✨ 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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VUW Te Waharoa —
NZ Gazette 1998, No 146
NZLII —
NZ Gazette 1998, No 146
✨ LLM interpretation of page content
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Notes to the Financial Statements for TrustPower Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Performance Measures, Accounting Return, Efficiency Measures