New Zealand Gazette – 1999 – No. 112

Page 2675

✨ Financial and Efficiency Performance Measures



7 SEPTEMBER NEW ZEALAND GAZETTE 2675

THE LINES COMPANY LIMITED

Disclosure of financial and efficiency performances measures as required 15 to 22 of the Electricity (Information Disclosure) Regulations 1999.

Regulation 15:

  1. Financial performance measures
    (a) Accounting return on funds 9.33% 9.27% 7.64% 7.13%
    (b) Accounting return on equity 7.20% 6.93% 5.67% 5.41%
    (c) Accounting return on investment 7.00% 6.62% 5.25% 5.07%

For the purpose of calculating the above ratios the revenue has been calculated before special discounts and the tax has been calculated before the effect of special discounts. This has an effect of increasing 1999 revenue by $1,305,000 and decreasing tax by $643,160.

  1. Financial performance measures
    (a) Accounting return on funds 4.94% 5.00% 3.69%
    (b) Accounting return on equity 3.72% 3.83% 2.80%
    (c) Accounting return on investment 4.26% 3.75% 2.60%

Regulation 17

  1. Efficiency performance measures
    (a) Direct line costs per kilometre $896 $762 $706 $690
    (b) Indirect line costs per electricity customer. $45 $66 $68 $70

Regulation 19:
5. As at 1st April 1997 the ODV Valuation of the lines business
As certified by Coopers & Lybrand was $37.10 million (without meters & relays)

Regulation 21

  1. (a) Load Factor 59.53% 57.73% 60.28% 56.34%
    (b) Loss Ratio 7.81% 8.80% 8.64% 8.86%
    (c) Capacity Utilisation 36.21% 37.24% 34.12% 35.82%

  2. (a) System lengths (kms)

    • 33kV 207 207 204 204
    • 11kV 2,221 2,221 2,220 2,220
    • LV 139 139 138 138
    • Total 2567 2,567 2,562 2,562

    (b) Circuit length (overhead) (kms)

    • 33kV 207 207 204 204
    • 11kV 2,215 2,215 2,214 2,214
    • LV 123 123 123 123
    • Total 2,545 2,545 2,541 2,541

    (c) Circuit length (underground) (kms)

    • 11 kV 6 6 6 6
    • LV 16 16 15 15
    • Total 22 22 21 21

    (d) Transformer capacity (kVA) 84,517 82,959 82,758 81,109
    (e) Maximum demand (kW) 30,600 30,900 28,240 29,050
    (f) Total electricity supplied (kWH)(000’s) 147,102 142,529 134,571 130,673
    (g) Total electricity conveyed on behalf of other persons. 0 0 0 0
    (h) Total customer 9,954 9,726 9,525 8,961
    (i) Total consumer 12,149 11,610 12,948 12,305



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🏭 Financial and Efficiency Performance Measures for The Lines Company Limited (continued from previous page)

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Financial Performance, Efficiency Measures, Accounting Returns, Electricity, Lines Company