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New Zealand Gazette – 1998 – No. 159

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✨ Financial Performance Measures

25 SEPTEMBER

NEW ZEALAND GAZETTE

3829

WESTPOWER LIMITED

REGULATIONS 13 & 14
FIRST SCHEDULE PART II

LINES BUSINESS FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES

	For Year Ended 31 March 1998	For Year Ended 31 March 1997	For Year Ended 31 March 1996	For Year Ended 31 March 1995
1. Financial performance measures
(a) Accounting return on total assets	= 8.54%	4.90%	7.28%	8.25%
(b) Accounting return on equity	= 6.94%	4.39%	5.16%	6.74%
(c) Accounting rate of profit	= 7.77%	4.32%	19.89%	6.71%

EBIT - cash tax - interest tax shield + revaluations = 2,735 | 1,491 | 5,872 | 1,818
Average total funds employed - half revaluations = 35,214 | 34,509 | 29,523 | 27,073

| | | | | |
| EBIT | 3,007 | 1,692 | 2,296 | 2,234 |
| Cash Tax | (80) | 0 | (228) | (220) |
| Interest tax shield - | | | | |
| Net interest expense | (193) | (201) | (242) | (197) |
| @ tax rate 33% | | | | |
| Revaluations | 0 | 0 | 4,046 | 0 |
| | 2,735 | 1,491 | 5,872 | 1,818 |

Average total funds employed | 35,214 | 34,509 | 31,546 | 27,073 |

2. Efficiency performance measures

	For Year Ended 31 March 1998	For Year Ended 31 March 1997	For Year Ended 31 March 1996	For Year Ended 31 March 1995
(a) Direct line costs per kilometre	$2,160.67	$2,739.46	$2,163.77	$2,052.93*
(b) Indirect line costs per electricity customer	$112.07	$156.54	$126.26	$134.70

1995 figure has been restated to adjust for the removal of services and lines owned by generator

The Optimised Deprival Value of Westpower Limited’s Line Business Network Assets as at 31 March 1996 was $32.671 million.

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VUW Te Waharoa — NZ Gazette 1998, No 159

NZLII — NZ Gazette 1998, No 159

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Westpower Limited Lines Business Financial and Efficiency Performance Measures (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Efficiency Measures, Accounting Return, EBIT, Westpower Limited

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