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New Zealand Gazette – 1998 – No. 115

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✨ Financial Performance Measures

NEW ZEALAND GAZETTE

No. 115

Statement of Performance Measures

For the year ended 31 March 1998

Financial measures

	1998	1997	1996	1995
Accounting return on Total Assets (pre-tax)	16.2%	15.8%	14.2%	10.3%
Accounting return on Equity (post-tax)	10.5%	8.9%	9.6%	6.0%
Accounting Rate of Profit (post-tax)	27.9%	8.8%	9.9%	6.0%

Efficiency Measures

	1998	1997	1996	1995
Direct Line cost per Kilometre	$1,885	$1,795	$1,608	$1,802
Indirect line costs per Electricity Customer	$49.60	$54.57	$61.85	$68.71

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

	1998	1997	1996	1995
	($000s)	($000s)	($000s)	($000s)

Depreciation has been adjusted to reflect the ODV valuation of the distribution system.

	1998	1997	1996	1995
Financial Statements	5,757	5,309	4,725	3,631
Performance Measures	5,757	5,309	5,240	5,312

Tax has been adjusted to reflect cash paid.

	1998	1997	1996	1995
Financial Statements	7,593	6,805	6,105	4,559
Performance Measures	7,204	7,836	5,052	4,542

Fixed assets have been adjusted to reflect the ODV valuation for the distribution system.

	1998	1997	1996	1995
Financial Statements	133,934	110,880	110,622	75,213
Performance Measures	133,934	110,880	110,622	108,770

The latest available ODV Valuation was prepared by Sinclair Knight Merz (NZ) Limited (trading as Leyland Consultants) as at 31 March 1998 and amounted to $129,438,500 (1 July 1995 $104,383,000).

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VUW Te Waharoa — NZ Gazette 1998, No 115

NZLII — NZ Gazette 1998, No 115

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements by WEL Energy Group Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Performance Measures, Electricity, Accounting Returns, Efficiency
👱🏽 Names

Merz, ODV Valuation prepared by Sinclair Knight Merz (NZ) Limited

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