✨ 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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✨ LLM interpretation of page content

🏭 Statement of Financial Position for Otago Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Performance, Asset Valuation, Accounting Return, Line Costs, Energy Delivery, Load Factor, Loss Ratio, Capacity Utilisation, ODV Valuation, System Length