New Zealand Gazette – 1998 – No. 116

Page 2851

✨ Financial and Efficiency Performance Measures



17 AUGUST

NEW ZEALAND GAZETTE

2851

WAITOMO ENERGY SERVICES LTD

Disclosure of financial and efficiency performances measures as required 13,14, 15 and 16 of the Electricity (Information Disclosure) Regulations 1994.

Year ended 31 March

1998 1997 1996 1995

Regulation 13:

  1. Financial performance measures
    (a) Accounting return on total assets
    9.27% | 7.64% | 7.13% | 6.24% |
    (b) Accounting return on equity
    6.93% | 5.67% | 5.41% | 4.74% |
    (c) Accounting rate of profit
    6.62% | 5.25% | 5.07% | 4.71% |

For the purpose of calculating the above ratios the revenue has been calculated before special discounts and the tax has been calculated before the effect of special discounts. This has an effect of increasing 1998 revenue by $1,122,000 and decreasing tax by $370,260.

  1. Financial performance measures
    (a) Accounting return on total assets
    5.00% | 3.69% | | |
    (b) Accounting return on equity
    3.83% | 2.80% | | |
    (c) Accounting rate of profit
    3.75% | 2.60% | | |

For the purposes of calculating the above ratios the 1998 revenue has been calculated deducting special discounts paid of $1,673,956.

  1. Efficiency performance measures
    (a) Direct line costs per kilometre
    $762 | $706 | $690 | $662 |
    (b) Indirect line costs per electricity customer
    $66 | $68 | $70 | $72 |

  2. (a) Load Factor
    57.73% | 60.28% | 56.34% | 56.25% |
    (b) Loss Ratio
    8.80% | 8.64% | 8.86% | 8.89% |
    (c) Capacity Utilisation
    37.24% | 34.12% | 35.82% | 35.66% |

Regulation 14a:

  1. As at 1st April 1997 the ODV Valuation of the lines business
    (a) As certified by Coopers & Lybrand was $39.51 million
    (b) Without financial and other assets was $39.94 million
    (c) Without meters and relays was $37.57 million

The ODVs has been certified by PricewaterhouseCoopers as complying with the 1998 handbook.

Regulation 15:

Statistics

(a) System lengths (kms)

  • 33kV
    207 | 204 | 204 | 204 |
  • 11kV
    2,221 | 2,220 | 2,220 | 2,220 |
  • LV
    139 | 138 | 138 | 138 |
  • Total
    2,567 | 2,562 | 2,562 | 2,562 |

(b) Circuit length (overhead) (kms)

  • 33kV
    207 | 204 | 204 | 204 |
  • 11kV
    2,215 | 2,214 | 2,214 | 2,214 |
  • LV
    123 | 123 | 123 | 123 |
  • Total
    2,545 | 2,541 | 2,541 | 2,541 |

(c) Circuit length (underground) (kms)

  • 11 kV
    6 | 6 | 6 | 6 |
  • LV
    16 | 15 | 15 | 15 |
  • Total
    22 | 21 | 21 | 21 |

(d) Transformer capacity (kVA)
82,959 | 82,758 | 81,109 | 78,211 |

(e) Maximum demand (kW)
30,900 | 28,240 | 29,050 | 27,890 |

(f) Total electricity supplied (kWH)(000’s)
142,529 | 134,571 | 130,673 | 125,228 |

(g) Total electricity conveyed on behalf of other persons.
0 | 0 | 0 | 0 |

(h) Total customer
9,726 | 9,525 | 8,961 | 8,740 |

(i) Total metered installations
11,610 | 12,948 | 12,305 | 11,674 |



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✨ LLM interpretation of page content

🏭 Waitomo Energy Services Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Efficiency Measures, Financial Ratios, System Lengths, Circuit Lengths, Transformer Capacity, Maximum Demand, Electricity Supply, Customer Statistics