✨ Financial Performance Report




21 AUGUST NEW ZEALAND GAZETTE 2943

ALPINE ENERGY LIMITED

FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES

FOR THE YEAR ENDED 31 MARCH 1998

Pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994:

1998 1997 1996 1995
1. Financial Performance Measures
a) Accounting Return on Total Assets 7.70% 5.98% 4.91% 6.84%
b) Accounting Return on Equity 5.58% 4.44% 3.63% 5.24%
c) Accounting Rate of Profit 5.90% 4.57% -10.38% 5.17%

| 2. Efficiency Performance Measures | | | | |
| a) Direct Line Costs per kilometre | $928 | $781 | $865 | $1,986 |
| b) Indirect Line Costs per Electricity Customer | $61 | $52 | $45 | $55 |

Pursuant to Regulation 14A of the Electricity (Information Disclosure) Regulations 1994:

The ODV value of the network reticulation system as at 31 March 1996 is $65,790,000



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Financial Performance, Efficiency Measures, Accounting Returns, Line Costs, ODV Value, Network Reticulation System, Alpine Energy Limited