β¨ Financial Performance Measures
3152
NEW ZEALAND GAZETTE
No. 128
STATEMENT OF PERFORMANCE MEASUREMENT
INFORMATION DISCLOSURES
ASSET VALUATION
For the purposes of these Financial Performance Measures and Efficiency Performance Measures Otago Power Limited has used the Optimised Deprival Value method of valuing Assets. This method is a requirement of the Electricity (Information Disclosure) Regulations 1994. This has had the effect of increasing the value of Fixed Assets and Shareholders Funds in the 1998 year by $38,589,196.
FINANCIAL PERFORMANCE MEASURES
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Accounting Return on Total Assets | 5.33% | 7.08% | 10.22% | 8.44% |
| Accounting Return on Equity | 4.49% | 5.49% | 8.04% | 6.64% |
| Accounting Rate of Profit | 46.00% | 5.56% | 8.01% | 6.63% |
EFFICIENCY PERFORMANCE MEASURES
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Direct Line Costs per Kilometre | $505.65 | $461.82 | $451.75 | $357.32 |
| Indirect Line Costs per Electricity Customer | $157.21 | $127.38 | $156.96 | $182.25 |
ENERGY DELIVERY EFFICIENCY PERFORMANCE MEASURES
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Load Factor | 67.67% | 64.8% | 62.473% | 62.129% |
| Loss Ratio | 4.89% | 6.55% | 6.70% | 6.563% |
| Capacity Utilisation | 39.57% | 36.56% | 38.89% | 38.50% |
| ODV Valuation for Line Business Assts | $51,313,000 | $37,064,261 | $37,064,261 | $37,064,261 |
STATISTICS
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| System Length | km's 4039.68 | km's 4674.414 | km's 4659.053 | km's 4631.294 |
| Broken down as follows: |
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VUW Te Waharoa —
NZ Gazette 1998, No 128
NZLII —
NZ Gazette 1998, No 128
β¨ LLM interpretation of page content
π
Statement of Financial Position for Otago Power Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Performance, Efficiency Performance, Asset Valuation, Accounting Return, Line Costs, Energy Delivery, Load Factor, Loss Ratio, Capacity Utilisation, ODV Valuation, System Length