✨ Financial Performance Disclosure
3706 NEW ZEALAND GAZETTE No. 155
MAINPOWER NEW ZEALAND LTD
DISCLOSURE OF FINANCIAL PERFORMANCE MEASURES AND EFFICIENCY PERFORMANCE MEASURES PURSUANT TO REGULATION 14A AND PART II OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994
For The Year Ended 31 March 1998
Optimised Deprival Valuation (ODV)
The Electricity (Information Disclosure) Regulations 1994 ("the Regulations") provide that the lines business of every energy company, established in accordance with the Energy Companies Act 1992, should be valued for regulatory purposes on an ODV basis.
In conjunction with Worley Consultants Ltd, Coopers and Lybrand undertook the valuation exercise and have provided to the Directors of MainPower a certificated valuation at 1 April 1997 as follows.
Extract from Coopers & Lybrand ODV Valuation of MainPower’s Lines Business
In summary, we have determined the net notional asset value of the Lines Business of MainPower at $88,166,566. The value is represented by:
| $ | |
|---|---|
| ODRC of Network System Fixed Assets | 82,305,853 |
| Other Fixed Assets @ NBV/Market Value | 5,173,325 |
| Net Financial and Other Assets (excl. Cash) | 687,388 |
| Total Net Notional Asset Value | 88,166,566 |
The carrying value of the lines business distribution system recorded in MainPower’s Statement of Financial Position (Fixed Assets) at 31 March 1998 amounts to $28.358m compared to the ODV at 1 April 1997 of $82.306m.
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VUW Te Waharoa —
NZ Gazette 1998, No 155
NZLII —
NZ Gazette 1998, No 155
✨ LLM interpretation of page content
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MainPower New Zealand Ltd Statement of Financial Performance
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance, Efficiency Measures, Electricity, Accounting Return, Profit, Line Costs, ODV Valuation, Network System Fixed Assets
- Worley Consultants Ltd
- Coopers and Lybrand