✨ Financial Performance Measures
28 SEPTEMBER NEW ZEALAND GAZETTE
Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1998
Financial and efficiency performance measures for the Line and Energy Business
Introduction
The Electricity (Information Disclosure) Regulations 1994 forms part of the “light handed” regulatory regime introduced following deregulation of the Electricity Industry.
The Regulations require Electricity Companies that operate a Line Business to publicly disclose in the Gazette and have available on request a variety of information. Included in these disclosure are Financial, Reliability and Efficiency Performance Measures and Statistics.
In order to consistently define these measures to allow comparison between Electricity Companies, the Regulations require a number of adjustments to be made to the Financial Statements. For this reason, the Financial Statements disclosed are not necessarily the basis of information used for calculations in Performance Measures and Statistics.
This information has been prepared solely for the purpose of complying with regulations 13, 14, 15 and 16 of the Electricity (Information Disclosure) Regulations 1994 and is not intended for any other purpose.
Financial Measures
Rates of return for the Line Business are as follows:
| 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|
| Before Discount | ||||
| Accounting return on total assets (ODV value) | 11.86% | 11.29% | 5.12% | 3.80% |
| Accounting return on equity (ODV value) | 11.86% | 11.29% | 7.19% | 6.98% |
| Accounting rate of profit (on ODV valuation) | 25.25% | 14.57% | 5.95% | 3.80% |
| After Discount | ||||
| Accounting return on total assets (ODV value) | 1.35% | 0.40% | 0.17% | 0.18% |
| Accounting return on equity (ODV value) | 1.35% | 0.40% | 0.25% | 0.33% |
| Accounting rate of profit (on ODV valuation) | 14.08% | 3.50% | 0.36% | 0.18% |
The performance measures above take into account changes from an ODV valuation as at 1st April 1998. However, the change in the ODV has not been reflected in the financial statements.
The Accounting rate of profit without the ODV revaluation is 11.86% before discount and 1.35% after discount.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1998, No 161
NZLII —
NZ Gazette 1998, No 161
✨ LLM interpretation of page content
🏭
Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1998
(continued from previous page)
🏭 Trade, Customs & Industry29 May 1998
Financial Instruments, Credit Risk, Electricity Hedge Contracts, Bank Balances, Receivables, Fair Values, Electricity Price Hedging, Credit Evaluations, Rates of Return, Accounting Return on Total Assets, Accounting Return on Equity, Accounting Rate of Profit