 97

Statement of Performance Measures

For the year ended 31 March 1997

1997 1996 1995

Financial measures

Accounting return on Total Assets (pre-tax)
15.8% | 14.2% | 10.3%

Accounting return on Equity (post-tax)
8.9% | 9.6% | 6.0%

Accounting Rate of Profit (post-tax)
8.8% | 9.9% | 6.0%

Efficiency Measures

Direct Line cost per Kilometre
$1,795 | $1,608 | $1,802

Indirect line costs per Electricity Customer
$54.57 | $61.85 | $68.71

The following amounts have been adjusted in deriving the above performance measures:

Financial Statements ($000s) Performance Measures ($000s)
1997 1996

Depreciation has been adjusted to reflect the ODV valuation of the distribution system.
5,309 | 4,725 | 3,631 | 5,309 | 5,240 | 5,312

Tax has been adjusted to reflect cash paid.
6,805 | 6,105 | 4,559 | 7,836 | 5,052 | 4,542

Fixed assets have been adjusted to reflect the ODV valuation for the distribution system.
110,880 | 110,622 | 75,213 | 110,880 | 110,622 | 108,770

The latest available ODV Valuation was prepared by Worley International Limited as at 1 July 1995 and amounted to $105,770,000.



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🏭 Statement of Performance Measures for WEL Energy Group Limited (continued from previous page)

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Financial Performance, Accounting Returns, Efficiency Measures, Electricity, WEL Energy Group