New Zealand Gazette – 1998 – No. 143

Page 3476

✨ Financial Performance Disclosure



3476 NEW ZEALAND GAZETTE No. 143

Regulation 13 - Disclosure by line owners of financial and efficiency performance measures

1998 1997 1996 1995
1
(a) Accounting return on total assets, being earnings before interest and tax, divided by average total funds employed: 9.0% 7.0% 6.0% 4.6%
(b) Accounting return on equity, being net profit after tax, divided by average total ordinary shareholder funds 5.9% 4.6% 3.0% 0.8%
(c) Accounting rate of profit 5.2% 30.6% 3.0% 1.7%

Note: The measures for 1997 incorporate the impact of a revaluation as at 31 March 1997.

If this revaluation had not been performed, the returns for 1997 would have been as follows:

  • Accounting return on total assets: 8.0%
  • Accounting return on equity: 5.3%
  • Accounting rate of profit: 4.9%
1998 1997 1996 1995
2
(a) Direct line costs per kilometre: $1,158.05 $1,081.99 $1,027.59 $1,092.94
(b) Indirect line costs per electricity customer: $138.30 $127.01 $137.62 $130.91

Where applicable, the above information has been calculated in accordance with Regulation 14.



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🏗️ Southpower Limited Information Disclosure (continued from previous page)

🏗️ Infrastructure & Public Works
Electricity, Financial Disclosure, Southpower Limited, Accounting Returns, Line Costs