New Zealand Gazette – 1998 – No. 133

Page 3254

✨ Electricity Financial and Efficiency Performance



3254 NEW ZEALAND GAZETTE No. 133

DISCLOSURE OF FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES AS REQUIRED BY REGULATIONS 13, 14, 15 AND 16 OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994.

Regulation 13

1. Financial Performance Measures

(Calculations INCLUDE the effects of the customer rebate for 1998, 1997 and 1996)

1998 1997 1996 1995
(a) Accounting return on
total assets: 2.7% 0.2% 0.1% 2.0%
(b) Accounting return on
equity: 1.3% (1.5%) (1.2%) 0.8%
(c) Accounting rate of
profit: (includes revaluation) 33.5% (0.5%) (1.1%) 1.3%

Pre Rebate Comparisons

In order to provide a consistent comparison with the sector, the performance measures above are restated below after adding back the impact of the customer rebates.

1998 1997 1996 1995
(a) Accounting return on
total assets: 4.3% 2.4% 2.3% 2.0%
(b) Accounting return on
equity: 2.9% 0.8% 1.0% 0.8%
(c) Accounting rate of
profit: (includes revaluation) 35.3% 1.8% 1.1% 1.3%

ODV Revaluation

A comparison of the Accounting Rate of Profit performance measure for 1998 without the effects of the Optimised Deprival Valuation adjustment is 2.2% with rebate included and 3.8% excluded.

2. Efficiency performance measures

1998 1997 1996 1995
(a) Direct line costs per $1,241/km $1,476/km $1,204/km $1,247/km
kilometre:
(b) Indirect line costs $48/customer $43/customer $33/customer $32/customer
per electricity customer:

Regulation 14

1. ODV Valuation

$58.3M
Date 1/4/97

Regulation 15

1. Energy Delivery Efficiency Performance Measures

1998 1997 1996 1995
(a) Load Factor 56.8% 54.9% 53.0% 58.9%
(b) Loss Ratio 7.3% 7.1% 6.9% 6.8%
(c) Capacity Utilisation 28.8% 26.6% 26.3% 25.2%


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✨ LLM interpretation of page content

🏭 Line Business Activity Financial Statements for 1997 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Operating Expenditure, Taxation, Line Services, Transmission

🏭 Disclosure of Financial and Efficiency Performance Measures for Electricity

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Efficiency Measures, ODV Valuation, Energy Delivery