✨ Financial Statements
Wairoa Power Limited - Lines Business
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1998 continued
- COMMITMENTS
Capital Commitments
Estimated capital expenditure contracted for at balance date but not provided for
86,000
Operating lease commitments
The Business has no non-cancellable operating leases.
- TRANSACTIONS WITH RELATED PARTIES
Wairoa Power Limited paid rates totaling $18,776 to Wairoa District Council, a significant shareholder. The rates were charged on normal terms and conditions.
No related party debts have been written off or forgiven during the year.
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1998 continued
- FINANCIAL PERFORMANCE MEASURES
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Accounting return on total assets | 7.5% | 5.9% | 9.1% | 10.0% |
| Accounting return on equity | 5.2% | 4.4% | 6.3% | 7.4% |
| Accounting rate of profit | 15.8% | 3.9% | 6.1% | 7.8% |
- EFFICIENCY PERFORMANCE MEASURES
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Direct Line costs per kilometre | $1,181 | $1,077 | $1,142 | $1,442 |
| Indirect Line costs per customer | $88 | $106 | $89 | $86 |
- ENERGY DELIVERY PERFORMANCE MEASURES
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Load Factor | 57 | 47 | 53 | 55 |
| Loss Ratio | 7 | 7 | 7 | 5 |
| Capacity Utilisation | 20 | 22 | 23 | 21 |
- ODV VALUATION
ODV valuation as at 31 March 1997 was $11.57 million
NEW ZEALAND GAZETTE
No. 141
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VUW Te Waharoa —
NZ Gazette 1998, No 141
NZLII —
NZ Gazette 1998, No 141
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Financial Performance and Position of Wairoa Power Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Performance, Equity, Assets, Liabilities, Wairoa Power Limited