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New Zealand Gazette – 1998 – No. 123

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✨ Financial Performance Report

25 AUGUST NEW ZEALAND GAZETTE 2975

KING COUNTRY ENERGY LIMITED

FINANCIAL PERFORMANCE MEASURES

As at 31 March 1998

(a) Accounting Return on Total Assets

Earnings before Interest and Tax, divided by Average Total Funds Employed.

Note	1995	1996	1997	1998
	$'000	$'000	$'000	$'000
Earnings before Interest and Tax	523	1,405	1249	1647
Total Funds Employed Last Year	28,565	28,193	27695	28269
Total Funds Employed This Year	28,193	27,695	28269	28456
Average Total Funds Employed	28,379	27,944	27982	28363
Accounting Return on Total Assets	1	1.84%	5.03%	4.46%

(b) Accounting Return on Equity

Net Profit after Tax, divided by Average Total Shareholders Funds.

	$'000	$'000	$'000	$'000
Net Profit after Tax	520	1,222	867	1436
Shareholders’ Funds Last Year	28,565	28,193	27695	28269
Shareholders’ Funds This Year	28,193	27,695	28269	28456
Average Shareholders Funds	28,379	27,944	27982	28363
Accounting Return on Equity	1	1.83%	4.37%	3.10%

	$'000	$'000	$'000	$'000
Earnings Before Interest and Tax	523	1,405	1249	1647
Less Cash Tax	-5	-281	-317	-529
Less Interest Tax Shield	0	0	0	0
Plus Revaluation’s	-557	407	-296	-1,912
	-39	1,531	636	-794
Average Total Funds Employed, minus half the amount of revaluation’s	28,657	27741	28130	29319
Accounting Rate of Profit	2	-0.14%	5.52%	2.26%

(d) Lines Business

Fixed Assets at Optimised Deprival Value (ODV) $m

| | 25.30 | 25.29 | 25.34 | 25.18 |

ODV Audited Valuation Report Date

| | 31/03/94 | 31/03/94 | 31/03/97 | 31/03/97 |

Network ODV at Audited Valuation Report Date $m

| | 22.46 | 22.46 | 23.35 | 23.35 |

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VUW Te Waharoa — NZ Gazette 1998, No 123

NZLII — NZ Gazette 1998, No 123

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 King Country Energy Limited Financial Performance Certification (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated6 August 1998
KeywordsFinancial Performance, Certification, Electricity Regulations, King Country Energy Limited

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