Financial Disclosure




3538 NEW ZEALAND GAZETTE No. 146

TRUSTPOWER LIMITED AND SUBSIDIARIES

INFORMATION DISCLOSURE LINE OWNERS

FOR THE YEAR ENDED 31 MARCH 1998

REG# 1st SCH
Part II

13(1)

Financial Performance Measures

1998 1997 1996 1995
1(a) Accounting Return on Total Assets 13.62% 10.59% 7.76% 7.38%
1(b) Accounting Return on Equity 10.92% 6.90% 4.20% 5.17%
1(c) Accounting Rate of Profit 9.47% 11.15% 5.64% 5.07%

Tauranga Electricity was purchased by TrustPower Limited on the 1 November 1997. Five months trading results are included in the Disclosure Notes, but the performance measures are calculated on twelve months result.

The fixed assets have not been revalued in the Disclosure Notes to include 31 March 1998 ODV valuation. The total ODV valuation for the company’s network assets as at 31 March 1998, is $241.3m. The revaluation adjustment has however been included in all performance measure calculations.

Efficiency Performance Measures

1998 1997 1996 1995
2(a) Direct Line Costs per Km $1,531.56 $1,522.96 $1,489.29 $1,798.85
2(b) Indirect Line Costs per Electricity Customer $103.38 $117.50 $139.16 $94.86


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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for TrustPower Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Performance Measures, Accounting Return, Efficiency Measures