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New Zealand Gazette – 1999 – No. 107

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✨ Financial and Efficiency Performance Measures

NEW ZEALAND GAZETTE

1 SEPTEMBER

2555

Horowhenua Energy Limited Line Business – Disclosure 1999

Financial and efficiency performance measures for the Line Business

Introduction

The Electricity (Information Disclosure) Regulations 1999 forms part of the 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 this 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 15, 16, 21 and 22 of the Electricity (Information Disclosure) Regulations 1999 and is not intended for any other purpose.

Financial performance measures

Rates of return for the Line Business are as follows:

	1999	1998	1997	1996
Return on funds	4.57%	1.35%	0.40%	0.17%
Return on equity	4.09%	1.35%	0.40%	0.25%
Return on investment	2.30%	14.08%	3.50%	0.36%

Efficiency performance measures

	1999	1998	1997	1996
Direct line costs per kilometre	$1,367	$1,317	$1,519	$1,331
Indirect line costs per electricity customer	$261	$92	$95	$99

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VUW Te Waharoa — NZ Gazette 1999, No 107

NZLII — NZ Gazette 1999, No 107

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✨ LLM interpretation of page content

🏭 Financial and Performance Disclosure by Horowhenua Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited, Interest Rate Risk, Fair Values, Reconciliation, Contingent Liabilities

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NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
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Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

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