New Zealand Gazette – 1998 – No. 155

Page 3705

✨ Financial Performance Measures



23 SEPTEMBER NEW ZEALAND GAZETTE 3705

MAINPOWER NEW ZEALAND LTD

DISCLOSURE OF FINANCIAL PERFORMANCE MEASURES AND EFFICIENCY PERFORMANCE MEASURES PURSUANT TO REGULATION 13 AND PART II OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

For The Year Ended 31 March 1998

  1. Financial Performance Measures
1998 1997 1996 1995

a) Accounting Return on Total Assets

Accounting return on total assets, being earnings before interest, tax and shareholder rebates, divided by average total funds employed:

11.98% 13.15% 10.32% 9.97%

b) Accounting Return on Equity

(i) Accounting return on equity, being net profit after tax and before shareholder rebates, divided by average total shareholders’ funds:

10.45% 11.58% 7.55% 7.50%

(ii) Accounting return on equity, being net profit after tax and after shareholder rebates, divided by average total shareholders’ funds:

4.63% 6.17% 7.55% 7.50%

c) Accounting rate of profit

(i) Accounting rate of profit being earnings before interest, tax and shareholder rebates, less cash tax, less interest tax shield plus revaluations, divided by average total funds employed minus half the amount of revaluations:

24.86% 11.72% 7.68% 7.86%

(Includes Revaluation)

(ii) Accounting rate of profit being earnings before interest and tax, less shareholder rebates, less cash tax, less interest tax shield plus revaluations, divided by average total funds employed minus half the amount of revaluations:

18.70% 6.36% 7.68% 7.86%

(Includes Revaluation)

  1. Efficiency Performance Measures

a) Direct line costs per kilometre:

$714 $698 $825 $537

  • Included in total system line length of 3,983 kilometres for the first time this year is 507 kilometres of 11kV lines, situated on private property. The Company has now assumed ownership of these lines following agreement with the owners of the property.

b) Indirect line costs per electricity customer:

$144 $135 $121 $154



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✨ LLM interpretation of page content

🏭 MainPower New Zealand Ltd Statement of Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Measures, Electricity, Accounting Return, Profit, Line Costs